Transcript Highlights:

• been awarded to Massachusetts and organizations including public and private higher education institutions
• , cities, towns, climate startups, nonprofits, farmers, and research institutions.
• Research institutions like Woods Hole.
• In FEMA instituting these manual reviews, but for the impact on the Commonwealth is much smaller.
• Moving on to tax credits, the Inflation Reduction Act, or the IRA, instituted several vehicle purchase

Committee: Senate Senate Committee on Climate Change and Global Warming

Summary: The committee held a hearing on the impact of the Trump administration’s federal climate policy changes on Massachusetts, with a focus on threatened grants, regulatory rollbacks, and state options to continue climate work. Chair Creem and other senators emphasized that Massachusetts still has a 2050 net-zero mandate and needs contingency plans for clean energy, transportation electrification, offshore wind, resilience, and financing if federal support is reduced or withdrawn. Executive branch witnesses said Massachusetts has already experienced disruptions to more than $1 billion in climate-related federal funds, though many suspended grants were restored after litigation by the Attorney General’s office. EEA reported continued uncertainty around a $389 million Grid Innovation Program award and a FEMA dam-safety reimbursement, while MassDOT said its NEVI fast-charging program remains on track with about $50 million obligated, but a $14.4 million competitive charging grant is on hold and future unobligated NEVI funds remain uncertain. Senators also discussed EV rebates, charging infrastructure, the role of the Community Climate Bank, and whether the state can expand independent financing and support for municipalities, higher education, and nonprofits. The Attorney General’s office described successful multi-state litigation that won a temporary restraining order and preliminary injunction against the federal funding freeze, restoring access to many EPA, DOE, USDA, and Interior funds, while noting continued enforcement actions over FEMA manual reviews and other barriers. The office said it is also preparing to defend the endangerment finding, California vehicle-emissions waivers, offshore wind permits, and other federal climate protections. Outside advocates warned that federal tax-credit rollbacks, tariffs, and possible repeal of IRA and infrastructure funding could slow EV adoption and raise costs, while offshore wind testimony said federal permitting pauses and legal challenges are delaying projects and could leave Massachusetts far short of its 2030 offshore wind goals. Nonprofit witnesses also described canceled or delayed grants for wetland restoration and urban heat mitigation, and urged the Legislature to increase state funding, including for the environmental bond bill and municipal vulnerability preparedness work.

Transcript Highlights:

• But the total amount of revenue funds paid as a part of a post-secondary education institution, paid
• The Louisiana Institute for Children has also been magnificent in working with us.
• Aaron Bendley, representing the Pelican Institute for Public Policy. We had read the original bill.
• Aaron Bentley with the Pelican Institute, thank you for scheduling this important bill.
• to work to protect the private, faith-based institutions from unnecessary governmental intrusion.

Bills: SR119 , SCR65 , HCR47 , HB196 , HB218 , HB256 , HB325 , HB352 , HB434 , HB448 , HB476 , HB608 , HB624 , HB626 , HB632 , HB749 , HB818 , HB1059 , HB1112 , HB1242 , HB1249

Committee: Senate Education

Keywords: SR119, Senate Resolution 119, D-D Breaux, Sara Breaux, LSU gymnastics, LSU Gymnastics Training Center, LSU Board of Supervisors, facility naming, honorary resolution, public buildings and grounds, women's athletics, Title IX, college gymnastics, SEC gymnastics, Louisiana State University, Tiger Athletic Foundation, women in sports, coach recognition, sports legend, campus naming

Transcript Highlights:

• with industry to help us create an innovation corridor, how we invest in our higher education institutions
• that we have here at Fresno State up to Our higher education institutions that we have here at Fresno
• Our higher education institutions that we have here at Fresno State up to UC Merced so that we're selling
• And philanthropic institutions can complement these efforts by providing flexible resources, technical
• I'll just give you an example since we're here at a higher education institution.

Transcript Highlights:

• I think this institution, the sense of democracy, and for each and every one of you, if I would start
• ><c> the</c><00:18:24.799><c> sense</c> think this this institution, the sense think this this institution
• about this institution that it's all<00:24:07.360><c> of</c><00:24:07.440><c> our</c><00:24:07.679><
• Let's care about the institution and each other as much as Melissa did.
• :21.280><c> and</c><00:44:21.680><c> each</c> care about the institution and each care about the institution

Transcript Highlights:

• to our hospitals to our institutions to our hospitals to elected<00:05:16.400><c> leaders</c><00:05:
• They're tired because this is just another institution which has determined it's too hard to continue
• They're tired because this is just another<00:07:37.360><c> institution</c><00:07:38.400><c> which</c
• institution which has determined it's<00:07:39.520><c> too</c><00:07:39.759><c> hard</c><00:07:39.919
• Now, this is part of their ongoing attack on our state, our values, and our institutions.

Summary: State lawmakers, the attorney general, advocates, and parents held a press event responding to Children’s Minnesota’s announcement that it would pause some gender-affirming care for minors. Speakers, including Rep. Lee Finke, Hannah Edwards of Transforming Families Minnesota, and Jess Braverman of Gender Justice, said the pause was driven by federal pressure and threats from the Trump administration and HHS, not by medical best practice. They emphasized that gender-affirming care remains legal in Minnesota under the state’s Human Rights Act, Trans Refuge law, and insurance protections, and argued that interrupting care harms trans youth and families, especially those who moved to Minnesota for protection. Testimony focused on the emotional and practical impact on families: loss of trust in providers, delays in treatment, travel and intake wait times, and the stress of having to scramble for continuity of care. Speakers described the care as evidence-based, medically necessary, and life-saving, and said the federal government was using coercion and misinformation to intimidate hospitals and doctors. The attorney general said his office and coalition partners are litigating related federal threats, including a separate RFK Jr. declaration and proposed federal rules, and that Minnesota officials are working to preserve access and enforce state protections. In response to questions, speakers said the state’s legal tools are strong but limited against federal action, so they are relying on court challenges and enforcement of existing state law. They said Children’s Minnesota had been specifically targeted by federal officials and that the hospital’s pause was tied to that pressure. No votes were taken; the event ended with a call for continued public and institutional support for trans youth and for Children’s to resume care as soon as possible.

Transcript Highlights:

• Because the intent of our educational institutions isn't necessarily for the benefit of the personnel
• , the educator pipeline by updating eligibility for educator preparation institutes and targeted computer
• accountability, or would you agree that nondisclosure agreements have no place in a government institution
• And sometimes that historical and institutional knowledge base can be used to keep school board members
• And sometimes that historical and institutional knowledge base can be used to keep school board members

Summary: The committee first heard SJR 1104, a proposed constitutional amendment on voluntary religious expression in public schools. Senator Massullo said the measure would protect students and school personnel from discrimination for lawful religious expression, while not requiring prayer or religious activity. Questions focused on whether the proposal would change existing law, whether it could be used to protect coercive conduct by school officials, and whether the staff summary accurately reflected the bill. Public testimony included support from religious-freedom advocates and opposition from American Atheists and some senators who said the measure could make minority-faith students uncomfortable. The committee voted to report SJR 1104 favorably. The committee then took up SB 1738 on educational facilities, which directs state education offices to review facility requirements and recommend design and construction practices to improve safety and accountability. Senator Yarborough offered and the committee adopted an amendment removing crime-prevention-through-environmental-design language and adjusting the bill to preserve safe spaces during emergencies. The bill was reported favorably after brief discussion about balancing transparency, access control, and emergency safety. The committee also adopted a delete-all amendment to SB 824 on charter schools, replacing it with a transparency measure requiring districts to submit annual reports on unimproved land holdings to the Department of Education, which would publish a statewide report; the amended bill was then reported favorably. The committee next approved confirmation recommendations for appointees on tabs 7 and 8, then took up SPB 7036, a committee bill sponsored by Chair Simon. The package included school turnaround and early literacy changes, updates to school safety and health policies, early learning revisions, instructional changes, and educator pipeline provisions. The most contentious part was a proposal to let the state develop instructional materials; several senators questioned costs, guardrails, and whether the state should enter the textbook business. Simon said that portion was still being considered and that the bill would need safeguards if it moved forward. The committee adopted a motion to submit the bill as a committee bill and reported it favorably. Finally, the committee heard SB 1620 on public education, described by Senator Leak as a “school board members’ bill of rights.” The bill would give individual board members direct access to district documents and staff, limit district attorneys’ ability to represent both the board and administration, strengthen nepotism rules, and prohibit nondisclosure agreements for employees. Testimony from Volusia County board members, educators, and advocates was sharply divided: supporters argued the bill would improve transparency and protect minority board members, while opponents warned it could undermine superintendent authority, expose confidential student or personnel information, and create confusion in district operations. After debate, the committee voted to report SB 1620 favorably. The committee then heard SB 1170 on cameras in self-contained special education classrooms, with an amendment changing the proposal from a statewide mandate to a district policy allowing parents of students with disabilities to request cameras. Testimony was overwhelmingly supportive, centered on protecting non-speaking and vulnerable students and documenting abuse; one witness opposed the bill as an unfunded mandate. The committee was still in debate on the bill when the transcript ended.

Transcript Highlights:

• And Turner Losol, James Madison Institute, waives against. Is there any debate on the bill?
• Robert Schulte, Florida Justice Reform Institute. For two minutes.
• I am a member of the Florida Bar representing the Florida Justice Reform Institute today.
• Chamber Institute for Legal Reform, you are recognized for two minutes.
• There's no law in Florida prohibiting carrying a firearm in a religious institution.

Bills: S0014 , S0016 , S0024 , S0052 , S0308 , S0504 , S0506 , S0564 , S0572 , S0590 , S0594 , S0806 , S1396 , S7020 , S7024 , S7026

Committee: Senate Rules

Summary: The Committee on Rules met with 14 members present and considered a long agenda of bills, including several open-government sunset reauthorizations, consumer and election measures, claims bills, and policy bills on public safety, ethics, and child protection. The committee reported favorably SB 7024 and SB 7026, which extend and consolidate public-records/public-meeting exemptions for cybersecurity information and trade secrets held by agencies, and SB 7020, which reenacts the aquaculture records exemption for the Department of Agriculture and Consumer Services. It also approved SB 14 and SB 24, two uncontested Miami-Dade County claims bills, and SB 16, a claims bill for Heriberto Sanchez Mayan involving severe injuries after an unlawful arrest and transport incident in St. Petersburg. Several bills drew substantial testimony. SB 308, creating the Florida Museum of Black History Board of Directors and designating St. Johns County as the museum site, received extensive support from advocates and lawmakers who emphasized preserving the full and accurate history of Black Floridians; some speakers urged safeguards to ensure historians and community members help shape the museum’s content. The committee also favorably reported CS for SB 564, allowing registered or pre-registered high school students to volunteer at polling places for community service hours, with supporters saying it would build civic engagement and help election offices. CS for SB 52, which exempts unpaid volunteer armed security at houses of worship from Class D and G licensing requirements, was also reported favorably after testimony both supporting the need for church security and cautioning that congregations should retain control over whether weapons are allowed. The committee approved CS for SB 1396 on litigation financing and consumer protection after a lengthy debate over transparency, foreign funding, and whether the bill would chill access to courts. Supporters said it would create guardrails and disclose foreign involvement; opponents argued it could burden plaintiffs and reveal litigation strategy. The committee also reported favorably CS for SB 504 and SB 506, creating a framework and related public-records exemption for code inspector body cameras, with discussion about notice to property owners and protection of sensitive footage. Additional favorable actions included CS for SB 572, updating ethics law to reflect foster family relationships, and CS for SB 590, tolling the statute of limitations for failure-to-report child abuse offenses until the offense is known to law enforcement or another charging authority.

Transcript Highlights:

• One of my experiences was that I was handcuffed and sent to an institution.
• abuse or neglect, children involved with child welfare, and children in juvenile rehabilitation institutions
• Residential habilitation centers are DSHS facilities that provide residential support in an institutional
• Where people actually live, not temporary fixes in institutional settings. Thank you. Thank you.
• Second, we don't agree that people need to do overnight short stays at the institutions just to use the

Bills: HB2429 , HB2171 , HB2314 , HB2364 , HB2415

Committee: House Early Learning & Human Services

Keywords: behavioral health, youth support, mental health services, children's health, support services, foster youth, child welfare, education, mental health, dental care, habilitation centers, residential services, healthcare access, patient rights, poverty, task force, legislative, executive, social programs, fatalities

Transcript Highlights:

• providers as not an IMD or an Institute Institute<00:04:43.520><c> for</c><00:04:43.880><c> mental</
• for mental disease um in our Institute for mental disease um in our system<00:04:47.280><c> we</c><00
• We're ensuring institution for people like Joshua. It's a dereliction of duty.
• We're ensuring institution for people like Joshua. It's a dereliction of duty.
• Um, there is no adequate staff in any institution for someone like Joshua.

Committee: Senate Human Services

Transcript Highlights:

• They normally professors who are valuable to the institution. Is that again?
• who are valuable to the institution.
• Our non-research institutions.
• Will apply at-will to all of the non-research institutions.
• Which would institute a similar reimbursement and dispensing fee requirement.

Bills: SB65 , SB248 , SB330 , SB378 , SB844 , SB1330 , SB1410 , SB1475 , SB1476 , SB1565 , SB1618 , SB1623 , SJR39 , SJR47 , SB2084 , SB1655 , SB1679 , SB2174 , SB1775 , SB1873 , SB1204 , SB1884 , SB1916 , SB1937 , SB1447 , SB1500 , SB2007 , SB2074 , SB1944 , SB2018 , SB1984 , SB2026 , SB2045 , SB2049 , SB2062 , SB2112 , SB2118 , SB2127 , SB2134 , SB2135 , SB2139 , SB2154 , SB1195

Keywords: SB65, naloxone, Narcan, opioid overdose, overdose reversal, opioid antagonist, emergency opioid antagonist, substance abuse services, harm reduction, public health, overdose prevention, good samaritan, civil immunity, criminal immunity, controlled substances, addiction treatment, fentanyl, opioid crisis, school overdose response, first aid

Transcript Highlights:

• Um so we look forward to institutions.
• As we know, financial institutions.
• The country needs to be more like Hawaii when it comes to the institution of predatory gambling, and
• </c><01:08:17.600><c> of</c> every minute to the institution of every minute to the institution of predatory
• So Hawaii is a model for institution. So Hawaii is a model for the<01:08:47.199><c> country.

Bills: HB2227 , HB1775 , HB1560 , HB1642 , HB1647 , HB2003 , HB1640 , HB2198

Committee: House Consumer Protection & Commerce

Summary: The committee on Consumer Protection and Commerce met on February 5, 2026, and heard testimony on several bills, beginning with HB 227 relating to eviction records. Supporters, including the Public First Law Center and the Office of Hawaiian Affairs, argued the bill would help people who prevail in eviction cases avoid long-term housing harm from online court records, while the Public First Law Center said keeping records off eCourt Kokua would not violate the First Amendment because the records would still be available in person. Members discussed access-to-justice concerns, and a witness said legal aid attorneys could still access the records through the attorney-only Jeff’s system and the court’s access-to-justice room. The chair also asked about precedent, and a witness cited a Hawaii Supreme Court case as supporting removal from the online database rather than sealing records entirely. The committee then took up HP 1775 relating to foreclosures, but the transcript only shows in-person opposition comments from the Hawaii State Bar Association Collection Law Section, the Hawaii Credit Union League, and the Hawaii Bankers Association. The credit union and banking groups said they had concerns about broader negative impacts on mortgage lending and other requirements, but no detailed discussion or action was captured before the committee moved on. The next measure, HB 1560 relating to consumer protection, drew support from the Office of Consumer Protection and cryptocurrency companies including Coinflip and America Digital, which said they already use wallet-pinning and other safeguards to prevent fraud. AARP Hawaii did not take a formal position but said the bill addressed a real problem, noting that Hawaii residents, especially in Kona, had lost more than $920,000 in 2024 to cryptocurrency ATM scams and arguing that stronger oversight was needed. The committee also heard HB 1642, which would ban cryptocurrency kiosks. The Office of Consumer Protection supported the ban as the best way to protect consumers from fraud, while Coinflip, Bitcoin Depot, and America Digital opposed it, arguing kiosks provide cash-based access to crypto, especially for unbanked or underbanked consumers, and that targeted regulation would be better than an outright ban. AARP Hawaii took no formal position but strongly emphasized the harm caused by scams, saying victims are often frightened into acting quickly and that kiosk transactions currently lack enough friction or intervention. Finally, HB 1647, also on consumer protection, would impose liability on host businesses that provide space for crypto kiosks. The Office of Consumer Protection warned small businesses might not understand the liability, while Coinflip, Bitcoin Depot, and America Digital opposed the bill, saying it would unfairly shift enforcement duties to host stores and could discourage businesses from hosting kiosks, effectively creating a de facto ban. No votes or final committee actions were taken in the portion of the meeting provided.

Transcript Highlights:

• A state funded evaluation by the Nutrition Policy Institute found that students, teachers, and school
• We're a public institution that receives no ongoing federal or state funding.
• Institutions then, where the student indicates where they will be. attending, the institutions that are
• Just a few comments regarding the Braille Institute.
• For several years, the state has supported the Braille Institute.

Transcript Highlights:

• . $80 million for financial aid expansion at higher public ed institutions, $24 million in the MassReconnect
• security and we are giving an understanding to our local municipalities of the importance of what this institution
• what's going to happen coming from the federal government, but I think that we can be proud as an institution
• appropriations for the fiscal year 2026 for the maintenance of the departments, boards, commissions, institutions
• appropriations for the fiscal year 2026 for the maintenance of the departments, boards, commissions, institutions

Summary: The House met in a floor session that began with routine procedural motions, including quorum checks, roll calls, and brief recesses. Members also welcomed guests and observed a moment of silent tribute for Frederick Pat Waller of Dracut, a 101-year-old World War II veteran and longtime farmer, before taking up the day’s major budget business. The principal item was the FY2026 appropriations legislation. House leaders described the conference report as a roughly $61 billion budget that reduces spending from earlier proposals while increasing Fair Share spending to $2.4 billion. They highlighted funding for education, including Chapter 70 aid, universal school meals, higher education financial aid, MassReconnect, and school clean energy projects; transportation, including MBTA and regional transit authority support; housing and homelessness programs; food assistance; and a new $5 million immigration legal assistance fund. Supporters emphasized fiscal stability, timely passage, and aid to cities and towns, while noting uncertainty from the federal government. The House first passed the supplemental appropriations bill to be engrossed by a roll call vote of 142-0, then later passed it on final enactment by 143-1. The House then accepted the conference report on the main FY2026 budget by a roll call vote of 139-6, adopted the emergency preamble by a recorded vote, and finally enacted the budget by another 139-6 vote. The session ended with adoption of an order to adjourn to the following Thursday at 11 a.m., and the House adjourned.

Transcript Highlights:

• The Standing Committee on Education Institutions and Representative Duke is going to present that report
• slide presents program expenditures by This slide presents program expenditures by higher education institution
• Camp, but if you have multiple institutions involved in overseeing a program, then you really have nobody
• because, I mean, you've spread the administration of this out over three or four higher education institutions
• But, you know, when people can figure out a way to create an institution and a bureaucracy and get paid

Committee: All LEGISLATIVE JOINT AUDITING

Summary: The Legislative Joint Audit Committee met on February 13, 2026, and first adopted the January 9, 2026 minutes and then adopted reports from its executive and standing committees. The Executive Committee reported on scheduled audits, denied a special report request concerning the I-owned fire department, approved questions to the Arkansas Department of Health about Title V sexual risk avoidance education funds, authorized the Office of Property Risk to hire a CPA for its annual audit, and asked staff to gather information on circuit judge caseload assignments in Benton County. The Counties and Municipalities Committee reported progress on delinquent private water and sewer audits, including reinstatement of 19 entities after required reports were filed and 59 of 64 delinquent 2023 entities submitting reports. It also noted that Adona was now in substantial compliance with municipal accounting law, while officials from Denning and Gum Springs appeared regarding noncompliance. Of 109 current reports reviewed, 15 were referred to prosecutors and the Attorney General, two were certified to the Governmental Bonding Board, 94 were filed, and 15 were deferred. The Education Institutions Committee filed 31 audit reports, including one for Cedarville School District that was referred to the prosecuting attorney, Attorney General, and Governmental Bonding Board, and the State Agencies Committee filed 10 reports involving issues at DHS, Parks, Heritage, and Tourism, Corrections, and Veterans Affairs. The committee also heard a Medicaid Subcommittee report that included presentations from DHS, the Office of Medicaid Inspector General, and the Attorney General’s Office on their Medicaid-related roles. In special reports, Legislative Audit presented a review of Cleburne County’s library expenses, finding more than $80,000 in unauthorized or questionable disbursements, including purchases lacking a documented business purpose, undocumented disbursements, and possible improper fuel expenses; the matter was referred to the 16th Judicial District Prosecuting Attorney and the Attorney General. The committee also reviewed the Charles W. Donaldson Scholars Academy at UALR, where auditors found scholarship awards to ineligible students, numerous disbursement-processing exceptions, and that the program had ceased in 2024 with remaining funds returned to the school districts. After discussion, the committee filed both special reports and adjourned, with the next meeting set for March 12-13, 2026.

Transcript Highlights:

• It also establishes, subject to appropriation, the Florida Institute of Teaching Excellence housed at
• The Florida Institute of Teaching Excellence housed at Miami-Dade College, and that is the bill.
• The only cost, which would be subject to appropriation, is the creation of the institute that we talked
• They already have several institutes that talk about their think tanks about how do we increase pedagogy
• And so just making sure that all public institutions that authorize or that offer the teacher preparation

Summary: The Higher Education Budget Subcommittee heard and passed two bills. HB 875 on educator preparation would create a uniform core curriculum for teacher preparation programs, establish a new competency-based CERT program, standardize mentor and clinical educator requirements, allow certain certification waivers, and create a Florida Institute of Teaching Excellence at Miami-Dade College subject to appropriation. Sponsor Rep. Rizzo said the bill would not add costs to local districts and would phase in beginning July 1, 2029; Rep. Snyder said the goal was to unify and raise standards across multiple certification pathways. An amendment by Rep. Aristide to reduce clinical hours for experienced teachers seeking counseling certification was withdrawn after discussion. Public testimony included support from the Foundation for Florida’s Future and opposition from the ACLU of Florida and another opponent. The bill passed on a recorded vote, with Reps. Franklin, Bracey Davis, and Campbell voting no. Members then took up HB 681, as amended by PCS, on apprenticeship and pre-apprenticeship program funding. Rep. Mello said the bill focuses on funding transparency, accountability, resolving bargaining issues between local education agencies and apprenticeship providers, and requiring annual reporting to the Legislature to assess return on investment. Public testimony was overwhelmingly supportive from business, trade, and workforce groups, including Americans for Prosperity, the Florida Chamber of Commerce, Associated Builders and Contractors of Florida, and others. Rep. Franklin praised the sponsor’s work and said he would support the bill. HB 681 passed unanimously, and the committee adjourned after completing its agenda.

Transcript Highlights:

• What we're saying is unnecessary institutional risk could do... Institutionalization.
• What we're saying is that unnecessary institutional risk could be in the placement if we bankrupt people
• Then they might have to go to an institution, and we don't want that.
• You didn't want to go get stuck in an institution. No one wants that. That's what it's saying.
• And Senator Lenney, well, we have institutions like assisted living, skilled nursing, and all kinds of

Committee: Senate Health and Welfare

Transcript Highlights:

• Calling an institutional facility a school also causes confusion to the public at large.
• Therefore, we strongly believe that the word “schools” should be removed from all DD institutions, to
• avoid the public perception of the purpose of these institutions.
• These are institutional settings.
• These are institutional settings.

Bills: HB2185 , HB2200 , HB2230 , HB2319

Committee: House Early Learning & Human Services

Keywords: homelessness, youth programs, advisory committee, prevention, protection, developmental disabilities, residential settings, data access, safety, stability, community oversight, residential services, regulation, service providers, monitoring, HB 2319, residential habilitation center, state school renaming, Rainier School, Firecrest School

Transcript Highlights:

• And it's that attack where we now have outside of Smithsonian institutions, science saying, well, it's
• When trust in institutions erodes, the entire community suffers.
• California must keep teaching accurate, inclusive history, ensure our institutions honor, not delete,
• California must keep teaching accurate, inclusive history, ensure our institutions honor, not delete,
• Stand with Muslim institutions when powerful officials smear them.

Transcript Highlights:

• OMB State Procurement Office collaborated with procurement managers from the university system institutions
• The bill draft is related to suggestions submitted by OMB in consultation with the higher ed institutions
• Those, the way statutes are written, may impact higher education institutions.
• intending for them to do. ...for the 11 overall, that we have the opportunity to engage all 11 institutions
• Well, that institutional history won't be here anymore, so you're going to have to have more reliance

Committee: Joint Legislative Task Force on Government Efficiency

Transcript Highlights:

• It will burden state-chartered credit unions more heavily while federally chartered institutions receive
• When fraud occurs, community finance institutions answer the phone, investigate the claim, absorb losses
• Small institutions cannot spread those costs across millions of customers and transactions.
• Over time, small institutions will disappear while larger ones continue to grow. Thank you, Peter.
• Yeah, it goes to the issuing bank or the issuing financial institution, could be a credit union.

Summary: The Special Commission on the future of payments and sales transactions by credit card heard extensive testimony from credit union, banking, retail, restaurant, and payments-industry representatives about proposals to limit interchange fees, especially on the tax and tip portions of transactions. Several witnesses opposed state-level restrictions, arguing they would create a patchwork of rules, burden state-chartered institutions, raise compliance complexity, and ultimately reduce resources for fraud prevention, cybersecurity, rewards, and access to credit. Others, including retail and merchant advocates, said swipe fees are a significant and growing cost for small businesses and that states should consider reforms such as limiting fees on taxes and tips, allowing surcharging, improving transparency in merchant contracts, and studying collection costs more closely. Witnesses also discussed recent legal and regulatory developments, including Illinois’s interchange-fee law, OCC and NCUA interim rules, and the ongoing Visa/Mastercard antitrust settlement. Industry representatives said the Illinois law has been delayed and is likely preempted for most transactions, while merchant advocates argued the state efforts and court rulings show that networks and banks do not set fees competitively. The proposed antitrust settlement was described by some as a meaningful but limited merchant victory, with temporary fee reductions and expanded surcharge/steering rights, while others said it still falls short of structural reform. The commission members pressed witnesses on the practical effects of fees, the cost of cash, whether merchants can pass costs through, and whether small businesses are actually seeing benefits from the current system. Members repeatedly emphasized the need for a fair middle ground that protects both small businesses and the payment system. No substantive votes or policy actions were taken beyond accepting testimony, and the meeting ended with adjournment after all scheduled witnesses had spoken.