Transcript Highlights:

• It doesn't change anything under existing law about reporting to Secretary of State, and I think that's
• That has in turn created this limbo where financial institutions are essentially forced to then store
• submit the report with those contents<00:14:58.000><c> to</c><00:14:58.160><c> the</c><00:14:58.240>
• I think it gives another layer of protection to the financial institutions if they send it registered
• </c> layer of protection to the financial layer of protection to the financial institutions<00:21:00.880

Keywords: Business and Financial Institutions - Room 409, 2 February, 2026; 2:00 P.M., 925, all

Transcript Highlights:

• </c> standing, they don't have any financial standing, they don't have any financial issues.<00:03:50.080
• There’s also some reporting requirements that are being clarified.
• Motion rise and report. All those in favor? All right.
• </c> would just extend those reporting would just extend those reporting requirements<00:23:04.559><c
• </c> report. All those in favor? report. All those in favor? All<00:23:44.960><c> right.

Keywords: Business and Financial Institutions - Room 210; 28 January, 2026: 2:00 PM, 925, all

Keywords: Business and Financial Institutions - Room 409, 28 March, 2025; 10:30 A.M., 925, all

Keywords: Business and Financial Institutions - Room 216, 27 March, 2025; 1:00 PM, 925, all

Keywords: Business and Financial Institutions - Room 409, 3 March, 2025; 4:45 P.M., 925, all

Keywords: Business and Financial Institutions - Room 210; 4 February, 2025: 2:00 PM, 925, all

Keywords: Business and Financial Institutions - Room 210; 30 January, 2025: 2:00 PM, 925, all

Keywords: KY LRC YouTube, https://www.youtube.com/watch?v=ViDa-Gvswn8, 2026-06-21T07:17:05+00:00, 2.2.24, Data collected via generic collector engine, Approval of Minutes – 00:46 OEA Report: Effectiveness and Efficiency of School Districts – 01:01 Other Business: 2023 OEA Research Agenda Proposed Topics – 43:28, 958, all, 2.2.42, 2.1.47

Transcript Highlights:

• Trying to remember back to the commission report and the working group reports, do we know as we stand
• You're going to ruin your financial future.
• You know, these subcommittees put their reports that got put into the report.
• Who would be responsible for reporting this?
• It's just financially devastating.

Bills: S3091, H5477

Keywords: crumbling concrete, pyrite, pyrrhotite, homeowner assistance, financial relief, CEDAC, construction, insurance surcharge, foundation repair, Massachusetts

Summary: The Joint Committee on Financial Services held a public hearing on two late-file matters, centered on S. 3091, a bill to create relief for homeowners affected by the crumbling concrete/pyrrhotite crisis. Senator Peter Durant presented the bill as a way to establish a crumbling concrete assistance fund, administered by CEDAC, to help replace failing foundations and reimburse homeowners who already paid out of pocket. He said the proposal follows recommendations from a state commission and would be funded by a $6 fee on homeowner/condo insurance policies and a $6-per-cubic-yard surcharge on concrete, with the goal of spreading costs broadly rather than placing them on homeowners alone. Several affected homeowners testified about severe financial and emotional harm, including expensive foundation replacements, lost equity, inability to sell or refinance, and long delays in getting help. Homeowners Karen Riani, Michelle Iglesi, Karen Bellotti, and Russell Dupierre described living with homes that became unsellable or unaffordable to repair, and urged the committee to move the bill forward. Committee members asked about inspection practices, whether pyrrhotite can be detected during home sales, whether the bill would ban pyrrhotite, and how much funding the program would need. Witnesses said the problem is broader than originally understood, affecting at least 52 municipalities, and that the only fix is full foundation replacement. They also said the bill includes training and education for inspectors, but does not ban pyrrhotite outright because the issue is now being addressed through quarry testing and material controls. Representatives of the concrete industry, including Craig Dauphinay, Karen Marshall, and Guy Glottis, said they support homeowner relief and the creation of a fund, but strongly opposed the concrete surcharge. They argued the industry has already taken significant steps, including supporting state testing and regulation of aggregate sources, and said the surcharge would unfairly assign blame, raise costs for residential, municipal, and infrastructure projects, and create cross-border competitiveness issues with neighboring states. They favored a Connecticut-style model funded primarily through insurance assessments, noting that Connecticut’s program has been successful and that Massachusetts could adopt a similar approach. No vote was taken at the hearing.

Transcript Highlights:

• supports expanding the list of eligible projects in the new water fund and streamlining Water Board reporting
• As mentioned previously, when I've been up here before, we issued a water report to the legislature outlining
• some of the needs, financially, but also the needs from a program standpoint.
• We saw wastewater in there as well, and get a shout out, but we also saw water reuse in our reports.
• We also support the those metrics and reporting requirements that promote transparency and accountability

Bills: SB7

Keywords: water infrastructure, financial assistance, Texas Water Development Board, water supply, environmental sustainability, 1184, house, all

Transcript Highlights:

• From the Rural Water Association, it was reported that they would be out of water in 20 years or less
• In December of 2019, our 319-page interim report unanimously recommended that the Senate constitutionally
• It establishes legislative reporting requirements for the Texas Water Development Board to protect local
• Projects that existing state and federal financial assistance programs will work to cover about 25% of
• In particular, the bill requires that the agency report on progress towards closing our water supply

Bills: SB7

Keywords: water infrastructure, financial assistance, Texas Water Development Board, water supply, environmental sustainability, 1185, senate, all

Transcript Highlights:

• It's a common sense bill, and it doesn't leave this open-ended financial commitment on the other spouse
• prohibits both government entities and certain private actors, such as payment card networks and financial
• Such as payment card networks and financial institutions, from maintaining firearm registries or using
• Just be very clear, it's a financial privacy bill.
• This is for the financial institutions. It's not law enforcement. They can't use that.

Bills: SB1049, SB1053, SB1058, SB1093, SB1160, SB1211

Keywords: spousal maintenance, court guidelines, self-sufficiency, financial support, marriage dissolution, concealed carry, gun permits, firearms training, public safety, criminal history checks, local recognition, firearms, merchant codes, financial privacy, Second Amendment, data protection, riot, planning, racketeering, criminal conspiracy

Transcript Highlights:

• Or statements of financial interest. Thank you, Mr.
• for a late-filed financial disclosure if the reporting individual filed his or her financial disclosure
• the financial disclosure, and the...
• The maximum automatic fine for the late filing of the financial disclosure, and the reporting person
• Yes, and by your action, the bill has been reported favorably. Thank you very much.

Bills: S1622, S1178

Keywords: financial disclosure, statement of financial interests, ethics, late filing, late-filed disclosure, automatic fine, waiver, Florida Commission on Ethics, public officials, state officers, local officers, state employees, ethics enforcement, government transparency, sunshine law, reporting persons, penalty reduction, first-time offender, election ethics, general revenue fund

Summary: The committee met with a quorum present and first took up Senate Bill 1178, the Foreign Interference Restriction and Enforcement Act, sponsored by Senator Garcia. The bill would expand state restrictions on foreign countries of concern and designated foreign terrorist organizations, including creating a state registration framework for foreign agents, banning gifts to public officials from covered foreign entities, requiring ethics training on foreign influence, tightening procurement limits for information technology and critical infrastructure, restricting sister-city/sister-state encouragement, revising linkage institute rules and tuition provisions, and criminalizing certain conduct tied to foreign governments or unauthorized enforcement of foreign law. Members asked extensive questions about how the bill would affect election technology, software development, federal foreign-agent registration, educational exchanges, and the treatment of organizations such as CARE; the sponsor said the bill focused on ownership/control and foreign countries of concern, not specific components or general participation in events. An amendment by Senator Grall was adopted to clarify definitions, align penalties with willful violations, and specify that new ethics training content is additive. The committee then heard supportive testimony from Kelly Curry of State Armor and Rob Pierce of American Global Strategies, both of whom argued the bill would help Florida counter foreign influence, protect data and infrastructure, and improve transparency. CS for SB 1178 was reported favorably by roll call vote. The committee then considered Senate Bill 1622, which provides a one-time waiver of the automatic fine for a late-filed financial disclosure under specified conditions, including that the filer submitted the disclosure before the maximum fine accrued and had not previously received such a waiver. Carrie Stillman of the Commission on Ethics testified in support, saying the bill preserves transparency and compliance goals while making the fine and appeals process more workable. The bill was reported favorably by roll call vote. Finally, the committee took up confirmation hearings for appointments in tabs 3 through 26. No separate votes were requested, no public testimony was offered, and the block of appointees was recommended favorably to the full Senate by roll call vote. The meeting then concluded with no further business.

Transcript Highlights:

• Um, by way of background, this bill is, as the good chairman mentioned, really the financial issue.
• I'm glad you asked, and we're happy to follow up with a report.
• edification, the proposed amendment is on page one, line five, after 'amendments'; insert 'requiring reports
• We have several that, according to national reports, Becker's is a great big publication of hospital
• We have several that, according to national reports, Becker's is a great big publication of hospital

Bills: SF0010, SF0005

Keywords: mental health, detention, competency evaluation, treatment, contractual agreements, bankruptcy, hospital, county, healthcare, financial stability, 916, all

Transcript Highlights:

• Jonathan McKernan, nominated to lead the Consumer Financial Protection Bureau, is clearly being sent
• The nominations hereby ordered reported favorably to the full Senate. Next we will consider Mr.
• The nomination is hereby ordered, reported favorably to the full Senate. We will now consider Mr.
• call vote to vote on the honorable Jonathan McKernan to be the director of the Bureau of Consumer Financial
• The nominations hereby are reported favorably to the full Senate.

Keywords: nomination, Senator Warren, Consumer Financial Protection Bureau, Federal Housing Finance Agency, Undersecretary of Commerce, accountability, oversight

Summary: The committee convened to discuss several nominations, notably for key positions including the directors of the Consumer Financial Protection Bureau, Federal Housing Finance Agency, and Undersecretary of Commerce. Senator Warren raised significant concerns during her opposition to all four nominees, citing their failure to provide satisfactory answers regarding their qualifications and policy perspectives. She expressed particular alarm over Jonathan McKernan's ties to external influences and Jeffrey Kessler's hesitance to acknowledge geopolitical threats, leading to discussions about accountability in nominations and oversight. The votes resulted in a mixed outcome, with some nominees being approved while others faced substantial opposition.

Transcript Highlights:

• . report. report.
• And I should say that these don't match what's recorded on district annual financial reports because
• </c><00:51:10.880><c> reports</c><00:51:11.440><c> because</c> annual financial reports because annual
• financial reports because government<00:51:12.720><c> standing</c><00:51:13.280><c> account</c><00:51
• </c> accept that report? accept that report?

Keywords: Meeting start 00:00:09 Roll call 00:00:24 Election of Co-Chairs 00:01:11 Office of Education Accountability Annual Report 00:04:41 Office of Education Accountability District Data Profiles, School Year 2024 00:23:50 Update from the Education Professional Standards Board 00:58:19 Adjournment 01:08:00, 958, all

Summary: The subcommittee opened its first meeting with roll call and procedural business, including elections of co-chairs. The House elected Representative Truett as House co-chair, and the Senate elected Senator Denine as Senate co-chair. After the organizational votes, the committee heard the Office of Educational Accountability’s annual report, beginning with Brian Jones and Deborah Nelson describing OEA’s investigations and research divisions and recent staffing turnover. On the investigations side, OEA said it handled complaints only when submitted in writing and generally opened cases only when it had enough facts to evaluate. Jones reported complaint volume declined from 805 in 2023 to 738 in 2024, with 325 in the first half of the current year. He outlined the kinds of matters OEA investigates, including school-based council issues, open meetings, board eligibility, nepotism, conflicts of interest, certification, activity funds, and surplus property, while noting that routine personnel matters, bullying, child interviews, and cases tied to litigation are generally handled locally or referred elsewhere. He also said OEA refers special education, assessment/testing, discrimination, and serious misconduct matters to the appropriate agencies, and that he did not see a need for statutory changes to improve OEA’s work, though he said cases should move more quickly. The research division presentation focused on OEA’s district data profiles and annual research agenda. Nelson explained that OEA reviews KDE-reported data and underlying datasets to verify accuracy, analyze trends, and produce reports for the General Assembly. She highlighted 2024 publications on district governance models and student achievement, and said this year’s agenda includes district data profiles, student discipline analysis, and a review of early childhood regional training centers. She also noted OEA received an NCSL notable document award for its 2023 staffing shortages report, its 10th such award. Sabrina Smith then walked through the district data profiles, which compile demographic, staffing, finance, and performance data for all 171 districts, plus statewide and comparative data. She noted changes in the report format, the continued availability of an online interactive version, and several trends: adjusted average daily attendance declined statewide from 2015 to 2024; the counselor-to-student ratio has improved but has not yet reached the statutory goal of one counselor per 250 students; the share of teachers moving from rank three to rank two has declined; special education identification has risen from 13% to 16%; and starting teacher salaries vary widely by district, with Kentucky’s average starting salary around $40,000 ranking near the bottom compared with surrounding states and the nation. Members asked about the history of the research division and whether the paper copies of the district profiles would continue, and staff said the printed versions would continue unless legislators asked otherwise.

Transcript Highlights:

• They stop reporting crimes. They stop showing up in our community.
• They stop reporting crimes. They stop showing up in our community.
• This is cruelty. financial risks.
• </c> counties and look at the financial counties and look at the financial considerations<00:58:42.799
• </c><01:46:02.719><c> So</c> reports of horrific conditions. So reports of horrific conditions.

Bills: HF3405, HF3413, HF3769, HF3768, HF3771, HF3465

Keywords: Bureau of Criminal Apprehension, BCA, Use of Force Investigations Unit, federal agents, Department of Homeland Security, DHS, Immigration and Customs Enforcement, ICE, Customs and Border Protection, CBP, U.S. Citizenship and Immigration Services, USCIS, officer-involved death, use of force, law enforcement accountability, police oversight, independent investigation, criminal sexual conduct, sexual assault, peace officers

Transcript Highlights:

• Trying to remember back to the commission report and the working group reports, do we know as we stand
• put into the report.
• into the report.
• It's just financially devastating.
• It's just financially devastating.

Bills: S3091, H5477

Keywords: crumbling concrete, pyrite, pyrrhotite, homeowner assistance, financial relief, CEDAC, construction, insurance surcharge, foundation repair, Massachusetts, 1212, all

Transcript Highlights:

• They have a very solid financial standing.
• They're very solid financially, and so I think there's a point where you would say, you know...
• Second reason, I think, is because in the last report to the Attorney General, Prairie Public had 10
• But Prairie Public had 10 gaming sites in their December 31st report of '24, and so if an entity that
• So those two reasons are: financially, they're very solid, and they've got into these 10 gaming sites

Bills: SB2014

Keywords: industrial commission, economic development, housing finance, oil and gas, rail infrastructure, financial assistance, emergency funding, 908, all

Summary: The Government Operations Division met to continue work on the remaining bill and related amendments. Joe Morse asked the committee to include a $219,000 general fund replacement for rent that would no longer be collected from Career and Technical Education after the 15th floor of the tower becomes legislative space under the Legislative Council’s jurisdiction. Members discussed that state law currently requires rent only from executive branch office space, not legislative or judicial space, and there was no objection to adding the request to the amendment package. The committee then revisited a set of amendments it had previously discussed, including whether to include funding for Prairie Public. Senator Dwyer argued against any Prairie Public funding, citing its reserves, endowment, and charitable gaming revenue, and said the state should prioritize other needs. Senator Irby supported a one-time infrastructure contribution as the state shares in related infrastructure costs. Senator Sickler said Prairie Public still provides unique local programming, but that a one-time infrastructure item would be a reasonable compromise rather than ongoing operating support. A motion was made and seconded to provide Prairie Public $850,000 from the Strategic Investment and Improvement Fund for infrastructure needs. The roll call vote failed 3-2, with Senators Sickler and Irby voting aye, Senators Dwyer and Burkhard voting no, and Chairman Wanzek voting yes. After that vote, the committee indicated the amendment package was otherwise complete, though leadership had asked that final action on the bill be held for a little longer. The meeting adjourned with the understanding that more amendments could still be brought forward before the next meeting.

Bills: SB1873, SB1948, SB540, SB1653, SB1061, SB1534

Keywords: roofing, contractor registration, continuing education, endorsement, construction industry, fireworks, consumer safety, local governance, emergency declaration, public safety, dentist, dental hygienist, dentistry, dental hygiene, licensure compact, interstate compact, professional licensing, license portability, health workforce, workforce shortage