Video & Transcript Research : 'liability reduction'

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CA

California 2025-2026 Regular Session

Assembly Floor Session Jan 23rd, 2025

California House Floor Meeting

Transcript Highlights:
  • humbly ask that you approve this amendment that I'm submitting to add $1 billion of funding to fuel reduction
  • The $200 million baseline of fuel reduction that we've been doing, that was established before Paradise
  • Over the last five years, we've funded about 2.5 billion in fuel reduction projects.
  • Right now, today, the Congress in D.C. is passing a bipartisan bill to streamline fuel reduction projects
  • And I wanted to rise in part to support what our minority leader was saying about fuel reduction.
Keywords: 988, house, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on the Judiciary Jun 21st, 2026 at 01:00 pm

Joint Committee on the Judiciary

Transcript Highlights:
  • This bill would also allow police or firefighters to be able, without the possibility of liability, to
  • Right now, when no one's there, they are subject to potential civil liability for taking the child out
  • For example, states with minimal barriers to expungement show significant reductions in recidivism, or
  • also meaning significant reductions in violence, and increased college graduation rates and incomes
  • Many were fired for refusing a brand-new, liability-free product.
Keywords: 995, all
Summary: The committee hearing began with opening remarks from the House and Senate chairs outlining procedures for a large public hearing with more than 100 witnesses on 64 legislative proposals. They explained time limits, rules for in-person and virtual testimony, written testimony procedures, and the committee’s reporting deadline. Testimony then moved through a series of juvenile justice, child protection, and civil liberties bills, with witnesses generally urging favorable reports or, in one case, opposing expanded juvenile court transparency and child advocate access to records. Several witnesses supported bills aimed at juvenile justice reform. Representative Hendricks backed H. 1744 to prevent child labor exploitation and trafficking, citing federal findings of child labor in seafood processing and calling for stronger penalties and a ban on minors working in such facilities. Senator Gomez supported S. 1131 and S. 1121 to reduce juvenile fees, fines, restitution burdens, and bail-related costs, arguing they worsen racial and economic disparities. Senator Crean and other advocates supported S. 1051/H. 1695 to expand juvenile diversion eligibility, while multiple witnesses from juvenile justice and immigrant advocacy groups supported H. 1657/S. 1058 to expand juvenile expungement and to limit sharing juvenile fingerprints with federal authorities, describing recent ICE detentions of Chelsea students and the resulting fear in immigrant communities. Witnesses also supported H. 1918/S. 1240 to narrow the youthful offender statute, raising the minimum age and reducing mandatory adult-style penalties for youth. The committee also heard testimony on child safety and bodily autonomy bills. Middlesex District Attorney Marion Ryan supported H. 1752 to protect children left in extreme temperatures, explaining it would create civil penalties, allow emergency responders to remove children from cars without liability, and add criminal penalties when serious injury results. Representative Thurber and Senator O’Connor testified for H. 2011/S. 1227, a bill prohibiting coercion or mandates for health-related interventions, including vaccinations, and allowing legal remedies for violations. Senator Jalen supported S. 1136/H. 1847 to prevent false confessions by requiring recording of interrogations and banning deceptive tactics, and several innocence-project and legal-services witnesses described wrongful convictions tied to false confessions and coercive interrogations. Another major topic was H. 1626, which would require age verification for pornographic content and launch an education campaign about online sexual exploitation; Representative Cruz and survivor Udoz Wallace testified in support, describing nonconsensual image sharing and deepfake harms. Not all testimony was supportive. The Committee for Public Counsel Services opposed S. 1035, which would increase transparency in juvenile court proceedings, and H. 1689, which would expand the child advocate’s access to confidential juvenile records, arguing both would undermine privacy and trauma-informed protections for children and families. No votes or formal committee actions were taken during the portion of the hearing provided; the session consisted of opening remarks and public testimony on the listed bills.
TX

Texas 89th 2nd C.S.

Senate Session Apr 3rd, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • Senate Bill 2509 by Hinojosa, relating to vicarious liability for certain medical care, to State Affairs
  • Senate Bill 2509 by Hinojosa, relating to vicarious liability for certain medical care, to State Affairs
  • Senate Bill 2620 by Creighton, relating to the civil liability of certain businesses in connection with
  • Senate Bill 2682 by Hinojosa of Hidalgo, relating to civil liability for online impersonation, to State
  • (questionable), relating to damage liability for a collision with a motorist who failed to establish
Summary: The Senate convened with a quorum, heard an invocation, and adopted the previous day’s journal. Members then adopted Senate Resolution 358 honoring the University of Texas Rio Grande Valley on its 10th anniversary, with remarks highlighting UTRGV’s growth, degree production, research expansion, medical school, and role in serving the Rio Grande Valley and South Texas. The chamber also recognized the doctor of the day and adopted additional resolutions, including one for Denton County Days at the Capitol and another recognizing Texas HBCU Day. The Senate gave extensive recognition to outgoing Texas A&M University System Chancellor John Sharp through Senate Resolution 368. Senators from both parties praised his long public career, leadership of the A&M System, support for regional universities, and bipartisan approach. The resolution was adopted after multiple members added their names. The chamber also heard from advocates with the Texas Streets Coalition, and received gubernatorial nominations for the State Board of Examiners of Professional Counselors and the Texas Commission on Fire Protection. On legislation, the Senate passed several major bills. Committee Substitute Senate Bill 27, relating to rights and support for public school educators, was debated and amended to address teacher vacancies, bilingual certification testing, paid leave options, classroom removals, and appeal rights, then passed unanimously. Senate Joint Resolution 12, proposing a constitutional amendment on parents’ right to direct a child’s education, advanced on a 22-9 vote. Committee Substitute Senate Bill 1741, aimed at preventing foreign influence and intellectual property theft at public institutions of higher education, passed unanimously. Committee Substitute Senate Bill 29, the business entities bill, also passed after debate over corporate governance and shareholder protections. Senate Bill 857, authorizing law enforcement to tow certain vehicles driven by unlicensed or uninsured drivers, passed despite some concern about towing abuses during disasters. The Senate also took up Committee Substitute Senate Bill 1536 on dementia and Alzheimer’s training for certain guardians, but the transcript ends as that bill is being laid out.
NH

New Hampshire 2025 Regular Session

House Finance Division I (02/05/2025)

Transcript Highlights:
  • <01:02:51.880> industrial reduction industrial reduction industrial pre-treatment<01:02:55.000
  • The reduction in caseloads is very impressive.
  • The reduction in caseloads is very impressive.
  • Yeah, there's a big reduction. The Hampshire should be proud.
  • We are also doing harm reduction, and that harm reduction, uh, through the same pilot, providing people
Keywords: 928, house, all
Summary: The committee heard an overview from the Agriculture Commissioner on the department’s major divisions and staffing. He described the Office of the Commissioner, Agricultural Development, Pesticides, Regulatory Services, Weights and Measures, Animal Industry, Plant Industry, and Soil Conservation, noting that many programs are federally funded or supported by dedicated fees and fines. He said the department has 44 full-time positions plus one DoIT employee shared with other agencies, and that HR services are now contracted through Administrative Services. He also explained that Soil Conservation is administratively attached to the department and funded through Moose Plate grants and county contributions, not direct state funding. Members asked about specific program functions and issues, including weights and measures inspections, animal health, bird flu response, internships, invasive species, and the Big E/New Hampshire building. The commissioner said weights and measures covers nearly all commercial measuring devices and products sold by weight, and that inspectors are currently part-time police officers, though the department is discussing removing that requirement. He said the department is actively involved in bird flu monitoring, including regular calls with USDA and the state veterinarian and collecting milk samples from dairy farms. On invasive species, he focused on Japanese knotweed and bittersweet, saying the department has only one staff person working on the issue, mainly as a coordinator with DOT and towns, and that eradication is extremely difficult. He also said the department does not run student internships and refers inquiries to UNH Cooperative Extension. The committee discussed budget and revenue issues, including three new general fund positions, one of which is the assistant commissioner and another a biological scientist for invasive species. The commissioner said the department had been in “triage mode,” that an assistant commissioner was needed because of workload, and that the department is a net positive to the General Fund each year. He said some fees and fines have not been updated in decades and would require legislation to change, including a proposed $5 fee for each animal database certificate to help fund a system that costs about $250,000 annually to maintain. In response to questions about budget reductions, he said the department protected personnel, reduced the cost-of-care fund, fair grants, and land preservation funding to about $25,000 each, and did not plan to buy new vehicles or computers. He also said he could not support including the $50,000 Conservation District resilience grant program in his budget under the current reduction targets, though he remained hopeful it might be funded another way.
NH

New Hampshire 2026 Regular Session

House Ways and Means (01/12/2026) (Full Stream)

Ways and Means

Transcript Highlights:
  • <00:18:32.160> that Um when you mentioned the reduction that Um when you mentioned the reduction
  • >> there there is some some reduction in >> there there is some some reduction in health
  • Because they do not want the liability for tenants in there.
  • <02:46:14.479> in<02:46:14.640> salt years due to reductions in salt years due to reductions
  • them also have limited liability them also have limited liability protection<02:46:22.720> for
Keywords: 928, house, all
Summary: The committee heard testimony on House Bill 1596, which would raise New Hampshire’s cigarette excise tax from $1.78 per pack to about $2.80, using an inflation-based adjustment since the rate was last set in 2008. Representative Jerry Stringham, the bill’s sponsor, said the measure would keep New Hampshire competitive with neighboring states, generate revenue, and help offset other budget pressures. He also described the bill as repealing an income-based premium charge in Medicaid/CHIP-related programs and restoring cuts to the University System of New Hampshire, arguing that the combined package would still leave the state in a positive fiscal position. He said the tobacco tax increase would likely have some cessation effect but would remain low relative to other New England states, and he cited prior testimony from health groups supporting a larger increase. Members questioned the sponsor about how the new rate was calculated, the prior tobacco tax reduction and restoration, whether tobacco companies would absorb or pass on the tax, and the fiscal note’s estimates for Medicaid premium revenue and UNH funding. Stringham said he used Bureau of Labor Statistics inflation data, that the earlier 10-cent reduction did not produce the expected sales increase, and that the current bill would eliminate the premium charges now in the budget. He later clarified that the Department of Medicaid Services had updated the revenue estimate, but said the bill still showed a surplus overall. He also said the federal government already imposes a $1-per-pack tax and that New Hampshire would remain below neighboring states even after the increase. Two public witnesses testified in opposition to the tax increase. Anna Bettincourt, a tobacco category manager, argued that higher tobacco taxes would unfairly target smokers, reduce New Hampshire’s tax advantage, and likely shift purchases to other states or illicit markets rather than reduce use. She said tobacco companies generally do not lower prices and that Massachusetts’ flavor restrictions had not eliminated sales. In response to questions, she maintained that a smaller increase would still be harmful and that enforcement problems make bans ineffective. The sponsor and some members countered that smokers impose higher health costs and that tobacco taxes are a policy tool for both revenue and public health. No vote or final committee action was taken in the portion of the meeting provided.
ND

North Dakota 2025-2026 Regular Session

Senate Floor Session Apr 2nd, 2025 at 12:30 pm

North Dakota Senate Floor Meeting

Transcript Highlights:
  • Any reduction considered on this part of the K-12 funding formula must then be used by the district for
  • in committee is this, that the coal industry would have to pay 50% of their coal conversion tax liability
  • associated with the defined benefits. ...pay down the pension liability associated with the defined
  • House Bill 1040 committed to paying the $1.9 billion liability by 2056.
  • ADEC is the rate we need to charge the applicable employers to pay off the unfunded liability in 30 and
Keywords: 908, all
Summary: The Senate convened with prayer, pledge, roll call, and a quorum present, then approved a motion to lay over House Bill 1525 for one legislative day. It also voted not to concur with House amendments on Senate Bills 2294, 2297, 2070, 4017, and 2262, appointing conference committees for each. The chamber then took up a series of House bill amendments and final-passage votes. On amendments, the Senate adopted changes to House Bill 1229 on fleeing law enforcement and driving-record transparency after debate over insurance impacts and public safety; House Bill 1510 on teacher retention, on-site child care, and licensure study language; House Bill 1160 to restrict student personal electronic devices during instructional time; House Bill 1429 to address drone harassment and stalking of animals; House Bill 1203 to harmonize medical marijuana provisions; House Bill 1600 to create a UND immigration clinic with reporting requirements; House Bill 1130 to broaden K-12 funding formula changes and reduce state fiscal impact; House Bill 1279 to modify the coal conversion tax exemption; House Bill 1442 to adjust membership and scope of a state task force; and House Bill 1464 to convert a maternal care services proposal into a study and remove the appropriation. The Senate rejected an amendment to House Bill 1022 concerning the Retirement and Investment Office bonus program, then passed the bill. It also passed House Bill 1234 on a $90 million transfer to reduce PERS liability, while rejecting a floor amendment to it. On final passage, the Senate passed House Bills 1008 (Public Service Commission budget), 1218 (temporary moratorium and study on economic analysis for drain projects), 1234 (PERS funding transfer), 1146 (PERS defined contribution cleanup and emergency clause), 1355 (expanded notice for administrative rulemaking), 1470 (Game and Fish fee changes and guide/outfitter updates), 1029 (Capital Grounds Planning Commission duties), 1017 (Game and Fish budget), 1374 (township supervisor open-meeting exemption for on-site inspections), and 1064 (NC-SARA membership and distance education regulation). It defeated House Bill 1583 on false political advertisements with civil-action language and House Bill 1393 on earned wage access provider regulation. The transcript ends as the Senate begins consideration of House Bill 1326 on self-defense and unlawful firearm possession by felons.
CA

California 2025-2026 Regular Session

Senate Energy, Utilities and Communications Committee Jun 24th, 2026

Energy, Utilities and Communications

Transcript Highlights:
  • is a program that collects money but does not produce the efficiency projects or the emissions reductions
  • is a program that collects money but does not produce the efficiency projects or the emissions reductions
  • investment needed to modernize and harden California's electric grid through 2045, even modest reductions
  • California's electric grid through 2045, even modest reductions in equipment costs can translate into
  • This study would not consider the potentially severe economic liability to our state from reactor accidents
Keywords: 987, senate, all
KY

Kentucky 2026 Regular Session

Interim Joint Committee on Judiciary (7-2-26)

Judiciary

Transcript Highlights:
  • <00:12:25.680> for having personal criminal liability for having personal criminal liability
  • if it could spread 132 miles or 130 miles, as the senator pointed out, what would the potential liability
  • 31:06.799> would<00:31:07.039> the<00:31:07.279> potential<00:31:07.600> liability
  • <00:31:08.159> be<00:31:08.320> if >> what would the potential liability be if
  • <00:53:54.720> in<00:53:55.040> contraband<00:53:56.160> uh a massive reduction
Bills: HB60
NH

New Hampshire 2026 Regular Session

House Session (02/12/2026)

New Hampshire House Floor Meeting

Transcript Highlights:
  • further verify the benefits of reduction further verify the benefits of reduction incomebased<03
  • instituted and the timing of reductions instituted and the timing of reductions to<03:34:40.640>
  • <03:52:15.840> in has made possible a 99% reduction in has made possible a 99% reduction in
  • <04:08:38.640> from<04:08:39.120> dissatisfied liability from dissatisfied liability from
  • Speaker. stated in the bill for reduction of stated in the bill for reduction of municipal<05:59:33.680
Keywords: 1189, house, all
TX

Texas 89th Regular

89th Legislative Session May 25th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • any challenges to the lawsuit, it is the state that defends and pays kind of attorneys' fees and liability
Bills: SB835, SB3070, SB22, SJR59, SB926, SB1494, SB251, SB456, SB500, SB1307, SB2615, SB2995, SB2321, SB973, SB974, SB865, SB506, SB781, SB1522, SB1558, SB510, SB667, SB763, SB2073, SB1858, SB1660, SB505, SB2900, SB1433, SB1540, SB1964, SB1300, SB1644, SB2217, SB2373, SB2431, SB1758, SB2480, SB3039, SB3047, SB3073, SB2920, SB2781, SB826, SB766, SB2460, SB527, SB1946, SB2885, SB1243, SB2610, SB2595, SB857, SB37, SB8, SB10, SB227, SB261, SB12, SB15, SJR27, SB552, SB835, SB3070, SB22, SJR59, SB25, SB57, SB127, SB293, SB441, SB3059, SB512, SB241, SB1718, SB140, SB2055, SB2075, SB2018, SB1534, SB1567, SB785, SB1233, SB1580, SB1663, SB413, SB447, SB519, SB467, SB1579, SB1191, SB1021, SB1838, SB2807, SB2835, SB546, SB2121, SB2167, SB2035, SB2024, SB1032, SB1049, SB1266, SB1400, SB1302, SB401, SB1596, SB1281, SB1242, SB1343, SB310, SB1346, SB2753, SB2703, SB2221, SB1719, SB2177, SB800, SB790, SB748, SB571, SB1957, SB1923, SB1896, SB1760, SB1335, SB2368, SB2477, SB2587, SB2972, SB2986, SB2965, SB1563, SB1467, SB1164, SB1137, SB614, SB705, SB961, SB918, SB955, SB869, SB850, SB863, SB1610, SB1055, SB2206, SB457, SB2337, SB1362, SB926, SB1494, SB251, SB456, SB500, SB1307, SB2615, SB2995, SB2321, SB973, SB974, SB865, SB506, SB781, SB1522, SB1558, SB510, SB667, SB763, SB2073, SB1858, SB1660, SB505, SB2900, SB1433, SB1540, SB1964, SB1300, SB1644, SB2217, SB2373, SB2431, SB1758, SB2480, SB3039, SB3047, SB3073, SB2920, SB2781, SB826, SB766, SB2460, SB527, SB1946, SB2885, SB1243, SB2610, SB2595, SB857, SCR9, HB5560, HB762, HB 107, HB 114, HB300, HB138, HB4386, HB2495, HB581, HB3348, HB5323
HI

Hawaii 2025 Regular Session

WAM-JDC, WAM, WAM, WAM DEFER Public Hearings 02-27-2025

Ways and Means

Transcript Highlights:
  • 00:11:09.279> limiting<00:11:09.639> the ...and Harbor Special Fund by limiting the reduction
  • Remove the option for the contributors to receive payments from the Wildfire Liability Trust Fund for
  • utilities to participate in the wild utilities to participate in the wild fire<00:14:46.040> liability
  • trust<00:14:46.800> fund<00:14:47.040> using<00:14:47.320> language fire liability
  • trust fund using language fire liability trust fund using language from<00:14:47.880> SB from
Keywords: 912, senate, all
Summary: The joint Ways and Means and Judiciary committee met in decision-making mode and took up a long list of measures, mostly recommending passage with or without amendments. Early actions included S.B. 414, which was amended to blank the appropriation, draw funds from the major disaster fund, and change the effective date to 2050, and S.B. 223, which would require fire breaks in hazardous fire areas and create or expand wildland fire prevention and protection programs with blank appropriations for FY 2026 and 2027. The committee also advanced S.B. 1009 on state reserve parking space enforcement, S.B. 1149 on reported hate crime definitions and reporting, S.B. 402 on mooring-line requirements for certain vessels, S.B. 1441 on the Oahu regional health care system transfer, S.B. 1442 on child and adolescent mental health responsibilities, S.B. 1478 on harbor evacuation orders, and S.B. 493 on written notice for emotional support animal sales or verifications. Members generally raised little opposition, and most measures were adopted without reservations. Some bills drew brief discussion or committee-report notes, including S.B. 1149, which referenced a Hawaii Civil Rights Commission report encouraging policy-level hate crime data reporting, and S.B. 1442, which was amended with a far-future effective date and a committee-report note about whether mental health services should be expressly subject to funding. S.B. 1441 was substantially revised to require a memorandum of agreement between the Oahu Regional Health Care System and the Department of Health by November 30, 2025, with patient care to begin by December 31, 2025, and a report to the legislature before the 2026 session. The committee also considered several finance and energy-related measures. S.B. 897 on the wildfire liability trust fund prompted questions about whether costs would be passed to consumers; the response was that the proposal contemplated cost sharing and that some amounts were still blank. S.B. 1395 and S.B. 1396 were amended to remove special-fund structures, direct revenues into the general fund, and require the governor to include equivalent amounts in the executive budget for climate-related projects. S.B. 501 was amended to expand step-in agreement provisions for future PPAs and establish a fund outside the State Treasury, and S.B. 1589 was amended so private donations to the stadium authority would go into the NID special fund for stadium infrastructure and sod, with members discussing accountability and the source of stadium-related consultant spending. The committee adopted the recommendations on all measures considered, with some members noting reservations on a few bills, and one item, S.B. 1418, was deferred.
WA

Washington 2025-2026 Regular Session

House Housing Dec 4th, 2025

Transcript Highlights:
  • Changes to liability reform. You all may remember some of those a couple of sessions ago.
  • So there's this intersection of reduction of blight and crime and also putting, like, community assets
  • supportive housing, temporary housing, emergency housing, permanent supportive housing; the condo liability
  • help draft leases and really appreciating the lack of knowledge, both from a responsibility and a liability
  • innovative models of combining long-term care and the area agencies on aging to remove some of the liability
Summary: The committee met for work sessions on land banking/shared homeownership and on maximizing existing housing stock. Members first heard an overview from Commerce on alternative homeownership models, including community land trusts, limited equity cooperatives, condominiums, accessory dwelling units, middle housing, church land for housing, and public land transfers. The discussion focused on how these models can help households build equity while keeping housing permanently affordable. Committee members asked about statewide counts of co-ops and land trusts, and Commerce said it does not track all of those entities directly. Pierce County staff then described the Pierce County Community Development Corporation’s rapid acquisition fund and its role in acquiring, holding, and transferring public land for affordable housing. They said the county used general fund and affordable housing sales tax dollars to buy properties, preserve a manufactured home park through resident ownership, and create a pipeline of sites for future development. Members asked about the advantages of a public development authority, funding sources, the use of surplus and underutilized public property, and how the model works with housing authorities. Spokane land bank staff followed with testimony that land banks can reduce blight, preserve affordability, and help nonprofits acquire land quickly, but that holding costs and taxes can make the work harder without state support. They also described brownfield assessments, donated properties, and work on Black homeownership and public surplus properties. The committee then heard from the Northwest Cooperative Development Center on limited equity cooperatives, especially in manufactured housing communities. The witness said Washington now has about 43 limited equity co-ops and that recent subsidy funding and legislation have accelerated resident purchases of manufactured home communities. Members asked how residents benefit from capped equity, how values are affected, and whether the model improves access to lending; the witness said the model stabilizes costs, allows modest equity gains, and that a recent law allowing manufactured homes in co-ops to be titled as real property should improve access to traditional financing. The committee also discussed House Bill 1974 from the prior session and possible updates to land banking legislation. In the second work session on maximizing existing housing stock, Commerce reviewed recent housing laws and implementation timelines, including ADUs, middle housing, condo liability reform, SEPA changes, tiny homes, and co-living. Members raised concerns about the long implementation horizon, vacancy data, corporate ownership of homes, and the need for better support for small landlords and first-time ADU owners. Sightline then testified on mobile dwelling units, arguing that RVs, tiny houses on wheels, and similar units are a low-cost, quick-to-install housing option that is often blocked by zoning; the witness said many Washington residents already live in these units, often informally. Finally, AARP discussed housing options for older adults, including ADUs, missing middle, manufactured home communities, co-living, universal design, and village-style support models, emphasizing aging in place and the need for more accessible, affordable housing choices.
MN

Minnesota 2025-2026 Regular Session

Committee on Energy, Utilities, Environment and Climate - 04/08/26

Energy, Utilities, Environment, and Climate

Transcript Highlights:
  • and rate reduction, um, uh, point two at the end of the article.
  • and rate reduction, um, uh, point two at the end of the article.
  • and rate reduction, um, uh, point two at the end of the article.
  • Section eight is a one-time revenue reduction for the Renewable Development Account, and the way this
  • cask storage, and then another $2 million reduction from the casks stored at Monticello.
Keywords: 1187, senate, all
NH

New Hampshire 2025 Regular Session

House Ways and Means (04/01/2025)

Transcript Highlights:
  • So they would see a reduction.
  • <01:07:22.880> in So they will also see a reduction in So they will also see a reduction in
  • 12ish million 13-ish million reduction 12ish million 13-ish million reduction in<01:07:32.559>
  • <01:07:39.520> in taxpayers would receive a a reduction in taxpayers would receive a a reduction
  • :41.359> as<01:07:41.680> you their property tax liability as you their property tax liability
Keywords: 928, house, all
Summary: The committee held a work session on HB 302, which would add precious metals and digital assets as potential investment options. State Treasurer Monica Misipelli said she took no position on the bill and did not see an immediate fiscal impact or operational problem, but explained that the state’s operating funds and rainy day fund require liquidity and stability, so they would not be suitable for volatile assets like precious metals or digital assets. She said the only funds that might potentially use such investments would be certain trust funds held in perpetuity, which are managed by an outside investment advisor under a contract and investment policy. Members asked about the treasurer’s current investment practices, including the types of funds managed, the role and discretion of the investment advisor, the state’s risk profile, and whether the bill would affect existing authority. Misipelli said the office follows RSA 11 and related statutes, with different objectives ranging from conservative to aggressive depending on the fund, and that the advisor meets with the office regularly, with formal performance reviews on a quarterly basis. She also said the office recently centralized management of about 40 trust accounts totaling roughly $60 million into five combined portfolios under a five-year contract with an RFP-selected vendor. When asked whether precious metals or digital assets are already indirectly available through mutual funds, she said that was possible for some mutual funds, but she was not certain about digital assets. Representative Ammon, the bill’s sponsor, said similar legislation had passed the Oklahoma House, the Texas House and Senate, and had advanced in Arizona. He argued the bill was intended to give the treasurer more tools to help balance portfolios and hedge inflation, noting concerns about federal debt and inflation. No vote was taken in the excerpt, and the chair ended the questioning after thanking the treasurer and asking her to remain available in case further questions arose.
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 15th, 2026 at 11:08 am

Senate Finance

Transcript Highlights:
  • that number is somewhere else, and then that you could help me maybe understand line 133 about the reduction
  • Right, so, is that what the line What that line is the reduction of three million in line 133, there,
  • most agencies, there was simply a backfill for the cost of the health premiums and if they had any liability
Keywords: 996, all
HI

Hawaii 2025 Regular Session

Room 224 Conference AM - 04-24-2025

Hawaii Senate Floor Meeting

Transcript Highlights:
  • Hawaii Housing Finance and Development Corporation, stricter area median income requirements, or a reduction
  • Hawaii Housing Finance and Development Corporation, stricter area median income requirements, or a reduction
  • Only owner-builder projects must execute a liability waiver.
Keywords: 912, senate, all
MS

Mississippi 2026 Regular Session

MS Senate Floor - 1 April, 2026; 10:00 AM

Mississippi Senate Floor Meeting

Transcript Highlights:
  • The city of Greenville is leading the way for crime reduction and crime prevention.
  • Simmons for significant data-driven reductions in violent crime, data-driven reductions in violent crime
  • In less than a year, we saw a 79% reduction in violent crime, a 90% reduction in homicides, and a 76%
  • reduction in aggravated assaults.
  • “Is there any concern about liability on the part of the individuals who are doing this if, on one hand
CO

Colorado 2026 Regular Session

Colorado House 2026 Legislative Day 088 Apr 11th, 2026

Colorado House Floor Meeting

Transcript Highlights:
  • Bridges concerning a temporary reduction Bridges concerning a temporary reduction in<00:50:35.760
  • This is not a reduction under any circumstances. This is not a reduction.
  • This is an This is not a reduction.
  • > the<02:35:58.319> unclaimed liability of paying back the unclaimed liability of paying
  • we took those reductions.
Keywords: 981, all
CA
Transcript Highlights:
  • I'll note that that number, through budget reductions last year, was reduced down to $450 million.
  • non-refundable state income tax credit, which means if a business does not have state income tax liability
  • expansions might be competitive for a tax credit but are not eligible because of their lack of tax liability
  • and the discussion about challenges for smaller, emerging startup companies, those without tax liabilities
  • Promising but don't yet have tax liabilities. So thank you very much. Thank you. All right.
Summary: The Assembly Budget Subcommittee 5 on State Administration heard presentations from Go-Biz and the Department of Financial Protection and Innovation on the Governor’s budget proposals. Go-Biz described California Jobs First, the state’s 10-year economic development strategy, and emphasized support for small businesses, workforce development, and targeted investment in sectors such as ag tech, life sciences, semiconductors, and advanced manufacturing. Members raised concerns about federal policy changes, tariffs, tourism, housing, child care, and whether state incentives are truly additive; Go-Biz responded that it tracks federal actions closely, works with chambers and advocates, and uses programs like California Competes to target jobs that would not otherwise come to California. The committee then reviewed the proposal to restore the California Competes grant program with $60 million. Go-Biz said the grant would help businesses that cannot use the nonrefundable tax credit, and explained the program’s five-year contracts, milestone-based awards, and recapture provisions. The Legislative Analyst’s Office said the grant could be effective but recommended stronger oversight and clearer eligibility criteria, while also noting the 30% cap in trailer bill language may be too restrictive given the smaller funding level. Public testimony supported the grant and suggested considering refundability or transferability for the tax credit to broaden access for smaller and startup businesses. Members also heard the CHIPS-related proposal for $25 million to support Natcast’s semiconductor design and collaboration facility in Sunnyvale. Go-Biz and public witnesses argued the state investment would help secure a major federal research facility, retain engineering talent, and leverage billions in broader investment, while the LAO recommended rejecting the item because of its dependence on uncertain federal funding and the state’s budget condition. The committee also considered a $17 million continuation of CA RISE, which supports employment social enterprises; Go-Biz and several grantees cited strong job placement and workforce outcomes, while the LAO recommended rejection absent a more rigorous evaluation, noting prior LA RISE evidence did not show long-term employment gains. Finally, the Department of Financial Protection and Innovation presented budget requests for IT security and rent increases, and a trailer bill to raise fees across several programs. DFPI said decades-old fee schedules, inflation, and new regulatory responsibilities have created a structural deficit and warned the department could face insolvency without adjustments. The LAO recommended approving the fee increases only on a three-year limited-term basis and asked for more detailed revenue plans for programs not covered by the proposal, so the Legislature can assess actual collections and market impacts before making the changes permanent.