Video & Transcript Research : 'development rebate'

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AZ
AZ

Arizona 2026 Regular Session

02/02/2026 - Senate Finance

Finance

Transcript Highlights:
  • Lastly, I think this could actually harm economic development. Let's give the example.
  • assessors wanted to maintain the same class for those property owners so they wouldn't lose their rebates
  • assessors wanted to maintain the same class for those property owners so they wouldn't lose their rebates
  • We have had a member be told by an assessor that, hey, there's been a lot of residential development
  • want to emphasize that this is a good bill, and I think as Sister Cook exemplified, our policy development
Bills: SB1180, SB1215, SB1270, SB1290, SB1292, SB1294, SB1430, SCR1028
Keywords: income tax, conformity, Arizona Revised Statutes, taxpayer, federal regulations, firefighters, occupational disease, workers compensation, cancer presumption, police officers, hazardous duty, SB1270, Arizona retirement system, public safety personnel, defined contribution plan, correctional officers, corrections officers, retirement contributions, supplemental contributions, retention incentive
Summary: The Senate Finance Committee approved the January 26, 2026 minutes and then heard several bills dealing with tax, retirement, and property assessment issues. SB 1215, as amended, was described as a technical “comma bill” that reorganizes the list of firefighter cancer conditions presumed work-related and removes mistakenly included peace officer language; it passed 6-1. SB 1180 would codify Arizona Department of Revenue’s practice of assuming federal conformity for above-the-line income tax items when preparing forms, with supplemental instructions if the legislature later acts differently; it passed 7-0 after discussion about whether it would affect executive-ordered changes. SCR 1028, a voter-referral measure to narrow the statutory exception allowing agencies to set certain fees and assessments without a two-thirds vote, drew sharp debate over majority rule versus limits on delegated fee authority and passed 4-3. The committee also advanced SB 1292, which clarifies that the Public Safety Personnel Retirement System’s 5% ownership cap applies only to publicly traded corporations; PSPRS said the change would avoid compliance problems and unnecessary costs, and it passed 7-0. SB 1294, restoring county assessors’ authority to prorate property values for property destroyed in any manner while preserving a five-year classification benefit only for property destroyed by verifiable accident, passed 6-1. SB 1430, the annual tax corrections act, passed unanimously after DOR said it mainly removes redundant language, fixes a cross-reference, and codifies current practice. The committee then considered SB 1270, which would let CORP employers make optional supplemental retirement contributions of up to $5,000 to Tier 3 correctional officers and related employees at specified service intervals. Supporters from the FOP said it is a flexible retention tool for hard-to-staff correctional jobs, while some members worried it could add costs for counties and not solve the underlying retention problem; it passed 6-1. Finally, SB 1290, which requires advance notice and inspection reports for certain property inspections and bars repeat agricultural inspections for three years, drew strong support from farm groups and strong opposition from county assessors, who argued it would create costs, limit their ability to verify new construction, and interfere with annual valuation duties. The bill passed 4-2 with one member not voting, and the committee adjourned.
NH
NH

New Hampshire 2026 Regular Session

Senate Energy and Natural Resources (03/19/2026)

Energy and Natural Resources

Transcript Highlights:
  • develop housing and everything else? develop housing and everything else?
  • Yes, that's the speed of development?
  • state rebate for solar projects of 3750. state rebate for solar projects of 3750.
  • We're not, you know, we're slowing down in terms of development of solar.
  • We're building a development of solar.
Keywords: 1191, senate, all
AR
AR

Arkansas 2026 1st Special Session

SENATE CONVENES Apr 28th, 2026

Arkansas All Floor Meeting

Transcript Highlights:
  • infrastructure, running elections, supporting families, managing natural resources and public lands, developing
  • the workforce and the economy, and enforcing laws and regulations. ...public lands, developing the workforce
  • resolution last week so that we could make this bill up so that we could raise the homestead property rebate
  • A homestead property rebate to $6.75 that raises it another $75.
Keywords: 1204, all
OK
OK

Oklahoma 2026 Regular Session

House of Representatives Second Regular Session of the 60th Legislature Day 44 Afternoon Session Apr 21st, 2026

Oklahoma House Floor Meeting

Transcript Highlights:
  • superintendent that a lot of people didn't like in this state, he did very little to look and see how we developed
Bills: HB4028, HB4075, HB4077, HB4074, HB4076, SB1221, SB1921, SB2118, SB1932, SB2134, HCR1025, SB1432, HCR1024, HCR1022, SB1122, HB4029, HB4063, HB4073, HB4078, SB1936, SB44, SB237, SB248, SB1360, SB985, SB1204, SB1239, SB1307, SB2143, SB1428, SB1390, SB1400, SB1405, SB1732, SB1832, SB1859, SB1989, SB2018, SB1427
Keywords: tax deduction, venture capital, economic development, Oklahoma, investment, water resources, appropriations, funding, state treasury, infrastructure projects, emergency act, emergency management, disaster relief, pandemic response, state appropriations, HB4074, Health Care Workforce Training Commission, Health Care Workforce Revolving Fund, health workforce, health care workforce
Summary: The House convened in quorum call and first took up several Joint Committee reports on appropriations and tax measures. HB 4028 extended the sunset on the qualified equity investment deduction for venture capital investments and passed 54-27. HB 4075 appropriated $26 million in interest funds to the Oklahoma Water Resources Board for water and wastewater projects and passed 84-4, with the emergency clause also approved. HB 477 appropriated up to $10.58 million to the Department of Emergency Management for the Emergency Response and Relief Grant Program and passed 84-5, with the emergency clause approved. HB 476 appropriated up to $21.64 million to the Department of Commerce for rural economic impact grants tied to water and wastewater needs at rural industrial parks and ports; it passed 79-11 and its emergency clause also passed. HB 474 closed out ARPA funds for health care workforce training and passed 79-12, with emergency approval. The House then considered several Senate bills. SB 1221 would add tracking numbers for mailed Real ID cards and offer expedited delivery; members raised concerns about voting access and possible poll-tax issues, but the bill passed 82-9 and the emergency clause passed. SB 1921, an OSBI request bill, raised fees for criminal history/background checks and passed 84-8. SB 2118 expanded the use of sheriff commissary funds for sheriff duties and jail operations and passed 87-4. SB 1932 allowed motor carriers to represent themselves in Corporation Commission administrative hearings without an attorney and passed 92-1. SB 2134 required wreckers responding to livestock transport accidents to contact local emergency management for humane handling of livestock and passed 71-20. A lengthy floor debate centered on HCR 1025, which supports eliminating the U.S. Department of Education. Supporters argued education is a state responsibility and that federal bureaucracy and mandates add red tape; opponents warned that federal oversight is essential for special education, Title IX, IDEA, and civil rights enforcement. After extended debate, the resolution passed 72-17. The House also passed SB 1432, which removes pilot and sunset language from a successful alternative teacher certification program in Tulsa, making it a permanent pathway; supporters said it has helped career changers enter teaching and could be replicated statewide. It passed 85-3, and the emergency clause passed. The session ended with announcements, including recognition of a special-needs advocate, a rural caucus notice, and adjournment until April 22, 2026.
OK
OK

Oklahoma 2026 Regular Session

House of Representatives Second Regular Session of the 60th Legislature Day 44 Morning Session Apr 21st, 2026

Oklahoma House Floor Meeting

Transcript Highlights:
  • She began her nursing career where she developed expertise in managing complex and high-acuity patients
  • She began her nursing career where she developed expertise in managing complex and high acute patients
  • Human and community development issues our communities face today and in the future.
  • Thompson is exactly the kind of leader Langston University develops, poised, purposeful, and a graduating
  • When I talk about workforce development, I'm talking about real Oklahomans filling real jobs in our hospitals
Bills: HB4028, HB4075, HB4077, HB4074, HB4076, SB1221, SB1921, SB2118, SB1932, SB2134, HCR1025, SB1432, HCR1024, HCR1022, SB1122, HB4029, HB4063, HB4073, HB4078, SB1936, SB44, SB237, SB248, SB1360, SB985, SB1204, SB1239, SB1307, SB2143, SB1428, SB1390, SB1400, SB1405, SB1732, SB1832, SB1859, SB1989, SB2018, SB1427
Keywords: tax deduction, venture capital, economic development, Oklahoma, investment, water resources, appropriations, funding, state treasury, infrastructure projects, emergency act, emergency management, disaster relief, pandemic response, state appropriations, HB4074, Health Care Workforce Training Commission, Health Care Workforce Revolving Fund, health workforce, health care workforce
Summary: The House opened with roll call, prayer, the Pledge of Allegiance, and several recognitions and introductions, including Deer Creek students, Skiatook Chamber members, Sand Springs youth leaders, and international visitors studying U.S. energy policy. The chamber also honored the Nurse of the Day, Marla Lyceum, and heard a lengthy farewell speech from Minority Leader Munson reflecting on her service, constituent work, leadership, and bipartisan relationships. Members then took up several special presentations and resolutions, including HCR 1024 recognizing Route 66 Day and its economic importance, HCR 1022 honoring National Lineman Appreciation Day, and a citation for Langston University Day at the Capitol. The House also recognized Deputy Kenton Blumenthal as Oklahoma’s 2025 Officer of the Year for heroic actions during a dangerous pursuit. Later, the House introduced the pages of the week. On legislation, the House passed SB 1122 on ad valorem tax, which supporters said would equalize tax treatment for broadband infrastructure and promote business fairness, over some concern about tax policy and revenue impacts. The chamber also passed HB 4029, HB 4063, HB 4073, HB 4078, and SB 1936, with emergency clauses adopted on the first four. HB 4063, which referred two previously approved state questions to a special August election, drew extended debate over ballot timing, turnout, and whether combining the questions was appropriate; it ultimately passed and the special election referral was approved. SB 1936, which elevates falsely impersonating a law enforcement officer to a D1 felony, passed unanimously.
OK
OK

Oklahoma 2026 Regular Session

House of Representatives Second Regular Session of the 60th Legislature Day 19 Mar 4th, 2026 at 01:30 pm

Oklahoma House Floor Meeting

OK
OK

Oklahoma 2026 Regular Session

Appropriations and Budget 2nd Revision: HB1782 (Moore) laid over. Added to 3/4 A and B Full agenda Mar 3rd, 2026 at 04:30 pm

Appropriations and Budget

NM
NM

New Mexico 2026 Regular Session

House - Chamber Meeting Feb 9th, 2026 at 11:52 am

New Mexico House Floor Meeting

Transcript Highlights:
  • They are from Mewborn Oil and the economic development of Lea County.
  • Speaker, I'd like to move on real quick to the economic development of Lea County.
  • If it's general fund dollars, it would go back into this development fund. Thank you for that.
  • If it's a general fund dollars, it would go back into this development fund. Thank you for that.
  • Why did you not choose to revert some of the money to the Community Development Program Fund?
Bills: HB111, HB61, HB43, HB156, HB70, SB3, HB103, HB109, HB128, HB247, HJM2, HJM3, HM7, HM17, HM4, HM22, HM23, HM24, HM26, HM2, HM16, HM32, HM11, HM14, HM21, HM34, HM50
Keywords: water law, state engineer, civil penalty, compliance order, water rights, overdiversion, illegal diversion, groundwater storage and recovery, well license, permit violation, water enforcement, New Mexico water code, irrigation district, conservancy district, water diversion, unauthorized water sales, measuring device, district court appeal, water resources, water compliance
NM
NM

New Mexico 2026 Regular Session

House - Chamber Meeting Feb 5th, 2026 at 12:10 pm

New Mexico House Floor Meeting

Transcript Highlights:
  • It is an area that has been developed around the various It is an area that has been developed around
  • It is ordered printed and referred to the House Commerce and Economic Development Committee, then the
  • It is ordered printed and referred to the House Commerce and Economic Development Committee, then the
  • So it's a time to offer professional development to our school board members.
  • Speaker, your Rural Development, Land Grants, and Cultural Affairs Committee, to whom has been referred
Bills: HB95, HB111, HJR1, HB32, HB33, HB61, HJM2, HM7, HM17, HM4, HM22, HM23, HM24, HM26, HM3, HM11, HM14, HM15, HM21, HM34, HM50, HB8, HB30, HB43, HB156, HM2, HM16
Keywords: HB95, additional judgeship, district court, judicial district, First Judicial District, Second Judicial District, district judges, court administration, judicial staffing, caseload, access to justice, New Mexico courts, judiciary, judge vacancy, court backlog, state courts, water law, state engineer, civil penalty, compliance order
TX
TX

Texas 89th Regular

Appropriations Feb 18th, 2025 at 08:00 am

Appropriations

Transcript Highlights:
  • And on slide number 14, we have another program that was developed with. ARPA funds.
  • And then workforce development. We have.
  • In large part due to higher than expected experience rebate revenues that we received.
  • States have already developed new case management systems.
  • It's let a local organization build that those foster families develop. that and develop residential
Keywords: budget, House Bill 1, public education, healthcare, border security, federal funding, spending limits
Summary: The meeting primarily focused on reviewing the proposed budget for the upcoming biennium, with substantial discussions around House Bill 1 and its implications for public education, healthcare, and border security. The Comptroller presented a revenue overview indicating a total of $194.6 billion available for general purpose spending, which reflects a slight decrease compared to previous years due to fluctuating economic conditions. Members raised questions regarding spending limits and the impact of federal funding on state programs, highlighting concerns about the sustainability of funding in light of potential changes at the federal level.
ND
ND

North Dakota 2025-2026 Regular Session

Employee Benefits Programs Committee May 7th, 2026

Transcript Highlights:
  • Back when we were with Blue Cross Blue Shield and rebates really started becoming popular on the prescription
  • Consultant analyzing the bids and getting those, you know, developed in all of our comments compiled.
  • end up offering, it will be a transparent arrangement with the PBM so that we have insight into the rebates
  • This draft requires the PERS Board to develop and implement an enhanced coverage option that would meet
  • This draft requires the PERS Board to develop and implement an enhanced coverage option that would meet
Summary: The Employee Benefits Committee met to approve prior minutes, hear presentations on state employee health insurance, compensation, leave, and related policy issues, and then recess for lunch. PERS reviewed the history and structure of the state health plan, noting the long-standing state-paid family coverage, cost-control measures, wellness incentives, the current grandfathered PPO and high-deductible options, and the effects of recent benefit mandates such as insulin caps, prosthetic coverage, medication management, prescription copay changes, and ambulance balance-billing limits. Committee members questioned the fiscal impact of adding benefits and the possible cost of moving to a non-grandfathered plan, while PERS and HRMS emphasized that health insurance remains the top-ranked employee benefit and that any major plan changes should be considered carefully. HRMS also presented compensation comparisons showing state pay generally below private-market benchmarks, discussed targeted market equity adjustments, identified ongoing recruitment and retention concerns in fields like nursing, IT, engineering, and attorneys, and reviewed leave policies, tuition reimbursement, and family leave comparisons with neighboring states. Job Service provided labor market data showing low unemployment, high labor force participation, and wage growth that still trails some neighboring markets, and OMB explained that prevailing wage requirements apply to federally funded projects under Davis-Bacon, not to ordinary state contracts. After lunch, the committee took up the required process for health insurance mandate bills and adopted an amendment to Joint Rule 211. The amendment clarified that the deadline for submitting mandate measures is intended to allow time for all required reports, including both the cost-benefit analysis and any Employee Benefits Committee actuarial report, while leaving the existing deadline unchanged. The amendment was adopted on a roll call vote, with several members voting yes and a few no votes recorded. The committee then moved into its jurisdiction review of bill drafts, beginning with a bill that would automatically renew pre-tax dental and vision elections; members debated whether it had any actuarial or administrative impact on PERS or the state, and the chair explained that the committee’s role was only to decide whether further analysis was needed before later testimony and recommendations.
AL
AL

Alabama 2025 Regular Session

Alabama House Economic Development and Tourism Committee Apr 2nd, 2025

Tourism

Transcript Highlights:
  • replacing line 71 on page three with the following: For the purpose of the production expenditures rebate
  • Production expenditures rebate computed under 41-7A-43.
Bills: SB90, SB255, SB268
Keywords: Green County, racing, pari-mutuel wagering, gaming regulations, commission appointments, historical horse racing, local tax, SB255, cannabinoid, hemp, hemp-derived THC, THCa, delta-8 THC, HHC, CBD, THC, novel cannabinoid products, hemp products, intoxicating hemp, delta-8
NM
NM

New Mexico 2026 Regular Session

House - Chamber Meeting Feb 18th, 2026 at 11:38 am

New Mexico House Floor Meeting

MN
MN

Minnesota 2025 1st Special Session

Committee on Taxes - 02/12/25

Taxes

Transcript Highlights:
  • Developing local recycling markets keeps resources, jobs, and businesses here in Minnesota.
  • Developing local recycling markets keeps resources, jobs, and businesses here in Minnesota.
  • Developing local recycling markets keeps resources, jobs, and businesses here in Minnesota.
  • Developing local recycling markets keeps resources, jobs, and businesses here in Minnesota.
  • <01:06:02.480> on challenges by providing a rebate on challenges by providing a rebate on
Keywords: 1187, senate, all
MN
MN

Minnesota 2025 1st Special Session

House panel hears bill proposing constitutional amendment to return surpluses to taxpayers 2/11/25

Minnesota House Floor Meeting

Transcript Highlights:
  • The legislature already has this authority to use projected budget deficits for tax rebates or tax cuts
  • The legislature already has this authority to use projected budget deficits for tax rebates or tax cuts
  • The state already can and has often used budget surpluses to issue one-time rebates or permanent tax
  • The state already can and has often used budget surpluses to issue one-time rebates or permanent tax
  • The state already can and has often used budget surpluses to issue one-time rebates or permanent tax
Keywords: 1183, house
Summary: House File 4, as amended, was heard in committee. The bill proposes a constitutional amendment to create a Minnesota tax relief account that would capture projected general fund revenues exceeding 105% of projected expenditures and return those funds to taxpayers, primarily through property tax relief or income tax relief. The committee adopted an amendment to put the bill in the author’s preferred shape, and later adopted a technical amendment from Representative Smith to insert the word “projected” before “expenditures” on line 2.2. Representative Johnson presented the bill as an affordability measure meant to return surplus money to the people rather than create new spending, arguing it would help homeowners and taxpayers if a surplus occurs. Ranna Lee of Americans for Prosperity supported the concept of returning surplus funds to taxpayers but also urged broader tax and budget reforms, including triggers for rate reductions and changes to budgeting practices. Nan Madden of the Minnesota Budget Project and Eric Bernstein of We Make Minnesota opposed the proposal, warning that embedding budget and tax rules in the Constitution would reduce legislative flexibility, weaken public investment, shift costs to local governments, and make it harder to respond to recessions or emergencies. Members raised questions about how the formula would work, who would qualify for refunds, whether corporations with property tax liability could benefit, and how the proposal would handle forecast-based calculations and unexpected events such as pandemics or federal policy changes. House research and committee staff clarified that the bill would need to go to Ways and Means and then Rules to satisfy House requirements for constitutional amendments, and that a fiscal note had been requested and was in process. The committee did not take final action on the bill in the portion of the transcript provided, but the motion before it was to recommend passage and send House File 4 to Ways and Means.
MN
MN

Minnesota 2025-2026 Regular Session

House Fraud Prevention and State Agency Oversight Policy Committee 9/17/25

Fraud Prevention and State Agency Oversight Policy

Transcript Highlights:
  • So, they come into one of these ICs that gives them a rebate on housing and promises them service.
  • So, they give you a rebate on the rent.
  • In my case, it was a rebate on the rent.
  • I spent the last 25 years of my career doing information technology design and development work for a
  • I spent the last 25 years of my career doing information technology design and development work for a
Keywords: 1183, house
CA
CA

California 2025-2026 Regular Session

Assembly Health Committee Jun 30th, 2026

Health

Transcript Highlights:
  • Studies show that adding just one 12-ounce sugary drink daily increases the risk of developing type 2
  • These developments encourage early detection and diagnosis.
  • These developments encourage early detection and diagnoses.
  • If we don't meet those obligations, the consumer gets rebated.
  • It'll—it’s part of the overall development of the rates.” “Okay, so it won't lower premiums.”
Keywords: 988, house, all
WV
WV

West Virginia 2026 Regular Session

WV Senate Finance Committee in Session Jan 19th, 2026 at 02:59 pm

Transcript Highlights:
  • We also need somebody with expertise in economics, business development, financials, taxes, systems even
  • We developed that in-house decades ago.
  • We obviously want economic development.
  • At USDA Rural Development and the West Virginia Economic Development Authority, we recognize this is
  • The rebate to the state was about $24 million.
Keywords: 994, senate, all
Summary: The Senate Finance Committee met with a quorum, approved the minutes from the prior meeting, and heard budget presentations from the Secretary of State, the Attorney General, and the State Auditor. The Secretary of State’s office described its FY27 budget, emphasizing efficiency gains from technology, election security work, and business services. It said it is operating with fewer staff than a decade ago, but rising costs and outdated statutory fees are creating deficits in service of process and other operations. The office asked the committee to consider either increasing fees or allowing it to retain a larger share of business-service revenue, and it also proposed creating an Office of Entrepreneurship to help small businesses navigate state government, grants, permits, and related services. Committee members questioned the Secretary of State’s office about fee increases, the current 50-50 split of certain revenues with general revenue, and whether the proposed entrepreneurship office would duplicate existing services. The office said it would complement, not replace, Commerce, SBDC, or grant programs, and would report metrics and policy recommendations to the legislature. The Attorney General then requested a one-time $2 million special revenue appropriation to hire additional lawyers and support staff, citing increased litigation, federal and state legal work, and the need to defend new laws. He also discussed embedded DMV lawyers handling DUI revocation hearings and said the arrangement costs the office just over $200,000. The State Auditor reported that his office is largely self-funded through special revenue and said he wants to reduce reliance on general revenue over time. He highlighted savings from renegotiated leases and an open government contract, discussed the need for more auditors in the Chief Inspector’s Division, and described fraud recovery and P-card operations. A major topic was delinquent land sales: the auditor said the office sold about 17,000 parcels last year and believes online bidding and better marketing could generate substantially more revenue, with the surplus potentially shared among counties, the state, and other programs. Members also asked about securities fee changes, fairness hearings, fire department audits, IT/cybersecurity, and how surplus proceeds from delinquent land sales should be handled. The committee adjourned after the presentations and questions.
NV
NV

Nevada 2025 Regular Session

Senate Committee on Natural Resources May 29th, 2025 at 12:45 pm

Natural Resources

Transcript Highlights:
  • monitoring programs and projects to implement air quality improvements, such as woodstove replacement rebates
  • monitoring programs and projects to implement air quality improvements, such as woodstove replacement rebates
Keywords: 909, all
MS
MS

Mississippi 2026 Regular Session

MS Senate Floor - 25 February, 2026; 10:00 AM

Mississippi Senate Floor Meeting

Transcript Highlights:
  • Across our state, 6,294 agricultural education students are actively developing skills that extend far
  • or sales of credit for 75% rebate or sales of credit for inventory<00:27:02.159> taxes<00:27:
  • The payback is and have a lower reduction, but the city and the county gets a rebate, so they remain
  • /c> city and the county city and the county >> gets<01:01:36.960> a<01:01:37.119> rebate
  • So they they remain they >> gets a rebate.
Keywords: MS Senate Floor - 25 February, 2026; 10:00 AM, 925, all
Summary: The Senate convened with a quorum, opened with prayer by Reverend Max Smith of Jesus Name Tabernacle in Florence, and then led the Pledge of Allegiance. The chamber quickly dispensed with the reading of the journal and committee reports, and then spent much of the morning recognizing guests, including multiple FFA groups, the Mississippi FFA state officer team, the Mississippi Food Bank Collaborative, optometrists visiting for Optometry Day, and representatives from engineering and fire service organizations. On the calendar, the Senate took up several finance-related bills. Senate Bill 2824, extending deadlines related to renewable energy fee-in-lieu agreements and construction start dates, was explained and adopted, then passed by use of the morning roll call with three no votes and one present. Senate Bill 2867, revising the income tax credit for employer-provided dependent child care or child care stipends, was explained as a targeted, capped credit for actual employer spending on licensed child care; it was adopted and passed by morning roll call. Senate Bill 3109, clarifying that a nonprofit leasing and managing LaFleur’s Bluff State Park land is not subject to ad valorem taxes on state-owned park land, was adopted and passed by morning roll call with one no vote. The Senate also considered Senate Bill 2840, which would provide a 75% rebate or sales tax credit related to inventory taxes and eliminate local privilege taxes. After extended discussion, the committee substitute was adopted, a reverse repealer amendment was added, and the bill passed by morning roll call with one no vote. Senators discussed the burden of inventory taxes on retailers and the need for more data before fully implementing the proposal. Finally, Senate Bill 2868, creating a tax credit tied to employer contributions for individual coverage health reimbursement arrangements (ICHRAs), was introduced and explained as a way to encourage employer-supported health coverage for small and midsize businesses; the transcript cuts off during the explanation before final action on that bill.