Transcript Highlights:

• We manage 30 historical sites across the state.
• messages through a secure portal.
• Our records management analysts have trained thousands, upwards of 8,000 records management keepers throughout
• Tom Palladino: ...and so we managed that program.
• Fortunately, my health is good and I live simply so I can manage.

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• The transfer was born under prior management.
• Kay Barnhill with Office of Personnel Management.
• There's more resources with cash funds, things like that, and, you know, security is security.
• So we put it with the security side of the house.
• Of those 1,500, how many of those are security?

Summary: The committee first adopted revised JBC rules, which staff said were updated to reflect legislation passed in the 2025 session. It then heard a presentation from DFA Secretary Jim Hudson on the governor’s proposed balanced budget for FY27, with no action taken. Hudson said the budget reflects three priorities: limiting state-government growth, continuing investments in education, and advancing income-tax cuts. He highlighted increases for education funding through EFAs, pay-plan costs for Corrections, DPS, and the Attorney General, higher education productivity funding, drug task forces, a Corrections medical contract, the governor’s 1033 initiative, SNAP error-rate reduction efforts, and an additional $100 million set aside for Medicaid sustainability. Committee members questioned the size of the tax cuts, the balance requirement, public education funding, Medicaid trust-fund levels, EFA funding, and the expected impact of new SNAP cost-sharing rules. The Division of Higher Education then presented its productivity-based funding recommendations. Officials said institutions were 2.61% more productive overall, with funding changes driven by a statutory formula that rewards degree production, underserved populations, and high-demand fields. Members asked about declines at UA Little Rock, the formula’s multipliers, the role of the Arkansas Access Act and a new return-on-investment metric, and how two-year colleges are adjusted for size. The committee also reviewed special items and approved two letters: one authorizing 17 net personnel changes across nine institutions, and another adding special language for North Arkansas College’s entry into the University of Arkansas system. The committee then adopted the Higher Education Coordinating Board’s recommendations for all institutions. A lengthy portion of the meeting focused on the University of Arkansas system, especially Fayetteville’s athletics funding and the broader impact of the House/NIL settlement. Chancellor Charles Robinson and system officials explained that the board had waived a longstanding campus transfer and directed the university to provide an additional $6 million to athletics, with some costs likely to be passed through to students but partially offset by existing budget growth. Members debated whether the university should prioritize academics or athletics, how the transfer originated, and whether the athletic changes would affect affordability. The committee also discussed the 1890 extension program at UAPB and the Division of Agriculture’s land-grant funding. UAPB officials said the state match is intended to be one-to-one, that the current recommendation aligns appropriation with actual spending, and that a $2 million set-aside remains available if needed. The Division of Agriculture later clarified that its Smith-Lever extension and Hatch research funds are part of the UA system’s separate budget and that the state matched about $6.2 million in federal extension funding last year. The committee then moved to the Department of Corrections. It approved G1, transferring 51 positions to the secretary’s office to activate a recidivism program, with an estimated cost of about $4 million. Staff then began walking through the department’s FY27 budget, noting an increase of about $8 million for administration and shared services, including a $170,000 sex-offender assessment appropriation moved under Act 723 of 2025 and roughly $6 million more for medical contracts. Questions on the Corrections budget had just begun when the transcript ended.

Transcript Highlights:

• Under the Office of Management and Budget, there are a few adjustments here.
• Under the Office of Management and Budget, there are a few adjustments here.
• They have a general construction manager already picked.
• Brian Maxwell, Director of Office Management Budget.
• There’s going to be, like, a secure entrance that they come in.

Summary: The committee met to finalize the FY27 bond bill, beginning with a roll call and a detailed review of updated appropriation amounts. The Comptroller General walked through major changes across agencies, including additions for OMB, the Department of State, DNREC, Agriculture, Education, and Transportation, and explained the funding sources that would cover the total $1.256 billion package. Members then debated several large items, especially the $110 million appropriation for the Diamond State Port Corporation, the $35 million Legislative Hall addition, the $20 million Community Reinvestment Fund, and the $30 million land and building acquisition line. Questions focused on the port project’s costs, expected jobs, return on investment, and whether the state would face future commitments; Secretary of State Charney Patitofunded Chances and other officials testified that the port expansion would create construction and permanent jobs and support long-term economic growth, while some members remained skeptical and objected to the process and spending priorities. The committee also discussed school construction funding, with officials explaining that additional money would forward-fund projects already in the pipeline and help districts that had been turned down for certificates of necessity. Other items reviewed included funding for park improvements, marina acquisition, the Plummer Center demolition and transfer, the Pyle Center sewer project, the Site Readiness Fund, affordable housing, the Arts Endowment Fund, an unclaimed property task force, and various transportation and community transportation projects. Several members raised concerns about county distribution, minority-party involvement in negotiations, and the scale of certain appropriations, but the majority defended the package as statewide investment and economic development. The committee then voted on the Section 1 addendum and a series of new and replacement epilogue sections, including provisions for the port project, Legislative Hall minor capital improvements, land acquisition, affordable housing, the Community Reinvestment Fund, downtown development districts, the Rite Aid demolition, the Site Readiness Fund, school construction formula review, and enhanced school capital funding. Most motions carried, with a few recorded no votes or abstentions on the main addendum. The meeting concluded with a motion authorizing technical corrections by the Comptroller General’s office, followed by closing remarks thanking staff and members for their work and noting that this was likely the final bond committee meeting for some participants before adjournment.

Transcript Highlights:

• The Division of Emergency Management at $170.6 million to provide for its operations.
• We're asking for seven to responsibly and securely manage our networks and all of the equipment and technology
• And last but not least, Director Kevin Guthrie, Division of Emergency Management.
• This is our Department of Emergency Management enterprise system, how we manage all of our grants.
• This is our Department of Emergency Management enterprise system, how we manage all of our grants.

Bills: S0048

Keywords: housing, accessory dwelling units, affordable housing, local government, zoning regulations, military families, density bonus, homeownership, property taxes

Summary: The Appropriations Committee on Transportation, Tourism, and Economic Development heard presentations on the Governor’s recommended budget for fiscal year 2026-27 and then considered one bill, CS/SB 48 on accessory dwelling units (ADUs). The Governor’s office outlined a $117.4 billion overall budget, with transportation and economic development receiving about $18 billion statewide and $601 million in general revenue. Agency heads then presented priorities for Commerce, Highway Safety and Motor Vehicles, Military Affairs, State, Transportation, Emergency Management, and the Florida State Guard, emphasizing workforce development, housing, tourism marketing, aviation and space infrastructure, law enforcement recruitment, emergency preparedness, and military readiness. In the Commerce presentation, Secretary Kelly highlighted funding for housing programs, the Hometown Heroes program, the Florida Job Growth Grant Fund, rural infrastructure and workforce grants, Reconnect and Florida WINS systems, law enforcement and firefighter recruitment bonuses, defense support, Visit Florida, Space Florida, and SelectFlorida. Senators asked about Visit Florida’s private match requirements and whether the agency fully leveraged prior appropriations; Visit Florida’s CEO said the match was met and exceeded, though it is difficult but important. The Highway Safety and Motor Vehicles presentation focused on trooper pay, pursuit vehicles, aviation assets, and enterprise data systems, with questions about immigration enforcement and body cameras. Military Affairs requested funding for readiness centers, training facilities, education and health benefits for Guardsmen, and maintenance of existing armories; members discussed Guard deployments, staffing levels, and a proposed firing range project. The Department of State requested funds for automated election audits, a conservation lab, and historic preservation, and defended its arts grant process and rule changes. Transportation’s budget emphasized a $14.3 billion work program, road and bridge maintenance, aviation and aerospace, safety initiatives, and seaport investments, while Emergency Management requested funding for preparedness, flood mitigation, WebEOC, grants management, and alert systems; senators also asked about the Alligator Alcatraz detention facility. For CS/SB 48, Senator Gates explained that the bill would require local governments to allow property owners to voluntarily create ADUs, while preserving local authority over setbacks, construction, and permitting. An amendment removed reusable tenant screening reports and clarified that conforming ADUs would be allowed by right without a separate hearing. The Florida Restaurant and Lodging Association supported the bill, saying ADUs could help provide long-term housing for service workers. After questions about local government and HOA authority, the committee adopted the amendment and then reported CS/SB 48 favorably by roll call vote.

Transcript Highlights:

• with our carbon smart Land Management with our carbon smart Land Management program program program
• c><00:29:24.080> that fund with the B Security emergency that fund with the B Security emergency
• Our fiscal is struggling to manage the microgrants for food security that was 560 contracts, because
• One of them could be a manager, a manager would be an EM position starting about 90, maybe 200.
• be<01:00:44.359> an<01:00:44.520> em be a manager a manager would be an em be a manager

Keywords: 912, senate, all

Summary: The Agriculture and Environment hearing on January 27, 2025, took up multiple measures, beginning with a proposed constitutional amendment, HB 559, to recognize a right to clean water and air, a healthful environment, climate, native ecosystems, and beaches. The Attorney General’s Office testified with concerns that the amendment’s broad language could create challenges for future legislatures and environmental enforcement, while the Climate Commission and DLNR supported it. Environmental and advocacy groups, including Climate Protectors Hawaii, 350 Hawaii, Greenpeace Hawaii, and others, strongly supported the measure, arguing it would strengthen decision-making and protect Hawaii’s natural resources. Committee members raised questions about how the amendment would interact with existing constitutional protections and recent litigation, and the AG’s office said the proposal could lead to broad judicial interpretation and possible liability issues. The hearing then moved on without a recorded vote on this bill. The committee next heard SB 552, which would establish a healthy soils program in the Department of Agriculture and require annual reporting and funding. The Climate Change Commission supported the bill, and the Department of Agriculture said it stood on its submitted testimony but noted existing commissions and the greenhouse gas sequestration task force already address similar objectives, suggesting SB 552 may duplicate current efforts. Agricultural and environmental advocates, including the Hawaii Farmers Union, Hawaii Farm Bureau, and others, supported the concept of a consolidated healthy soils program, saying it would better organize existing efforts, improve access for producers, and support conservation practices. The Agribusiness Development Corporation said it would support either DOA or ADC administering the program, and committee discussion focused on implementation, program overlap, and whether the bill should better integrate existing compost reimbursement and related efforts. The final measure discussed in the excerpt was SB 678, which would create an Agricultural Development Food Security Special Fund, dedicate a portion of the environmental response, energy, and food security tax to it, and appropriate funds equal to 3% of the state budget for agriculture. The Department of Agriculture strongly supported the bill, saying the funding would align with its goals and help support farmers and ranchers. The Tax Foundation of Hawaii and the Department of Budget and Finance raised concerns that the proposed special fund may not meet statutory criteria. Farm and industry groups generally supported the measure but suggested changes, including adding uses related to local food sourcing, distribution, and biosecurity. Committee members questioned the scale of the appropriation, noting it could amount to roughly $250 million and a major increase in DOA’s budget, and discussed whether the department could realistically implement such a large program. The hearing ended with testimony counts noted for the measures heard, and the chair indicated the committee would reconvene later for any unfinished business.

Transcript Highlights:

• Don't use the secure one because that is our webcast.
• Although municipal bonds are considered to be securities, they are exempt from most securities laws that
• So, the different kinds of security pledges, the NMFA has a number—basically every Type of security pledge
• Securities, the old Bank of America, Merrill Lynch.
• The underwriter, B of A Securities, will agree or disagree.

Transcript Highlights:

• and workplace security.
• Managing visitor access has shown me firsthand the importance of strong security measures.
• Thank you all. security throughout the entire building security throughout the entire building allow<
• She's our office manager.
• She's our office manager.

Keywords: 1183, house

Transcript Highlights:

• And ongoing care management services, $194 per month.
• Security, finding employment is likely to be even more challenging.
• I’m an older adult on Social Security disability income benefits.
• Social Security, Medicare, dependent on the state's health care, Social Security, Medicare, dependent
• My name is Walter Rohanian, and I am the managing director of the Grantham Group.

Keywords: 995, all

Summary: The committee heard testimony on several aging-related bills, with most speakers focusing on housing stability, home-based services, and care transitions. Representative Badger and a commissioner testified in support of H4039, which would create a universal breakfast and lunch program at senior centers funded through a new Senior Breakfast and Lunch Fund, arguing it would reduce food insecurity and social isolation among older adults. Representative Lipper-Garabedian and multiple providers then supported H780/S495, the hospital-to-home partnership program, describing how embedded aging-services liaisons help older patients transition safely from hospitals to home, reduce readmissions, and avoid nursing facility placement; witnesses from Mystic Valley Elder Services and Mass Aging Access cited pilot results, including hundreds of patients served and examples of substantial cost savings and successful discharge planning. The committee also took testimony on S478, which would require continuing care retirement communities to disclose entrance-fee refund policies more clearly at enrollment. Senator Lovely and LeadingAge Massachusetts said the bill would improve transparency for residents and families, while a consumer witness said her family experienced delays and confusion in getting a refund after her mother left a CCRC. Members noted the issue is also being examined by a special commission on CCRCs. A large portion of the hearing focused on S475, a statewide bridge subsidy program for older adults facing housing instability. Advocates from the Massachusetts Coalition for the Homeless, Western Massachusetts, Somerville, Northampton, East Hampton, Old Colony Elder Services, and Somerville’s Office of Housing Stability described rising senior homelessness, long waitlists for subsidized housing, and cases where short-term rental assistance kept older adults housed while they waited for permanent housing. Somerville witnesses said the pilot program helped nine households remain housed and that some participants have since moved into permanent housing. Members asked about wait times, program design, and how to prioritize applicants; witnesses emphasized flexibility, emergency risk, and the need for a statewide expansion. The hearing also included testimony on S465, an ALS bill that would expand home care access regardless of age and bar the use of quality-adjusted life-year metrics in coverage decisions, with the sponsor and ALS Association arguing the measure would reduce discriminatory treatment and better center patient care. No votes were taken during the hearing.

Transcript Highlights:

• The fund would be managed by conditions.
• <00:31:48.559> the substantial interest in securing the substantial interest in securing the
• , and protecting Vermont's food security, and protecting Vermont's food security, rural<00:32:04.640
• The subchapter security special fund.
• <00:41:26.480> and<00:41:26.800> before after food security and before after food security

Keywords: 926, house, all

Summary: The House opened with devotional remarks from Representative Greer focused on perspective, kindness, and the idea that people “earn” respect and love through shared humanity. After that, the chamber suspended rules to introduce 17 House bills by number only, and adopted JRS 3 in concurrence, setting a joint assembly for Tuesday, January 20, 2026 at 1:00 p.m. to receive the governor’s budget message. Several announcements followed, including birthday wishes, a note about the new federal whole milk for schools law, guest introductions, and caucus notices. The House also approved committee transfers for H.393, an act relating to the prohibition of requiring face masks in schools, moving it from Education to Healthcare, and H.334, an act relating to limiting employer restrictions on individuals separating from employment, moving it from General and Housing to Commerce and Economic Development. The chamber then took up H.649 on captive insurance companies. The Commerce and Economic Development Committee explained that the bill, based on Department of Financial Regulation proposals, would prohibit risk retention groups from lending to or investing in members or affiliates, require annual and quarterly filings in NAIC form with a jurat page and actuarial certificate, and create new filing requirements for sponsored captive protected cells. The committee reported unanimous support, and the House amended the bill and ordered third reading. The House next considered S.60, establishing a Farm Security Special Fund. The Agriculture, Food Resiliency, and Forestry Committee and Appropriations described the bill as a response to repeated weather-related losses affecting farms and forestry operations, including flooding, freezes, drought, and other extreme events. The House version adds forestry and changes assistance from grants to payments to make aid faster and less cumbersome. The program would be administered by the Agency of Agriculture, Food and Markets, with a review board and payments of up to 50% of uncovered losses, capped at 5% of annual appropriations and $150,000 per application. The committee testimony emphasized the need for a permanent, predictable state relief mechanism, and the bill was advanced with strong support.

Transcript Highlights:

• We'll start where we left off on border security.
• And this particular grant program supports physical security enhancements and other security activities
• , financial reporting, and information security.
• So first is Social Security.
• I live simply, so I manage on my fixed income.

Keywords: 1184, house, all

Transcript Highlights:

• To my left is Shawna Murphy, she is our finance manager.
• agencies, and the security guard investigator bell enforcer schools.
• General counsel here, she's implemented a case management system called Cleo to better manage our legal
• And then secured property maintenance.
• Also, I just wanted to highlight our security upgrades.

Keywords: 914, all

Transcript Highlights:

• Challenges in border security, water crisis, affordability crisis, cybersecurity, some oil and gas concerns
• Refer to the Committee on Homeland Security, Public Safety and Veterans Affairs, HB 2607 by Wharton,
• relating to the terms of the members of the Board of Ho Managers and leasing Authority of the Walker
• Committee on Homeland Security, Public Safety, and Veterans Affairs, HB 2657 by Hopper Ridling to the
• HB 2750 by Harris relating to the use of pharmacy benefit manager in which health benefit issuer has

Transcript Highlights:

• 6.2% toward their Social Security.
• And like I said, we're going to have to manage that. Till about the mid-2030s.
• Chair, can you tell me what your term 'manage' means? Holding on my finger.
• They don't get a Social Security benefit unless they return to work after.
• Thank you, Manager.

Transcript Highlights:

• Office of Risk Management.
• Item number one, cloud maintenance and security funding was adopted at $38,000.
• Item number 12, cyber security. Security and privacy resources was adopted at $1.6 million.
• The position for one fleet manager was adopted at 116,000.
• Moving on to page 30 under item number five improved cyber security capabilities.

Bills: SB 1

Keywords: campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• Management endowments: some of our state partners, specifically WDFW, are interested in holding management
• This could lead to more efficiencies in resource management funding.
• Specifically, WFW are interested in holding management endowments.
• This could lead to more efficiencies in resource management funding.
• We've had to make some management decisions on how best to do that.

Summary: The Joint Committee on Military and Veterans Affairs heard presentations on several military and veterans-related topics. Dr. Dan Calvert briefed the committee on the JBLM Sentinel Landscape Partnership, explaining its voluntary conservation work to reduce encroachment around the base by protecting prairie habitat, supporting agriculture, and managing sensitive species. He described REPI funding, recent and proposed projects, and possible policy support such as state designation, dedicated funding, management endowments, prescribed fire flexibility, and water-right transfer tools. Members asked about seed sourcing, the distinction between natural-resource encroachment and development-related encroachment, and the impact of federal REPI staffing cuts. David Puente of the Washington State Department of Veterans Affairs updated the committee on plans for a new state veterans cemetery in the Tri-Cities area and a replacement Spokane Veterans Home. He said the cemetery project has two candidate sites near Richland/West Richland, with pre-design funded by the legislature and a future request expected for land purchase and construction; he also noted the current cemetery funding source is limited and would not support a second cemetery without additional state operating funds. On the Spokane home, he described the current facility’s limitations and said the replacement would be a 120-bed, small-house model on a larger site, with the VA expected to cover 65% of construction costs if the state provides the match. He also reviewed agency budget reductions, including vacant positions, reduced outreach, cuts to counseling and wellness funding, and reduced support for veterans service organizations. Blue Star Families’ Puget Sound chapter also presented on its programs for military-connected families, including Coffee Connects, a children’s book club, outdoor programming, career support, and Blue Star Welcome Week. The group said it is expanding beyond the South Sound and is using local outposts and online networks to reach more families, while also helping with food insecurity through grocery gift cards and partnerships with local nonprofits. Committee members discussed the need to expand the organization statewide and the ongoing food-security challenges facing military families. During the final discussion on potential legislation, members raised ideas including restoring Washington National Guard retention efforts, expanding E-CAP eligibility to military families, revisiting the composition of the Veterans Affairs Advisory Committee, and addressing veterans’ preference issues for service members who have not yet received a DD-214. The committee did not take any formal votes or actions, but members and presenters discussed future policy and budget requests, and the chairs thanked the presenters and staff before adjourning.

Transcript Highlights:

• individual housing projects uh secure individual housing projects uh secure needed<00:37:12.240>
• homelessness and housing in security homelessness and housing in security strategies<00:40:52.880
• <00:59:27.440> a house file 461 to help us secure a house file 461 to help us secure a brighter
• management and real company that manages management and real company that manages nearly<01:10:24.719
• <01:38:30.880> a<01:38:31.080> financially have and manage a financially have and manage

Bills: HF1143, HF1548, HF1340, HF2549, HF2559, HF1673, HF2740, HF2507, HF2461, HF2381, HF2695

Keywords: education funding, unemployment aid, special education, Minnesota statutes, appropriations, housing, redevelopment, local government, trust funds, community development, HF1340, housing infrastructure bonds, Minnesota Housing Finance Agency, MHFA, affordable housing, supportive housing, permanent housing, adaptive reuse, area median income, AMI

Transcript Highlights:

• I'm the managing partner of Momentum Capital Funding.
• And Hilltop Securities Asset Management, LLC, and you're testifying against the bill, is that correct
• Securities Asset Management, where I head the Municipal Cash Management Division.
• Consistency and security provided.
• Again, we also have to talk about security. These rails are secure.

Bills: HB245, HB700, HB2783, HB3526, HB3900, HB4061, HB4124, HB4166, HB4395, HB4534, HB4609, HB4641, HB4736, HB4738, HB4739, HB4945, HB5015, HJR175, HB245

Keywords: military service, retirement, law enforcement, custodial officer, Employees Retirement System, commercial financing, brokers, registration, disclosures, finance, consumer protection, fees, deferred compensation, automatic participation, county employees, payroll deductions, retirement plans, fiscal transparency, local government, bond issuance

Transcript Highlights:

• And our company's management team have developed a number of those over the years.
• , our fire department, but the county sheriffs and county emergency management.
• You know, you talked about Senator about the security issue.
• So there are some attendance and security items and then some logistical items.
• There are some attendance and security items and then some logistical items.

Summary: The Advanced Nuclear Energy Committee met to hear a series of presentations on the economics, financing, workforce, and community impacts of advanced nuclear deployment in North Dakota. William Bridge of Nucleon Energy presented the committee’s economic impacts and private-sector financing report, estimating construction and operating job impacts, local spending, and state/local tax effects for hypothetical SMR projects. He said the report assumes first-of-a-kind costs are still high, used a $6 million per megawatt nth-of-a-kind proxy, and estimated peak construction workforces of about 500 for a 200-MW plant and 1,000 for a larger facility, with roughly 100 operating jobs for a 200-MW plant. Committee members questioned security costs, capital cost assumptions, water and transmission siting constraints, and whether the model included fuel and waste; Bridge said the report included initial fuel in capital cost and that waste disposal is funded through existing federal mechanisms. Lori Brady of the Nuclear Energy Institute then outlined national nuclear workforce needs and NEI’s strategic workforce planning efforts. She described declining labor-force participation, retirements, and the need for a much larger future workforce, and said NEI has organized recommendations around career awareness, pipelines, training and qualification, policy support, retention, and nontraditional recruitment. She highlighted tools such as the Nuclear Works career website, the Nuclear Energy Academic Roadmap, the new federal Energy and Natural Resources career cluster, and the Nuclear Uniform Curriculum Program for community colleges. Members asked about AI, timing for training relative to plant development, and whether advanced manufacturing would reduce staffing needs; Brady said AI is not expected to replace workers and that training timelines depend on the specific project and staffing plan. The committee also heard from Gary Yaco, mayor of Red Wing, Minnesota, who described Prairie Island’s role in his community. He said the plant provides a large share of local property tax revenue, supports well-paid jobs, contributes to emergency preparedness funding and training, and is broadly supported by the city despite periodic protests and public concerns. He emphasized the plant’s security, regular drills with local and federal responders, and the absence of problems with dry cask storage. Later, Benton Arnett of NEI discussed the current financing landscape for advanced nuclear, explaining how tax credits, federal loan support, off-take agreements, and new business models are helping projects move forward. He said early projects face high upfront costs and long lead-time procurement, but that investor confidence is improving as federal policy and regulatory streamlining continue. The committee asked about waste funding, comparisons with natural gas, the effect of political shifts on investor confidence, and whether the market will narrow to a few winning technologies; Arnett said the industry is still sorting that out, but expects clearer winners in the late 2020s and early 2030s. The meeting concluded with an introductory presentation from Julie Kazeraki of DOE’s Office of Energy Dominance Financing, who said the office is focused on accelerating nuclear deployment through financing support.

Transcript Highlights:

• Regarding security and fraud concerns, the bill requires Florida to use industry-leading security measures
• It's secure. And most importantly, it's globally recognized now.
• I've been in the wealth management field since I got out of college.
• It is a secure platform for now. AI is a new scare, right?
• How do we manage hacking?

Summary: The Insurance and Banking Committee met with a quorum and heard three bills. HB 487 would authorize the CFO and State Board of Administration to invest up to 10% of certain state funds in Bitcoin, require specified custody methods, allow Bitcoin lending under rule, and create a process for accepting taxes and fees in Bitcoin. The sponsor and several proponents argued it would diversify state investments, hedge inflation, and position Florida as a leader in digital assets. Members raised concerns about volatility, security, valuation, and whether Bitcoin was being singled out over other cryptocurrencies, but the bill was reported favorably after debate and a roll call vote. The committee then considered HB 7011, an Open Government Sunset Review measure for records of insolvent insurers. The bill would continue some exemptions but make additional records public, including underwriting files, risk-solvency assessments, corporate governance annual disclosures, and the names, benefits, and compensation of insurance executive officers. There was no public testimony, and members discussed privacy and safety concerns, but the bill passed and was reported favorably. Finally, the committee heard HB 1433 on hurricane mitigation grants and insurer regulation. The bill would tighten restrictions on former executives of failed insurers, raise capital requirements for new insurers, and require mitigation credits when homeowners receive Safe Florida Home funds. An amendment was adopted to require a licensed person to make final claim-denial decisions when AI or automation is used and to prioritize filings that lower rates. Consumer advocates supported the transparency and consumer protections, while industry representatives urged caution on the AI provisions. After debate, the amended bill was reported favorably. The meeting ended with closing remarks from the ranking member, vice chair, and chair reflecting on the committee’s work and likely final meeting of the term.

Transcript Highlights:

• <00:20:06.880> which<00:20:07.120> is manager of that committee which is manager of
• Workforce management.
• <00:35:01.280> Accounting capital management. Accounting capital management.
• the requirements of a well-managed fund. the requirements of a well-managed fund.
• about a security uh as far as security about a security uh as far as security within<05:22:44.638

Keywords: 1189, house, all