Video & Transcript Research : 'currency adjustment'
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AZ
Arizona 2026 Regular Session
02/03/2026 - Senate Appropriations, Transportation and Technology
Appropriations, Transportation and Technology
Transcript Highlights:
- Chair and members, subject to voter approval, SCR 1020 constitutionally adjusts the most recent approved
- Additionally, the resolution specifies that the adjusted annual salary will take effect on the second
- I don't have these adjusted, so I've got to scroll down. Bear with me. And we have Diana Diageo.
Bills:
SB1001, SB1035, SB1056, SB1065, SB1138, SB1161, SB1204, SB1207, SB1248, SB1274, SB1284, SCM1002, SCM1006, SCR1020
Keywords:
appropriation, economic security, blind individuals, older adults, state funding, Arizona Department of Corrections, ADC, corrections, prison, jail, correctional officers, prison guards, staffing, retention, salary increase, pay raise, wage increase, general fund, state budget, private prisons
NM
Transcript Highlights:
- You know, I believe that our members deserve a full cost-of-living adjustment.
- I believe that our members deserve a full cost-of-living adjustment.
- We've not ever been able to have salary or retiree adjustments or levels that... ...retiree adjustments
- And because of that, there are other adjustments that Mr.
- And within that, we probably spend several thousand dollars on adjustments.
Keywords:
educational retirement, annuity adjustments, cost of living, non-compounding payments, retirement benefits, STEM funding, education, innovation, public education, New Mexico, nominating committees, boards of regents, student representation, political party registration, New Mexico constitution, special education, office of special education, deputy secretary, public education department, IEP
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Revenue Jan 27th, 2026
Joint Committee on Revenue
Transcript Highlights:
- plan as much as we carefully continued to plan in the past, but we basically need the permanent adjustment
- So, back in 2024, you came to the House and you requested this adjustment, right?
- I mean, we actually need a permanent adjustment to do this.
Bills:
H3012, H4008, H4435, H4444, H4526, H4547, H4574, H4575, H4576, H4577, H4585, H4605, H4687, H4703, H4722, H4754, H4755
Keywords:
fines, property valuation, commercial property, real estate, tax penalties, property taxes, local option tax, marijuana sales, Salem, revenue generation, taxation, recreation, local government, commercial activities, Charlemont, property exemption, disabled persons, Swampscott, senior exemption, property tax
Summary:
The Joint Committee on Revenue held a hybrid hearing on 17 miscellaneous and late-file bills, with testimony focused on several local tax measures and one statewide tax policy bill. The first major item was H. 4687 for Watertown, which would permanently continue a special property tax classification arrangement allowing the city to maintain a 50% residential minimum factor and a 175% commercial shift. Watertown officials and local legislators said the temporary 2024 law prevented an estimated 18% residential tax increase that would otherwise hit homeowners, especially seniors, and argued the change would preserve the city’s current tax structure without harming commercial growth. Committee members asked about the regional business impact, whether major taxpayers might leave, and the city’s financial reserves; Watertown officials said businesses had not threatened to depart and that the city’s stabilization and free cash balances were being used for debt reduction, infrastructure, and maintaining its bond rating.
The committee also heard H. 4435, a Charlemont bill authorizing a tax on commercial recreation services. Town officials said the small rural town has a high property tax burden, limited local capacity, and heavy public safety costs from tourism and recreation activity, and they described the proposal as a locally supported way to have visitors help pay for police, fire, EMS, and infrastructure costs. Members raised legal and policy questions about whether the tax fit within existing tax authority and how it differed from meals and rooms taxes, but the town said the tax would apply to recreation services and had support from local businesses.
Finally, the committee heard H. 4722 on fair tax treatment for zero-emission vehicles, especially electric school buses and Class 3-8 trucks. Supporters, including industry representatives and Rep. Gentile, said EV buses and trucks face higher sales and excise taxes because of their higher upfront cost, which discourages adoption even though the vehicles reduce emissions and can lower operating costs over time. They argued the bill would cap tax calculations at the diesel-equivalent value, making the policy revenue-neutral while removing a penalty on electrification. Rep. Gentile also testified for H. 4755, which would amend Sudbury’s means-tested senior property tax exemption so the town would not need new special legislation if the program is renewed again after its current extension expires. No votes were taken, and the hearing concluded after testimony and questions.
TX
Keywords:
low-THC cannabis, dispensing organization, Texas Compassionate-Use Program, medical use, patient access, registration, healthcare, legislation, credit card fraud, debit card fraud, prosecution, illegal possession, state law, political contributions, address privacy, Texas Ethics Commission, election transparency, campaign finance, election supplies, ballots
MN
Transcript Highlights:
- On the amendment, yes, there was an adjustment to it that was caught yesterday over on the Senate side
- So it's just adjusting the sales tax cost, or what's going to be granted in it. Oh, I see.
Keywords:
sales tax, education funding, construction, Aitkin Public Schools, tax exemption, refundable credit, HF148, use of force training, deadly force, peace officer training, police training, law enforcement, POST Board, Board of Peace Officer Standards and Training, scenario-based training, de-escalation, defensive tactics, force-on-force training, stress management, officer wellness
AZ
Arizona 2026 Regular Session
03/31/2026 - House Democratic Caucus Calendar #14
Transcript Highlights:
- Virtual currency payments. We can pull it. Okay, thank you.
- Virtual currency payments. We can pull it. Okay, thank you. SB 1180, Nicole.
- Virtual currency payments. We can pull it. Okay, thank you. SB 1180, Nicole.
- Madam Chair, members, Senate Bill 1042, public monies, investment, or trust currency, passed committee
- Madam Chair, members, Senate Bill 1042, public monies, investment, or trust currency, passed committee
Summary:
The meeting was a caucus review of a large calendar of Senate bills, with members mainly hearing short titles, committee vote counts, and whether bills were on consent or pulled for further discussion. Many measures were reported out on party-line or split votes and several were flagged to be removed from consent, especially bills involving artificial intelligence content verification, public benefits eligibility, gender transition procedures liability, health insurance reimbursement for vaccines, light rail feasibility review, public employees merit hiring, public records fees, virtual currency payments, tax conformity, undocumented immigrants and financial services, central bank digital currency, and public monies investment in trust currency.
The caucus also discussed a number of education, public safety, child welfare, health, and regulatory bills. These included measures on school communications, bullying liability, AED training, classroom management, school safety reporting, DCS procedures, fingerprinting at behavioral health facilities, probation conditions, missing children reporting, sex offender monitoring, crimes against children probation monitoring, and domestic violence release conditions. Several members raised objections or concerns about specific bills, including mandatory sentencing, religious sectarian law language, concealed weapons notice repeal, and a bill on death sentence by firing squad, with some members asking to pull those bills from consent.
A final topic was a blue-sheet Senate amendment to HB 2874 on campaign committee termination statements and penalties. Rhonda explained the Senate changes would void penalties for committees with no contributions or expenditures, retroactive to December 2021, but noted the Senate did not secure enough votes for the emergency clause. Members asked about the rationale, the Secretary of State’s position, and the amount of outstanding penalties. The chair later announced that the Senate amendment was being refused, so the bill would not receive final passage that day and would instead be sent back for further action or conference.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Feb 18th, 2026
Transcript Highlights:
- Currency. Bitcoin is a scarce store of value. Currency.
- But there's... ...guidance for holders of virtual currencies.
- So in order to buy virtual currency, you've got to fund your account.
- So in order to buy virtual currency, you've got to fund your account.
- They defend currency stability. They smooth volatility in critical markets.
Summary:
The Assembly Banking and Finance Committee held an informational hearing on digital asset innovation, with opening remarks framing cryptocurrencies, blockchain, stablecoins, tokenization, and decentralized finance as a growing part of the financial system. Dennis Porter of Satoshi Action Fund presented on the market size, institutional adoption, use cases such as remittances and small-business payments, and policy developments at the federal and state levels. He also discussed risks including volatility, cybersecurity, and illicit use, while arguing that clear regulation can support innovation and consumer protection.
State Controller Malia Cohen then updated the committee on implementation of SB 822, California’s unclaimed digital asset law. She explained that the law applies to custodial accounts, not self-custodied wallets, and requires holders to conduct outreach before dormant digital assets are transferred to the state in native form. Committee discussion focused on how abandonment is determined, what counts as account activity, the expected timeline for notices and custodian procurement, and the administrative costs and staffing needed to run the program. Controller staff said the state is still building procedures, working with Oregon, and expects a significant increase in claims once the program is operational.
Porter returned with a proposal for a California digital asset reserve fund built on unclaimed digital assets under SB 822. He argued the fund could be cost-neutral, use only high-quality digital assets, and include guardrails such as an advisory board, audits, and public reporting. Committee members expressed interest in diversification and consumer protection, but also raised concerns about volatility, documentation, and market downturns. The hearing ended after public comment from industry and advocacy representatives, including support from the California Blockchain Advocacy Coalition, the Crypto Council for Innovation, and Coinbase, all urging clear, technology-neutral policy to keep innovation and jobs in California.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Feb 18th, 2026
Banking and Finance
Transcript Highlights:
- Digital assets designed to maintain a stable value relative to a specific traditional currency.
- Digital assets designed to maintain a stable value relative to a specific traditional currency.
- Currency.
- So in order to buy virtual currency, you've got to fund your account.
- They defend currency stability. They smooth volatility in critical markets.
WA
Washington 2025-2026 Regular Session
House Consumer Protection & Business Feb 24th, 2026 at 01:30 pm
Consumer Protection & Business
Transcript Highlights:
- An insurer must post on its website information about premium discounts, incentives, or other adjustments
- , or something treated like a currency exchange.
- The member asked whether cryptocurrency is an investment, a form of currency, or treated like a currency
- But here we are, about the opportunity for consumers who want to use this currency as the way of the
- Bitcoin Depot has the largest number of virtual currency kiosks in the United States.
Keywords:
SB6178, property insurance, insurance claims, assignment of benefits, AOB, post-loss assignment, post-loss benefits, homeowners insurance, policyholder, insured, restoration contractor, mitigation contractor, public adjuster, insurance commissioner, claims handling, consumer protection, void and unenforceable, Washington insurance code, chapter 48 RCW, civil penalty
WA
Washington 2025-2026 Regular Session
House Consumer Protection & Business Feb 24th, 2026
Transcript Highlights:
- An insurer must post on their website information about premium discounts, incentives, or other adjustments
- We've heard this one before, but maybe a briefing, a brief briefing. ...currency kiosks.
- Businesses operating virtual currency kiosks are regulated as money transmitters in Washington under
- , or treated like a currency exchange.
- Bitcoin Depot has the largest number of virtual currency kiosks in the United States.
Summary:
The committee heard public testimony on several insurance and consumer protection bills. On engrossed substitute Senate Bill 5928, staff and the Office of the Insurance Commissioner described wildfire risk score and model disclosure requirements for homeowners, including notices when policies are nonrenewed, canceled, or premiums are adversely affected, plus insurer website disclosures about mitigation discounts and rate filing transparency. Supporters, including the OIC, AARP, the mayor of Medical Lake, and a fire chief, said the bill would improve transparency, help homeowners understand and reduce wildfire risk, and protect consumers facing cancellations and rising premiums. Industry witnesses said they supported the goal but warned the bill could add regulatory cost and complexity, and some urged narrower, simpler disclosure language and a delayed implementation date.
On engrossed substitute Senate Bill 6031, which would expand the insurance fraud program and create a standalone Class B felony for insurance fraud, the OIC and AARP supported the bill as a tool against organized fraud and restitution for victims. A criminal defense representative raised concerns that the new felony language overlaps with existing misdemeanor insurance fraud law and could create conflicting statutes and harsher penalties for the same conduct. The committee also heard testimony that the bill had already incorporated amendments limiting criminal investigators’ role in regulatory investigations and focusing them on complex schemes.
The committee then heard substitute Senate Bill 6248 on travel insurance, described as largely mirroring a House bill already passed by the committee. Testimony from the travel insurance industry said agreed-upon amendments had been incorporated, including changes addressing conflict-of-interest concerns, and urged the bill’s advancement. Finally, the committee heard substitute Senate Bill 6079, which would create the Strengthen Washington Homes grant program to fund wildfire home-hardening and prohibit insurers from using wildfire risk as a disqualifying factor for homes meeting IBHS wildfire-prepared standards. The OIC, fire commissioners, AARP, and the prime sponsor supported the bill as a way to reduce nonrenewals and improve insurability, while insurers opposed Section 7, arguing it could interfere with underwriting and should be removed if the bill is to remain a grant program. The committee also began hearing engrossed Senate Bill 5280 on virtual currency kiosks, with staff and the Department of Financial Institutions describing daily transaction caps, fee limits, disclosures, and receipts to curb fraud; consumer protection and law enforcement witnesses supported the bill, while industry witnesses raised concerns about burdens on compliant businesses and passive retail hosts.
AZ
Transcript Highlights:
- You said this is, I mean, an adjustment since 1980, pretty much?
- Yeah, so not just that's the adjustment from 1980, but also speaking to the sales finance statute in
- It's why numerous states over the past six years have made a similar adjustment, including California
- This bill also prohibits a public adjuster and contractor from acting as both the adjuster and the contractor
- The amendment prohibits an adjuster rather than a public adjuster from soliciting services while a loss-producing
Summary:
The Senate Finance Committee considered a lengthy agenda of bills covering consumer lending, insurance coverage, professional scope of practice, property tax administration, digital assets, and aviation tax policy. The committee first approved prior committee amendments, then heard SB 1689 on consumer loan thresholds and rates. After sponsor testimony that the bill modernizes outdated lending caps and lowers rates on larger loans, the committee adopted an amendment but the bill failed on a 3-1 vote, with Senator Epstein arguing the structure would shift costs onto smaller borrowers.
The committee then passed several health-related measures. SB 1347, requiring insurance coverage for fertility preservation services for cancer patients, was amended and passed 4-2 after testimony from the sponsor and cancer survivors; Senator Epstein opposed the religious-employer definition. SB 1165, eliminating cost-sharing for diagnostic and supplemental breast exams, passed 5-1 after testimony from Senator Angus and Susan G. Komen, with supporters saying it would reduce barriers to follow-up screening. SB 1212, barring insurers from reimbursing providers differently based on vaccination status, also passed 4-2 despite concerns that it could undermine vaccination incentive programs.
Other bills advanced or failed after similar debate. SB 1206, addressing contractor and public adjuster conduct after property losses, passed 5-1 with an amendment and support from State Farm. SB 1291, limiting county reassessment and inspections of agricultural property for four years after a successful appeal, passed 5-1 over assessor opposition and farm group support. SB 1649, creating a digital assets strategic reserve fund, passed 4-2 after debate over civil asset forfeiture and whether crypto should be treated as a strategic reserve. SB 1516, expanding an aviation-related tax exemption to aircraft maintenance and repair property, passed 4-1 amid sharp disagreement over whether it was economic development or a tax break for private jets. SB 1554, changing chiropractic statutory language from x-rays to diagnostic imaging, initially failed 3-3 but was reconsidered and later passed 3-2 after additional discussion about its practical effect.
AZ
Arizona 2026 Regular Session
03/31/2026 - House Republican Caucus Calendar #15 & #16
Transcript Highlights:
- Madam Wippin, members, Senate Bill 1432 prohibits federally recognized central bank digital currency
- Senate Bill 1432 prohibits federally recognized central bank digital currency from being recognized as
- The main change in this one is that it went from cryptocurrency to virtual currency.
- The main change in this one is that it went from cryptocurrency to virtual currency.
- The main change in this one is that it went from cryptocurrency to virtual currency.
Summary:
The caucus reviewed a long agenda of Senate bills across elections, commerce, education, government, health and human services, judiciary, public safety, transportation, rural development, and ways and means. Many measures were described as consent or third-read consent items, including bills on campaign finance termination statements and late-report penalties, AI provenance data for media, adjuster/contractor conduct during emergencies, Industrial Commission changes, association meeting closures, banking and remittance rules, central bank digital currency, public safety parity funding, barbering and cosmetology board continuation, digital asset reserve management, contractor licensing, gaming and racing commission continuation, school AED instruction, classroom removal procedures, school safety reporting, special education complaint transparency, foreign influence and land ownership restrictions, DCS and DES process changes, health care licensing and reimbursement rules, EMS compact adoption, and multiple tax, housing, and transportation measures. Staff repeatedly summarized each bill and answered questions, with several bills noted as mirror or identical to House measures or as strike-everything amendments from committees.
A few bills drew discussion. On SB 2874, staff explained that the Senate amendment would limit penalties for untimely campaign finance reports when a committee certifies it received no contributions and made no expenditures, but the sponsor did not concur. SB 1074 prompted questions about whether parental notification changed; staff said it did not and that the bill was aimed at improving communication between teachers and principals about discipline. SB 1175, requiring DCS caseworkers to photograph children at each interaction in abuse or neglect cases, drew concern about the scope of the photos, while supporters said it would improve continuity and documentation. SB 1180 also drew comment because the sponsor and committee chair disagreed over an amendment, though the bill was advanced for further work.
The most extended debate came on SB 1751, which would allow death-row inmates to choose firing squad, lethal injection, or lethal gas if voters approve the related constitutional measure. One member strongly opposed the bill on moral and personal grounds, another argued it could be a more humane option if the state is going to carry out executions, and a third raised concern that it could be used against Second Amendment rights. The bill remained on the third-read consent calendar despite the objections. The caucus concluded after moving through the remaining agenda items, with no formal votes recorded in the transcript beyond committee status and consent-calendar placement.
MN
Transcript Highlights:
- </c> would clearly ban these dual currency would clearly ban these dual currency online<00:50:27.920>
- Can you currency and the sweeps coins.
- What would be defined and banned are the dual currency systems.
- What would be defined and banned are the dual currency systems.
- currency currency game<01:04:08.560><c> that</c><01:04:08.760><c> is</c><01:04:09.160><c> using</c><
AL
Alabama 2025 Regular Session
Alabama House Ways and Means General Fund Committee Apr 16th, 2025
Ways and Means General Fund
Transcript Highlights:
- Um, Bitcoin, Ethereum, things like that or the ETFs that trade in those currencies.
- ...you don't want to put huge amounts, but we talked about in caucus the possible instability of currency
- puts the option in the treasurer's hand if he sees fit to invest and put money in some of these currencies
- This bill addresses virtual currency and declares preemption of virtual currency or cryptocurrency regulation
- by the legislature and exempts virtual currency from tax.
Keywords:
firefighter benefits, occupational disease, line of duty, disability pension, death benefits, retirement benefits, hypertension, heart disease, respiratory disease, cancer presumption, HIV, hepatitis, municipal firefighters, state firefighters, fire districts, workers' compensation, public safety employees, post-retirement benefits, benefit eligibility cutoff, occupational illness
MN
Transcript Highlights:
- something I've been attempting to try to do for a number of years here in the legislature, is it adjusts
- And so this simply does an adjustment of $100 to $250 for individuals and from $200 to $500 for married
- He said the amount has never been adjusted for inflation.
- </c> bill would expand it to include currency bill would expand it to include currency um<00:35:52.720
- </c><00:59:53.119><c> the</c> the landscape or you're adjusting the the landscape or you're adjusting
US
US Federal 2025-2026 Regular Session
Business meeting to consider an original bill entitled, "GENIUS Act of 2025", and S.875, to curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions. Mar 13th, 2025 at 09:00 am
Banking, Housing, and Urban Affairs Committee
Transcript Highlights:
- It lets... a giant commercial company create its own currency, giving it the massive economic power that
- This means that this bill gives Elon Musk the chance to issue his own ex-money currency, monetize our
- And we're pretty sure that Elon Musk would love to issue his own currency to compete with the US dollar
- Just imagine if these companies are issuing their own currencies.
- Dollar backing for stable coins to preserve the American dollar as the world's reserve currency.
Bills:
SB875
Keywords:
banking regulation, federal agencies, reputational risk, financial services, supervision, FIRM Act, bank supervision, depository institutions, federal banking agencies, FDIC, OCC, Federal Reserve, NCUA, CFPB, credit unions, Operation Choke Point, financial discrimination, safety and soundness, supervisory guidance, examination manual
Summary:
This meeting focused on the markup of the Genius Act and the FIRM Act, two significant pieces of legislation addressing stablecoin regulation and the financial industry's regulatory framework. The Chairman noted the importance of providing clarity to the digital asset community and protecting American consumers, while also promoting innovation and competition within the financial sector. Members of both parties expressed varying viewpoints, with some highlighting concerns related to national security and the potential risks associated with stablecoins.
LA
Transcript Highlights:
- These changes are primarily due to a $663,143 net increase from various standard statewide adjustments
- This is primarily due to standard statewide adjustments.
- Existing employees received either a 10% or a 5% adjustment to their base pay.
- You see a devaluation in all the major currencies.
- We import based on the foreign currency. And so it's making it harder for us.
UT
Utah 2025 Regular Session
Law Enforcement and Criminal Justice Interim Committee - November 19, 2025
Law Enforcement and Criminal Justice Interim Committee
Transcript Highlights:
- They're designed to change virtual currency into actual currency, money, and vice versa, exchanging fiat
- currency for virtual currency.
- Section 2 requires a virtual currency kiosk operator to obtain a money transmitter license.
- They're more akin to a currency exchange at an airport, where you can see...
- In this case, it's exchanging physical currency for digital currency.
AZ
Arizona 2026 Regular Session
03/31/2026 - House Democratic Caucus Calendar #14
Transcript Highlights:
- SB 1043, now titled state agencies virtual currency payments, passed committee on a party-line vote and
- Virtual currency payments. We can pull it. Thank you. SB 1180.
- Madam Chair, members, SB 1432, central bank digital currency ban, passed committee on a party-line vote
- Madam Chair members, SB 1432, central bank digital currency ban.
- Madam Chair, members, Senate Bill 1206, now storm-related insurance claims adjusters, passed committee
Summary:
The caucus reviewed a long list of bills, with members instructed to move quickly, note short titles, and pull only selected measures from consent. Many bills were reported as passing committee on party-line votes or with split votes, while others were unanimous. Several members repeatedly requested bills be pulled from consent, especially on contentious topics such as artificial intelligence content verification, gender transition procedures provider liability, vaccine reimbursement rates, light rail expansion feasibility, public employee merit hiring, health board evaluations, rural health funding, patient steering, DCS policies, school safety, virtual currency payments, undocumented immigrants’ financial services, central bank digital currency, and various criminal justice and education measures.
A number of bills drew brief substantive comments or objections. One member criticized SB 1015 on Trans Visibility Day. Another raised concerns about fingerprinting requirements for behavioral health facilities, arguing similar safeguards should apply to universal voucher programs. Judiciary-related bills also prompted strong reactions, including measures on narcotics sentencing for minors, probation and immigration notification, crimes against children monitoring, and a death penalty bill involving firing squad, which drew an explicit objection for the record. Several bills were flagged because of split votes, Democratic no votes, or concerns about funding, constitutional issues, or policy consistency.
The caucus also discussed a blue-sheet amendment to HB 2874 on campaign committee termination statements and penalties. Members asked about the retroactive date, the size of outstanding fines, the Secretary of State’s position, and who offered the Senate amendment. Supporters described it as a cleanup bill that would help committees close out old accounts, while others questioned the retroactive scope and financial impact. The chair ultimately announced that Mr. Winninger was refusing the Senate amendment, so final passage would not occur that day and the measure would instead go to conference committee or remain unresolved.
TX
Texas 89th Regular
Delivery of Government Efficiency Apr 23rd, 2025
Delivery of Government Efficiency
Transcript Highlights:
- So there's another part of the section that you're adjusting; it's actually you're adjusting exactly
- Drug deals are not cash anymore; they are cyber-crypto currency related.
- and sell digital assets, giving us an additional tool to protect against inflation or devaluing currency
- It has a long-term hedge against inflation, currency debasement, and systematic financial risk.
- Texas can hedge against inflation, currency devaluation, and financial shock.
Keywords:
constitutional amendment, fiscal impact, state budget, ballot measure, transparency in voting, management-to-staff ratio, state agencies, employee regulations, government efficiency, workforce management, public information, governing board, transparency, confidentiality, access rights, privacy, identifying information, state agency, consent, occupational license