Transcript Highlights:

• And the consolidated report requires the reporting unit to submit financial information on each funding
• </c><00:42:13.440><c> This</c> transportation financials report.
• This transportation financials report.
• </c> local transportation financials local transportation financials reporting<00:49:22.960><c> and</
• planning uh reporting uh a uh financial planning uh reporting requirements.<00:52:01.839><c> And</c>

Transcript Highlights:

• Next item is presentation of the annual comprehensive financial report.
• I'm here to present the state's annual Comprehensive Financial Report, also referred to as the ACFER,
• In addition to the ACFER, we also publish the popular annual financial report, which is the smaller 10
• Okay, just take this report.
• When did we receive that report? So the actual... When did we receive their report?

Summary: The committee first took up the fiscal status statement, certification of the state surplus, and the five-year baseline budget. Officials from the Office of Planning and Budget and the Division of Administration said the January fiscal status statement had no changes, and the commissioner certified a surplus of $577,073,871. They also reviewed the baseline outlook, noting projected imbalances in later years driven by declining revenue, including the redirection of motor vehicle sales tax, and rising costs such as inflation and Medicaid-related expenses. The fiscal status statement was approved without objection. The governor’s executive budget was then presented as a third consecutive standstill budget, with administration officials emphasizing efficiency savings, no reduction in services, and no reduction in state workforce. They said the budget relies on prior savings efforts and incorporates agency-level cuts and reorganization, while also addressing higher costs in corrections, DCFS, and health care. Major items highlighted included funding for LA GATOR, the high-impact jobs program, DCFS modernization, corrections population and overtime needs, nursing home and managed care adjustments at LDH, and additional support for the MJ Foster Scholarship Program. Members asked about the impact of inflation, the use of federal versus state funds, the future of voucher and GATOR funding, and whether more support should go to DCFS and the Hero Fund. The committee also received the calculation of the FY27 expenditure limit, set at $20.1 billion, and the annual comprehensive financial report for FY2025, which received a clean audit opinion. Members approved a BA-7 increasing federal funds for an executive office transportation grant, approved additions to the Act 751 higher education deferred maintenance project list and a Baton Rouge Community College project combination, and approved contract amendments for CPRA with Coastal Estuary Services and Access Sciences. The committee also corrected a legislative intent item naming the New Orleans Recreational Development Foundation. Finally, the judiciary presented a weighted caseload study for district and appellate courts, explaining it as an updated tool to assess judicial workload and potential judgeship needs; members discussed its limits, the role of specialty courts and commissioners, and the need for further legislative-judicial collaboration before any changes are made.

Transcript Highlights:

• And we'll have a staff report, please. Thank you, Mr. Chair. Thank you, Mr.
• Some of them talk about that this will create a mandatory financial burden.
• Some of them talk about how this will create a mandatory financial burden.
• She made police reports.
• I had started a report about this individual because he was let go.

Summary: The committee heard public hearings on several bills, with testimony limited because of the large number of sign-ups. House Bill 2146 would expand the crime of sexual exploitation of a minor to include causing a minor to view sexually explicit conduct that is being photographed or shown in a live performance. The prime sponsor, Olympia police, and Pierce County prosecutors described cases involving adults masturbating in front of children and argued the current law leaves a gap by treating such conduct as only misdemeanor indecent exposure or communication with a minor. Committee members asked about comparisons to other states, forensic interviews, and whether related offenses could be enhanced. House Bill 2349 would expand notice requirements for sexually violent predator releases, conditional releases, address changes, discharges, and escapes to include local elected officials such as sheriffs, county executives, city officials, and legislators. The sponsor said the bill would codify a practice already occurring in some cases and help officials respond to community concerns with accurate information. DSHS supported increased communication but requested technical amendments. Several city officials testified in support, saying they had not always been notified in advance of placements in their communities. Defense advocates opposed the bill, warning that broader notification could fuel public pressure, vigilante responses, and constitutional problems for the civil commitment system. The hearing on the bill was left open for amendments. House Bill 2532 would make it a gross misdemeanor to sell or distribute nitrous oxide canisters or similar containers, with exemptions for medical, dental, food, industrial, and automotive uses. The sponsor and supporters described rising misuse among youth and young adults, public health harms, and incidents involving impaired driving and overdose deaths. Tribal representatives, the Attorney General’s Office, the Washington Poison Center, and public health officials supported the bill, while veterinary representatives asked for clarification or an amendment to preserve veterinary use. The committee also heard testimony on House Bills 2430 and 2457, which both concern the crime victim penalty assessment. Representative Barno’s bill would restore the assessment for certain offenses involving victims, while Representative Davis’s bill would increase the assessment and add a surcharge for defendants with substantial financial resources. Victim advocates, prosecutors, and sheriffs supported the bills as needed to restore funding for victim services, while defense groups opposed them as burdensome fees on indigent defendants. The chair directed the two sponsors to work together on a single proposal, and the hearings were held open.

Transcript Highlights:

• on page 3 of the bill report.
• other reporting.
• distress, and ESD employees are required to report suspected financial mismanagement to the state auditor
• The Seattle Times recently reported that 68% of the fatalities reported by DCWRF were of families who
• The Seattle Times recently reported that 68% of the fatalities reported by DCWRF were of families who

Summary: The Ways and Means Committee met on February 6, 2026, and first voted to suspend the five-day notice rule for all bills on the agenda. Senators Braun and Gildon objected, arguing the bill needed more public review and that the fiscal note had only just been released, but a roll call vote passed 15-9 and the committee proceeded to Senate Bill 6346. Staff briefed SB 6346 as a proposal to create a 9.9% income tax on Washington taxable income above a $1 million per-household standard deduction, with a $50,000 charitable deduction, apportionment rules for nonresidents and certain professions, quarterly estimated payments, and credits for capital gains tax and certain business taxes. Staff said the tax would begin in 2029 and eventually raise about $3.5 billion annually from roughly 30,000 taxpayers. The bill also would expand the Working Families Tax Credit, create a sales tax exemption for grooming and hygiene products, increase the small business B&O tax credit and filing threshold, and end the B&O surcharge on high-grossing businesses one year early. Members questioned the bill’s constitutionality, its exemption from referendum, treatment of student athletes, natural-resource industries, and whether real estate gains would be captured. Public testimony was sharply divided. Supporters, including labor groups, educators, health care advocates, counties, child care workers, and some business owners and high-income individuals, said the bill would make the tax code more progressive and provide stable funding for health care, education, child care, public defense, and other services, while expanding the Working Families Tax Credit. Opponents, including many small business, construction, housing, and taxpayer advocates, argued the measure would function as a tax on pass-through businesses and retained earnings, harm housing production and investment, encourage wealthy residents and businesses to leave the state, and violate the state constitution or the will of voters. No final action on SB 6346 was taken during the hearing.

Transcript Highlights:

• reporting reporting uh<00:19:24.960><c> and</c><00:19:25.200><c> transparency</c><00:19:25.840><c> of
• </c><00:19:26.080><c> reporting</c><00:19:26.720><c> that</c> uh and transparency of reporting that uh
• </c> sound. to meet other financial sound. to meet other financial thresholds.<00:36:28.160><c> Um</c
• </c> annual reporting requirements. annual reporting requirements.
• We'd heard everything from quarterly reporting to annual reporting.

Committee: Senate Health and Human Services

Transcript Highlights:

• Members, consumer reporting agencies must comply. with certain reporting information laws that protect
• with certain consumer reporting laws.
• certain consumer reporting laws.
• Statewide reports show that Texas schools have a culture of under-reporting educator and student misconduct
• It removes government from the role of financial middleman, reinforces transparency in financial dealings

Bills: HCR35 , SJR59 , SJR84 , SCR30 , SB127 , SB317 , SB324 , SB457 , SB506 , SB511 , SB529 , SB547 , SB584 , SB619 , SB636 , SB646 , SB659 , SB715 , SB732 , SB735 , SB771 , SB784 , SB800 , SB801 , SB904 , SB1026 , SB1049 , SB1065 , SB1181 , SB1224 , SB1250 , SB1383 , SB1467 , SB1524 , SB1528 , SB1531 , SB1568 , SB1585 , SB1640 , SB1681 , SB1754 , SB1757 , SB1777 , SB1972 , SB1980 , SB2007 , SB2041 , SB2046 , SB2050 , SB2055 , SB2069 , SB2080 , SB2119 , SB2138 , SB2139 , SB2154 , SB2201 , SB2225 , SB2268 , SB2306 , SB2308 , SB2310 , SB2330 , SB2366 , SB2375 , SB2392 , SB2401 , SB2422 , SB2480 , SB2514 , SB2530 , SB2533 , SB2543 , SB2544 , SB2589 , SB2610 , SB2615 , SB2623 , SB2660 , SB2662 , SB2693 , SB2695 , SB2707 , SB2722 , SB2742 , SB2753 , SB2807 , SB2843 , SB2844 , SB2858 , SB2880 , SB2885 , SB2891 , SB2925 , SB2938 , SB2986 , SJR3 , SJR18 , SB5 , SB914 , SB963 , SB1197 , SB1415 , SB1437 , SB1786 , SB326 , SB767 , SB769 , SB783 , SB1035 , SB1271 , SB1619 , SB1637 , SB1806 , SB1 , SB260 , HB135 , HB 1109 , HCR35 , HCR64 , SJR36 , SJR50 , SJR63 , SJR84 , SJR59 , SCR12 , SCR39 , SCR48 , SCR19 , SCR30 , SCR3 , SB2023 , SB619 , SB2742 , SB646 , SB1026 , SB2880 , SB62 , SB666 , SB847 , SB284 , SB854 , SB1073 , SB810 , SB1505 , SB583 , SB1502 , SB507 , SB1434 , SB1376 , SB1585 , SB1772 , SB2016 , SB1163 , SB1122 , SB731 , SB397 , SB508 , SB1436 , SB287 , SB261 , SB1882 , SB393 , SB1791 , SB529 , SB209 , SB2429 , SB1999 , SB511 , SB2309 , SB510 , SB584 , SB1085 , SB2046 , SB1975 , SB2717 , SB1262 , SB1524 , SB636 , SB2056 , SB884 , SB517 , SB1200 , SB1845 , SB1863 , SB2681 , SB2200 , SB2199 , SB1757 , SB2050 , SB2458 , SB2201 , SB2660 , SB2662 , SB1065 , SB801 , SB2533 , SB3014 , SB3013 , SB758 , SB1721 , SB2366 , SB1013 , SB2797 , SB2383 , SB1754 , SB2119 , SB2448 , SB1777 , SB1283 , SB2392 , SB2076 , SB2786 , SB2876 , SB2284 , SB2225 , SB1540 , SB2929 , SB1972 , SB2540 , SB2595 , SB2217 , SB715 , SB2330 , SB1383 , SB500 , SB1640 , SB2001 , SB2080 , SB506 , SB2514 , SB2753 , SB2398 , SB1241 , SB2927 , SB2173 , SB2538 , SB898 , SB1449 , SB2529 , SB1531 , SB2846 , SB2476 , SB986 , SB1181 , SB2075 , SB2154 , SB2864 , SB1359 , SB2386 , SB771 , SB2844 , SB2550 , SB1351 , SB1423 , SB1931 , SB2245 , SB2589 , SB2707 , SB2807 , SB410 , SB659 , SB2776 , SB2693 , SB2580 , SB1980 , SB1886 , SB1234 , SB739 , SB456 , SB127 , SB1666 , SB2843 , SB2801 , SB800 , SB2055 , SB784 , SB2986 , SB735 , SB1012 , SB324 , SB2926 , SB2938 , SB2007 , SB2138 , SB1242 , SB2615 , SB1049 , SB2310 , SB1224 , SB2972 , SB1568 , SB2841 , SB2885 , SB3016 , SB2858 , SB2610 , SB2139 , SB1856 , SB2035 , SB2308 , SB2306 , SB2041 , SB1528 , SB1681 , SB1141 , SB2401 , SB2530 , SB2375 , SB547 , SB1266 , SB1373 , SB1467 , SB2069 , SB2269 , SB2480 , SB2544 , SB672 , SB904 , SB2695 , SB2891 , SB2422 , SB2543 , SB1854 , SB317 , SB2539 , SB2532 , SB2925 , SB1250 , SB2082 , SB2203 , SB457 , SB2357 , SB2721 , SB243 , SB1285 , SB2568 , SB1959 , SB1442 , SB1454 , SB2520 , SB2541 , SB1708 , SB1237 , SB1844 , SB1586 , HB1392 , HB22 , SB1551 , SB3039 , SB2819 , SB66 , SB629 , SB1015 , SB2342 , SB2903 , SB2933 , SB1965 , SB2477 , SB3029 , SB2605 , SB2419 , SB1957 , SB375 , SB250 , SB777 , SB628 , SB2523 , SB2367 , SB2703 , SB2608 , SB2778 , SB3044 , SB2965 , SB2521 , SB865

Transcript Highlights:

• Clerk, please report. report. report.
• Clerk, please report.
• Clerk, please report. House ordered. Clerk, please report.
• Uh, could the clerk please report citation 52? Clerk, please report.
• </c> report citation 52? report citation 52?

Transcript Highlights:

• First of all, the financial burden.
• First of all, the financial burden.
• , recommended cause of death from the pathologist, toxicology reports, pathology reports, and any other
• Recommended cause of death from the pathologist, toxicology reports, pathology reports, and any other
• death from the pathologist, toxicology reports, pathology reports, and any other documentation that

Summary: The Assembly Local Government Committee heard a long agenda of local government, housing, transportation, and public safety bills. Early items included SB 762, which would give certain local governments a voter-approved path to seek additional local sales tax authority to address fiscal pressures; SB 1400, which would modernize Alameda Health System governance and give Alameda County more flexibility and oversight; and SB 1408, which would authorize Contra Costa County to place a renewal of its transportation sales tax on the ballot. Supporters for those bills included local officials, county representatives, labor groups, fire and police organizations, and transit advocates, while no organized opposition was presented on those measures in committee. The committee also heard SB 1272, which would give homeowners more time to correct certain inherited code violations and allow an affidavit process for buyers who did not know about the violation at purchase. The bill drew support from the California Apartment Association and opposition from code enforcement and county groups, who argued it would reduce local enforcement discretion and create health and safety risks. After questions about disclosure and enforcement, the committee approved SB 1272 as amended and re-referred it to Appropriations. SB 1055, dealing with procurement flexibility for Pajaro flood control and levee repairs, also passed as amended and was sent to Appropriations. Later, the committee approved SB 1379, which would separate the Riverside County Sheriff-Coroner and create an independent medical examiner system. The author and supporters argued the change was needed for transparency and independence in in-custody death investigations, while opponents raised labor, cost, and governance concerns; some opposition was softened after the author agreed to employee-protection amendments. The committee also passed SB 1172, limiting consultant compensation and adding transparency rules for local tax-sharing agreements, and several housing bills from Senator Grayson: SB 1003 on pro-housing infrastructure financing districts, SB 1014 on early disclosure of infrastructure requirements for housing projects, and SB 1169 on extending tentative vesting map validity. The committee took votes on consent items and later add-ons, with most measures passing on bipartisan or unanimous votes and several being re-referred to Appropriations or Housing and Community Development as appropriate.

Transcript Highlights:

• A current system also puts pregnant educators at a financial disadvantage.
• We came up with a report, and based upon the report is how we got to the paid pregnancy leave dollar
• Nearly one-third of students reported having moderate to severe anxiety, and one in ten reported thoughts
• Right now, we can be tied to these reports what seems like forever.
• My final report is due September 2026.

Summary: The committee heard and acted on several education-related bills, beginning with AB 65 on paid pregnancy leave for public school employees. The bill drew strong support from teachers, school employees, unions, and education groups, who argued it would provide up to 14 weeks of paid leave, reduce financial penalties tied to sick leave use, and help recruit and retain educators. Some witnesses and members raised concerns about funding, district eligibility, and implementation, but the bill was advanced on a do-pass recommendation to the Senate Labor, Public Employment and Retirement Committee, with one member not voting and the bill placed on call for absent members. Members then heard AB 673 on an unaccompanied youth support grant program for homeless 16- and 17-year-olds, AB 1552 on reporting recommendations to strengthen civic engagement in higher education, AB 1572 on annual CIF review and qualification standards for sports officials, and AB 1586 on opioid overdose response training and naloxone access for school resource officers. AB 673 and AB 1552 received support from education, youth, and advocacy organizations; AB 673 also drew questions about overlap with existing homeless and foster-care-related programs, while supporters said the bill targets a vulnerable subpopulation that is often missed. AB 1552 and AB 1572 were broadly supported and advanced, and AB 1586 was backed by treatment providers, school nurses, and education groups as a practical student-safety measure; all were moved forward with do-pass recommendations and placed on call. The committee also considered AB 1721, which would create a work group to review and streamline school safety plans, and AB 2060, which would establish a mentor teacher grant program and stipend to strengthen the teacher pipeline. Both bills were supported by administrators, educators, and school-related organizations, and both advanced to the Senate Appropriations Committee. AB 2440, aimed at clarifying Proposition 28 arts and music education funding rules and allowing small districts to pool resources, also received broad support and moved to Appropriations. AB 1784, which would extend pregnancy-related protections to undergraduate students and prohibit discrimination based on pregnancy or related conditions, passed to the Senate Judiciary Committee after support from higher education and women’s advocacy groups. Finally, AB 2660, which would codify the CalBridge STEM pathway program and related efforts to diversify the STEM workforce, was supported by higher education and workforce advocates and advanced to Appropriations after questions about the related EnLACE program and its funding sources.

Transcript Highlights:

• ><c> and</c><00:04:42.320><c> now</c> Subcommittee report is adopted and now Subcommittee report is adopted
• </c> that we adopt the subcommittee report that we adopt the subcommittee report regarding<00:05:55.280
• Subcommittee report is adopted.
• </c> be able to provide greater financial be able to provide greater financial returns<00:32:30.200><
• We're just looking to combine separate agri legislative reports into an annual report.

Committee: Senate Agriculture, Veterans, Broadband, and Rural Development

Transcript Highlights:

• . 78% did not use a financial advisor.
• Financial advisors are designed to help get you better fees.
• You do know it's public information if a financial advisor was used.
• Representative Gutierrez asked whether hiring a financial advisor would necessarily change what is reported
• report and I'm happy to answer any questions.

Committee: House House Education Committee of Reference

Summary: The committee heard and advanced several school-related bills, with much of the discussion focused on governance, transparency, and accountability in school districts. House Bill 2318 would impose term limits on school district governing board members in districts with at least 250 students, while allowing county superintendents to appoint a term-limited member to fill a vacancy. Supporters argued it would bring fresh ideas and prevent entrenched leadership; opponents said voters should decide. The bill received a due pass recommendation after a divided roll call. House Bill 2312 would allow certain patriotic youth groups to address students during school hours and require equal access for those groups in school forums. The sponsor said it was intended to promote programs such as FFA, Scouts, and similar organizations. Some members objected that it would take instructional time and was not truly permissive if access was granted to one group, and the bill nonetheless received a due pass recommendation. House Bill 2320 would require school districts to hire a registered independent municipal advisor before calling a bond election and for each successful bond issue. The sponsor and supporters said this could reduce underwriting fees and save taxpayers money, while some members raised questions about costs if a bond failed and whether the bill should be narrowed; it passed with a due pass recommendation after several members voted present or no. The committee also approved House Bill 2376, which would bar districts from buying or leasing school property while a charter or private school is still operating there, and House Bill 2378, which tightens conflict-of-interest rules for the School Facilities Oversight Board by barring the architect and engineer members from having school-construction business. Both were framed by the sponsor as responses to concerns raised in Tolleson Union-related testimony and reporting. House Bill 2379, as amended, requires school board members to complete biennial training approved by the Auditor General, to be offered by county superintendents or ADE, with counties able to contract with others; supporters called it needed training, while opponents raised concerns about unfunded mandates, inclusion of ASBA, and charter schools. It received a due pass recommendation. Finally, House Bill 2380 would require board and subcommittee meetings to be held in-district, preserve online access to materials, and require public approval of out-of-state travel, with reimbursement if retroactive approval is denied. Rural districts and others raised concerns about flexibility, executive-session confidentiality, and administrative burden, but the bill was discussed with amendments and public access concerns rather than a final recorded action in the excerpt.

Transcript Highlights:

• As painful as this is financially, what is the more enduring pain...
• But it financially gets nowhere near what that loss is. Thank you. Yeah, yes, Mr.
• The third is financial assistance for arts programs that serve rural communities.
• The other piece is that in that report, in that survey, 35% of organizations have already reported making
• Unfortunately, this does have a financial impact on the organization.

Committee: House House Committee on Federal Funding, Policy and Accountability

Summary: The hearing focused on the impact of recent federal policy and budget actions on Massachusetts libraries, humanities organizations, arts institutions, and tourism. Testimony from library leaders described the loss or jeopardy of Institute of Museum and Library Services funding, including statewide databases, local grants, staff positions, E-rate/hotspot support, and digital equity programs. Witnesses said the cuts have already forced reductions in services, canceled grants and workshops, and in some cases left schools, students, job seekers, and low-income patrons without access to key resources. Members of the committee asked for lists of affected communities and databases, and several witnesses said they would provide additional written detail. Arts and humanities witnesses said federal terminations from the NEA, NEH, and IMLS have hit organizations across the Commonwealth, including Mass Cultural Council, Mass Humanities, Mass MoCA, and local museums and historical societies. They described canceled or rescinded grants, layoffs, reduced programming, and a chilling effect on future applications and on artistic and scholarly work, especially where federal awards had already been matched with local or private funds. Several speakers also raised concerns about executive-branch DEI conditions attached to funding and about book challenges and book banning, saying these trends threaten intellectual freedom and public access to culture and history. Committee members emphasized the economic importance of the sector and the need to publicize the impacts. Tourism officials from Meet Boston and the Massachusetts Office of Travel and Tourism testified that federal cuts and broader geopolitical and tariff issues are hurting international visitation, especially from Canada and Western Europe, and could affect major upcoming events such as the 2026 World Cup and Sail Boston. They said reduced funding for Brand USA and Discover New England will weaken long-term marketing efforts and international partnerships, with downstream effects on hotel tax revenue, jobs, and workforce recruitment. No votes were taken; the hearing was informational, with members mainly asking questions and requesting follow-up written testimony and data.

Transcript Highlights:

• Baker, who's the Financial from Mr.
• </c> reports from those grantees. reports from those grantees.
• </c><00:21:22.680><c> Um</c> the report. Um the report.
• </c> doing a financial reconciliation and Mr. doing a financial reconciliation and Mr.
• and final report is progress report and final report is given<01:05:08.920><c> to</c><01:05:08.960><

Bills: HF3564

Committee: House Legacy Finance

Transcript Highlights:

• Members of the Employee Retirement System, a text for the Committee on Pension Investments and Financial
• HB 2478 by Tallarico, relating to the reporting of information regarding medically necessary debt for
• the consumer report for the committee on trained workforce and economic development.
• and Means, HB 2578. by Wally relating to a landlord intended dispute information reported by courts
• HB 2587 by Olcott relating to the Annual Report on uncompensated hospital care costs was heard of the

Transcript Highlights:

• LeSue, reporting for duty. Quorum. Present.
• information that I'm suggesting you pull from the TEA website, it's called the Summary of Finances Report
• Texas as a financial capital, not only in the United States, but hopefully over the long term. in the
• This is a good. opportunity for Texas to demonstrate its commitment to building our financial markets
• Report it favorably to the full House.

Bills: HB195 , HB247 , HB255 , HJR2 , HJR4 , HJR6 , HJR31 , HJR34 , HB195 , HB247 , HB255 , HJR6 , HJR31 , HJR34

Committee: House Ways & Means

Transcript Highlights:

• Reports of committees will be deemed read and amendments adopted.
• Reports of committees will be deemed read and amendments adopted.
• AB 871 will strengthen protections against elder fraud and financial crimes by ensuring financial institutions
• AB 871 requires annual mandated reporter trainings to include clear guidance on reporting suspected financial
• Importantly, it also requires a financial institution to share information about reporting to IC3 with

Transcript Highlights:

• This is a reporting measure. Oh, it's purely about reporting. That's right.
• This is a reporting measure. Oh, it's purely about reporting. That's right.
• This is a reporting measure. Oh, it's purely about reporting. That's right.
• This is a reporting measure. Oh, it's purely about reporting. That's right.
• This is a reporting measure. Oh, it's purely about reporting. That's right.

Summary: The committee held a public hearing on HB 733-FN, a bill on third-party litigation financing (TPLF). Representative Cole, the prime sponsor, described TPLF as outside investors financing lawsuits in which they have no personal stake, arguing that the practice is largely unregulated, can involve foreign entities, and contributes to litigation abuse, higher insurance costs, and what he called a “tort tax.” He said the bill is modeled on an NCOIL proposal and would require disclosure of TPLF agreements, with specific references to foreign-entity restrictions, consumer-protection guardrails, and reporting requirements. He also noted a few technical fixes to the draft, including adding the word “knowingly” and restoring a section that had been omitted. Committee members questioned how the bill’s foreign-entity language would work, including whether a governor or the Department of Safety would designate countries of concern, and whether the bill would bar foreign parties from using litigation funding. Cole and others clarified that the bill was intended as a reporting measure, not a ban on litigation funding itself, and that the goal was to disclose who is funding lawsuits and to what extent. Representative Sal asked whether the bill would prevent a litigant from getting outside financing; Cole answered no, emphasizing disclosure rather than prohibition. Brandon Grat of the Attorney General’s Consumer Protection and Antitrust Bureau testified that the bill’s enforcement provisions were too limited. He said the draft appears to give the Attorney General only a civil-penalty remedy, likely too small to deter violations, and not the broader Consumer Protection Act tools such as injunctions, restitution, or investigation authority. He also raised concerns about whether the Attorney General or Insurance Department would have proper jurisdiction, given that the product may be financial or insurance-related. Insurance Commissioner DJ Benton Court said the department sees possible benefits from transparency because disclosure of litigation funding could help insurers assess risk, improve underwriting, and potentially ease hard-market pressures, especially for nonprofits and child care providers. He also said the bill’s language likely needs further work to clarify agency authority and suggested involving the Attorney General, Insurance Department, and banking regulators. Opposition testimony came from the New Hampshire Trial Lawyers Association. Marissa Chase and Samantha Hering argued the bill is one-sided because it requires disclosure only on the plaintiff side and not from defendants or insurers. They said New Hampshire already has court rules and discovery procedures that cover relevant disclosures, making the bill unnecessary, and questioned whether the existence of a funding contract is even relevant in litigation. The hearing ended with the committee continuing to discuss possible revisions and enforcement options, but no vote or final action was taken in the transcript.

Transcript Highlights:

• in the report.
• > General</c> Financial Services and General Financial Services and General Government<04:12:58.560><
• <04:28:28.479><c> services</c><04:28:29.120><c> and</c> financial services and financial services and
• </c> And as chair of the House Financial And as chair of the House Financial Services<05:00:09.520><c
• ><c> report.

Transcript Highlights:

• That was in insurers in the reports.
• 00:08:33.240><c> insurers</c><00:08:33.680><c> are</c> those reports, and the insurers are those reports
• </c> maintain the integrity of the financial maintain the integrity of the financial system. system.
• China has a pilot program on central bank digital currencies, and Financial Times reported as this.
• </c> direct threat to that sense of financial direct threat to that sense of financial privacy.<01:09

Summary: The committee met in a special-called session of the Interim Joint Committee on Banking and Insurance and first took up three Department of Insurance regulations tied to House Bill 256, the Strengthen Kentucky Homes program: 806 KAR 22:00, 22:10, and 22:20. Commissioner Sharon Clark said the program would provide $5 million in grants to help homeowners strengthen roofs, with regulations covering eligibility and operations, contractors and evaluators, and reinspections in cases of suspected fraud. A committee substitute to 806 KAR 22:10 was explained as a technical correction to conform to the statutory preference for in-state contractors and evaluators. Representative Hampton moved and Representative Rudy seconded approval of the substitute, and it was adopted by voice vote; the amended regulations were then reviewed. Clark also said the grant money would be distributed statewide rather than targeted to storm-prone areas. The committee then heard an update from Commissioner Clark on mental health parity in response to questions from Representative Pollock. Clark said the department reviews insurer filings and conducts market conduct examinations, but does not have authority over provider reimbursement rates or to require providers to join insurer networks. She said complaints are investigated and, when needed, teams review claims and data on site to check compliance with parity requirements. No action was taken on that discussion. After approving the November 4 meeting minutes, the committee heard testimony on a proposed PIP reform package from Representative Josh Bray, the Kentucky Hospital Association, the Kentucky Justice Association, and State Farm. Supporters said the bill would apply the workers’ compensation fee schedule to most PIP medical claims, keep the $10,000 PIP limit in place while stretching benefits further, reduce balance billing, modernize benefit amounts, and address fraud and delayed billing. They noted hospitals would be exempt from the fee schedule, while hospital-based physical therapy would be included, and said the compromise reflected negotiations among stakeholders. Some members questioned whether exempting hospitals undercut the bill’s purpose and asked about possible rate effects; proponents said they had not done a rate analysis and that the bill could lead to more treatments within the existing PIP limit. No vote was taken on the PIP proposal during this meeting.

Transcript Highlights:

• You will find at the report section of the website the final report.
• The executive director of the board must report any funds received and expended to the Office of Financial
• , or C-4 report, summarizing the campaign's overall financial activity and showing receipts and expenditures
• or C4 report, summarizing the campaign's overall financial activity and showing receipts and expenditures
• reports.

Summary: The committee opened its first hearing of the 2006 session with member and staff introductions, then took up five bills. Senate Concurrent Resolution 8406 would reestablish and expand the Joint Select Committee on Civic Health through the start of the 2029 session. Lieutenant Governor Heck, Senator Lovick, and Senator Muzzall testified in support, emphasizing respectful civic discourse and bipartisan cooperation. The bill drew 20 pro and 53 con sign-ins, but no questions or vote were taken at the hearing. Senate Bill 5825 would authorize the Washington State Leadership Board to solicit gifts, grants, and endowments. Senator Claire Wilson and board representatives said the change would help sustain youth leadership, mentorship, and civic engagement programs, with an initial fundraising goal of under $50,000 and policies to be developed with OFM and legal counsel to manage donor expectations. Testimony from board members and volunteers was strongly supportive, and the sign-in sheet showed four in favor and one opposed. Senate Bill 5842 would exempt display of previous campaign memorabilia in legislative offices from the prohibition on using public resources for campaigns. Senator Wagoner said the bill was meant to clarify ethics rules and allow harmless historical or decorative items, but members and staff raised concerns about what counts as “previous” campaign material and suggested tightening the language. The hearing on Senate Bill 5863 focused on preserving Lakeland Village historical records until at least fiscal year 2030 and allowing archival access after 75 years; Senator Kauffman and disability advocates described the bill as an act of respect and historical accountability, and testimony from family members and advocates was unanimously supportive. Finally, Senate Bill 5840 would change campaign finance reporting schedules to fixed monthly dates and require more regular C-4 filings; the PDC said the goal was greater transparency and easier compliance, while several treasurers supported simplification but warned about burdens from zero-activity filings and some timing provisions. The committee noted the bills were scheduled for executive action on Friday and adjourned after the final hearing.