Video & Transcript Research : 'cap-and-invest'

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WA

Washington 2025-2026 Regular Session

Senate Environment, Energy & Technology Jan 28th, 2026 at 08:00 am

Environment, Energy & Technology

Transcript Highlights:
  • As background, the Department of Ecology administers a cap-and-invest program, which is a market-based
  • We are in a way in that the cap and invest program requires reporting from all these companies, and so
  • Most of these barriers cannot be addressed directly through the cap-and-invest program, end quote.
  • Simplot welcomes targeted funding for EITEs through cap-and-invest program revenues.
  • Emissions from the coal facility are also exempted from coverage under the cap-and-invest program.
Bills: SB6172, SB6246, SB5932
Summary: The Senate Environment, Energy & Technology Committee heard public testimony on three bills. SB 6246 would direct Ecology to recommend a long-term allowance allocation approach for emissions-intensive trade-exposed facilities under the Climate Commitment Act, require facility-specific emissions and decarbonization reporting, and condition future no-cost allowances on those submissions. Supporters said the bill preserves the CCA’s anti-leakage intent while improving accountability and planning for industrial decarbonization; opponents argued it adds burdens, may threaten competitiveness, and could worsen leakage or job losses. Ecology said it generally supports the bill’s approach but recommended streamlining duplicative reporting and noted the work would require significant agency resources. No vote was taken. SB 5932 would provide certainty for low-to-zero-carbon alternative jet fuel production by changing how electricity carbon intensity is calculated for SAF facilities under the Clean Fuels Program and by setting an earlier trigger date for SAF tax preferences, July 1, 2031, if the production threshold is not met first. The bill’s sponsor and industry witnesses from 12 and the City of Moses Lake said it would support investment in Washington’s first SAF facility and future expansion. Ecology and climate advocates opposed the Clean Fuels Program changes, saying they would weaken incentives for new renewable electricity and could increase pollution or create special treatment for one fuel, though Ecology said it had no position on the 2031 tax date. The committee heard extensive testimony but took no vote. SB 6172 would end remaining statutory preferences for a coal-fired generating plant after its scheduled closure date, including the cap-and-invest exemption, limits on additional state emission standards, and a sales tax exemption for coal used at the plant. The sponsor said the bill simply removes now-unneeded transition provisions and affirms Washington’s move away from coal. Environmental groups strongly supported the bill, while utility and business witnesses were generally neutral but raised concerns about possible allowance-market impacts and potential costs to ratepayers if the plant were ever called on in an emergency. The hearing closed without a vote.
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Feb 6th, 2026 at 01:30 pm

Ways & Means

Transcript Highlights:
  • investments in K-12 and health care and child care and public polling shows that Washingtonians across
  • Washington's economy depends on innovation and investment, and I worry that SB 6346 sends the wrong message
  • As background, the Department of Ecology administers a cap-and-invest program, which is a market-based
  • And if this trajectory is not updated beyond that, these allowances could exceed the pollution cap and
  • Investments in higher education strengthen our workforce and our economy.
Summary: The committee first suspended the five-day notice rule for all bills on the agenda by a 15-9 roll call vote, after several senators objected that the main tax bill had not been public long enough and that the fiscal note had just been released. The hearing then focused on Senate Bill 6346, described by staff as a 9.9% tax on Washington taxable income above a $1 million household deduction, with additional charitable deductions, credits for certain taxes, and related changes to the working families tax credit, a grooming and hygiene sales tax exemption, a larger small business B&O credit, and early repeal of the high-grossing business B&O surcharge. Staff said the proposal would raise about $3.5 billion annually once fully implemented, with most revenue going to the general fund and 5% to a public defense stabilization account for counties. Public testimony was sharply divided. Supporters, including labor, anti-poverty, health care, education, and local government advocates, argued the bill would make the tax code more progressive, help fund schools, health care, child care, public defense, and other services, and provide relief through the working families tax credit and lower taxes on working people. Several individuals who would be subject to the tax also testified in support, saying they were willing to pay more to support public services and community investment. Opponents, including business groups, builders, hospitality, rental housing, medical, and taxpayer advocates, warned the bill would function as a tax on pass-through businesses and retained earnings, hurt housing production and small businesses, create cash-flow problems, and potentially drive people and investment out of Washington. Committee members asked questions about the bill’s treatment of pass-through entities, student athletes, nonresidents, capital gains, and whether the measure would eventually expand beyond high earners. Some witnesses and senators also raised constitutional concerns and argued the bill conflicts with Initiative 2111 and the state constitution’s tax provisions. Others noted the bill’s public defense funding and asked for broader or different distribution formulas, including possible support for cities and higher education. No final action on Senate Bill 6346 was taken in the portion of the meeting provided; the committee was still hearing testimony when the transcript ended.
WA

Washington 2025-2026 Regular Session

Senate Environment, Energy & Technology Feb 3rd, 2026 at 01:30 pm

Environment, Energy & Technology

Transcript Highlights:
  • It also directed the Department of Ecology from distributing no-cost allowances under the CAP-invest
  • As a reminder, the bill exempts from the cap-and-invest program emissions from a coal-fired electric-generating
  • The bill exempts from the cap-and-invest program emissions from a coal-fired electric-generating facility
  • to provide recommendations to the legislature regarding no-cost allowance allocation to EITEs in the cap-and-invest
  • and be sent to the Ways and Means Committee.
Summary: The Senate Environment, Energy, and Technology Committee took executive action on 11 bills, with staff briefing each measure and members considering multiple proposed substitutes and amendments. The committee advanced bills on an Appliance Affordability Index study (SB 624), emerging large energy use facilities/data centers (SB 6171), AI systems (SB 6284), cultural resource protection under SEPA (SB 5609), coal plant treatment under cap-and-invest and tax law (SB 6172), emissions-intensive trade-exposed facilities (SB 6246), low-to-zero-carbon alternative jet fuel production (SB 5932), motor fuel definitions (SB 6269), community-scaled weatherization projects (SB 6223), lead in cookware (SB 5975), and electric transmission system modernization (SB 5466). Several bills were described as technical or policy updates tied to climate, energy reliability, consumer protection, and land-use review. Members debated a number of substantive changes. On SB 6171, the committee rejected an amendment to remove the proposed fee on data centers and instead advanced a substitute that retained tariff, reporting, and utility-related provisions; testimony emphasized both competitiveness for data centers and ratepayer protection. On SB 6284, the committee advanced a substitute that refined definitions, added human-consideration language, extended risk-management duties to developers with exemptions for smaller entities and certain sectors, and clarified enforcement. On SB 5609, an amendment to delay or restructure cultural-resource requirements was not adopted, and the committee moved forward a substitute requiring local ordinances and a governor-led task force; supporters stressed protecting irreplaceable cultural resources, while opponents raised housing and implementation concerns. The committee also adopted an amendment to SB 6172 related to emergency DOE orders for a coal facility, then advanced the bill; it moved SB 6246 forward without amendment; and it adopted a substitute for SB 5932 intended to preserve tax incentive certainty for alternative jet fuel producers over a 10-year period. For SB 5975, the committee rejected one substitute and adopted another that tightened lead restrictions in cookware and shifted future regulation to the Safer Products Program. On SB 5466, the committee rejected several amendments on wildfire risk, corridor planning, landowner consultation, eminent domain, and liability, then advanced the proposed second substitute to Ways and Means. Most bills were reported out of committee with due pass recommendations, several to Ways and Means and others to Rules, and the meeting adjourned after all executive actions were completed.
TX

Texas 89th 1st C.S.

Local Government Aug 1st, 2025

Local Government

Transcript Highlights:
  • And I was... ...law enforcement and fire as well as the 2.5 cap that this bill is looking at, and I'm
  • more attractive for investment and growth.
  • And the cap is 20,000 above that.
  • And so, for instance, we're under the revenue cap of 3.5 percent, and the city manager and the fire chief
  • Dallas has invested heavily in public safety and policy and staffing, and with our new Police Academy
Bills: SB9
Summary: The Senate Committee on Local Government met to hear Senate Bill 9, which would lower the voter-approval tax rate for certain local taxing units from 3.5% to 2.5%. Sen. Bettencourt, the bill author, argued the change would continue the state’s property tax reforms begun in 2019, slow local levy growth, and give voters more say over larger tax increases. He and supporters cited data showing property tax levies have grown faster than population plus inflation, and said the bill would help protect taxpayers while preserving the state’s broader investments in school tax relief, water, rural law enforcement, and ambulance funding. Supporters included the Texas Taxpayers and Research Association, the Texas Association of Business, the Texas Public Policy Foundation, and the Texas Association of Manufacturers. They said the bill would improve transparency, encourage more disciplined budgeting, and create certainty for homeowners and businesses. They argued that lower tax-rate growth would help attract and retain employers and investment, and that voters would still be able to approve higher rates when needed. Local officials and other opponents said the bill would constrain cities and counties facing rapid growth, inflation, infrastructure needs, and public safety costs. Testimony from county judges, city finance officials, firefighters, and urban county representatives emphasized pressures from jail operations, roads, water, EMS, police and fire staffing, and unfunded mandates. Several witnesses asked for carve-outs or exemptions for public safety and disaster-related costs, warning that a one-size-fits-all cap could force service cuts or shift costs elsewhere. The committee heard extensive questioning but no final vote or disposition on the bill was taken in the portion provided.
AL

Alabama 2026 Regular Session

Alabama Senate Transportation and Energy Committee Apr 2nd, 2026

Transportation and Energy

Transcript Highlights:
  • What this piece of legislation would do is it would take the cap of the $250 million off, and now if
  • of the $250 million would take the cap of the $250 million off<00:05:31.360><c> and</c><00:05:31.480
  • And there is a cap. There's a $500,000 cap per project over the 250. There is no cap under the 250.
  • And there is a cap. There's a $500,000 cap per project over the 250. There is no cap under the 250.
  • And there is a cap. There's a $500,000 cap per project over the 250. There is no cap under the 250.
Bills: HB542
TX

Texas 89th 2nd C.S.

Intergovernmental Affairs Mar 18th, 2025

Intergovernmental Affairs

Transcript Highlights:
  • That's very clear and that's why in our firm's case more than 5 billion in private investment has come
  • When we're talking about 4% and 9% tax credits, 60% AMI is the cap.
  • If long-term agreements that were entered into by private investment companies and lending criteria were
  • Nicholas Dalton: ...people are able to pay rent, cover medical expenses, buy groceries, and invest in
  • help from the federal government and the state government that put caps on the income that you can earn
Bills: HB21, HB211, HB223
TX

Texas 89th 2nd C.S.

S/C on Disease Prevention & Women's & Children's Health Apr 3rd, 2025

S/C on Disease Prevention & Women's & Children's Health

Transcript Highlights:
  • And And 22 and 23, for instance. Uh, physical report and this report comes directly from um.
  • Grants are capped at 250,000 per year, and the recipient must submit annual reports evaluating the AI
  • Invest in essential equipment and resources and recruit a diverse workforce for maternal healthcare providers
  • And, and then a few more things, and, and I'll be quick. No, you're good.
  • And I, and I am very sorry. I know it feels rude and cold and all that stuff.
Bills: HB46
AL

Alabama 2026 Regular Session

Alabama House Transportation, Utilities and Infrastructure Committee Mar 11th, 2026

Transportation, Utilities and Infrastructure

Transcript Highlights:
  • > have</c> sorts of things and um and and we have sorts of things and um and and we have coexisted<00
  • In 2025 alone, Spectrum spent and invested $375 million on either serving your constituents or employing
  • In 2025 alone, Spectrum spent and<00:33:00.399><c> invested</c><00:33:01.120><c> $375</c><00:33:02.159
  • ><c> million</c><00:33:02.799><c> on</c><00:33:03.039><c> either</c> and invested $375 million on either
  • and invested $375 million on either serving<00:33:04.399><c> your</c><00:33:04.640><c> constituents<
TX

Texas 89th Regular

S/C on Disease Prevention & Women's & Children's Health Apr 3rd, 2025

S/C on Disease Prevention & Women's & Children's Health

Transcript Highlights:
  • and families informed of research and trial opportunities.
  • Grants are capped at $250,000 per year, and the recipient must submit annual reports evaluating the AI
  • And the consequences of that are life and death for mothers across Texas and their babies.
  • And I'll come and sit and have tea with you and talk more about it if you'd like.
  • And so my husband and I said, "Well, we're doing what's best for her," and that was reassured by our
MN

Minnesota 2025-2026 Regular Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 4/9/26

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • c><00:09:48.240><c> you're</c> investments have been made and you're investments have been made and you're
  • over and over, which creates investment and expenditures on their side, and then we say, my bad.
  • > investment</c><00:14:39.680><c> and</c> over which creates investment and over which creates investment
  • </c> capital investment and having a little capital investment and having a little heartburn<00:33:42.880
  • And so, that through capital investment.
Bills: HF3217, HF2252
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 4/9/26

Taxes

Transcript Highlights:
  • Programs like mine and partnerships like this one with Sanford Bemidji don't happen without investment
  • It improves the quality of life for all, and that is what Hennepin Health does, and it's worth investing
  • It improves the quality of life for all, and that is what Hennepin Health does, and it's worth investing
  • So, sustaining this accreditation, safety, and modern care requires sustained capital investment.
  • </c> investments and economic goals related investments and economic goals related to<01:09:25.000><c
Bills: HF4841, HF4234, HF3697
TX

Texas 89th Regular

State Affairs May 19th, 2025

State Affairs

Transcript Highlights:
  • Chairman and members.
  • Chairman and members.
  • Introduce yourself and go ahead. Okay, and I have a handout.
  • It needs its due research and time, and it does need to be heavily regulated and prescribed.
  • , and the Senate team that gets everything in place and keeps this broadcast and keeps everything working
Bills: HB46, HB272
Summary: The Senate Committee on State Affairs heard several House bills and took no final votes, leaving each bill pending after testimony. HB 272 would align venue and evidentiary rules for fraudulent use or possession of credit/debit card information with existing credit card abuse law; the sponsor said it would improve prosecutions, and the Texas Financial Crimes Intelligence Center supported it. HB 1661 would increase penalties for certain election-related offenses, including failure to distribute election supplies and early release of election results; no substantive opposition was heard. HB 551 would protect the residential addresses of people who receive campaign expenditures on public Texas Ethics Commission reports, similar to donor privacy protections, and a witness from Texas Eagle Forum later indicated support for the privacy change. The committee also heard HB 2820, which would raise the amount charitable bingo organizations may keep in operating capital from $50,000 to $100,000. The sponsor and a Texans for Charitable Bingo representative said inflation and operating costs have made the current cap too low and that the bill would help charities maintain stable operations without expanding gaming. HB 3181 would impose stronger consequences for repeated denial of court-ordered child possession and access, including limiting probation and requiring attorney’s fees after multiple contempt findings; a family court judge and a parent testified in support, while another witness argued the bill should be paired with stronger criminal enforcement and that parents already face high costs. HB 4157 would update Texas law for commercial spaceflight by recognizing liability waivers and preserving workers’ compensation rights; no one testified against it. The committee also heard HB 4145, which would let health care providers satisfy a timely billing requirement by sending bills to a patient’s legal representative in a personal injury case, closing what supporters described as a loophole in letter-of-protection situations. Finally, HB 46, relating to the Texas Compassionate Use Program, drew the most extensive discussion: supporters said it should expand access for legitimate medical cannabis patients and add more delivery methods and conditions, while opponents warned against broader marijuana expansion and questioned adding chronic pain and other conditions. The sponsor said he still supports the program and wants a balanced, regulated expansion, but noted the bill is still being worked on. All bills were left pending at the close of the hearing.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 4/15/26

Taxes

Transcript Highlights:
  • That is the cap that's currently under state law, and so this bill would just reduce that cap to be either
  • things we must invest in and end in Minnesota.
  • things we must invest in and end in Minnesota.
  • > things we must invest in and end in things we must invest in and end in Minnesota.<01:04:11.080><c>
  • ><01:04:47.720><c> Life</c> what we're investing in and to our Life what we're investing in and to our
TX

Texas 89th 2nd C.S.

Finance Aug 15th, 2025

Finance

Transcript Highlights:
  • operated and maintained for the purposes of erosion, floodwater, and sediment control.
  • operated and maintained for the purposes of erosion, floodwater, and sediment control.
  • the STAAR test and replacing it with three tests: the beginning of the year, middle of the year, and
  • counties, from three and a half to two and a half.
  • counties, from three and a half to two and a half.
Bills: SB2, SB3, SB5, SB9, SB10, SB14, SB16, SB34, SB18
Summary: The Senate Committee on Finance met in the second special session and considered a series of bills, mostly related to flood response, water infrastructure, taxation, school accountability, property fraud, and legislative procedure. Senator Zaffirini presented SB 18 on TCEQ permit exemptions for certain erosion, floodwater, and sediment control dams or reservoirs; Senator Perry presented SB 2 on flood relief preparedness, SB 14 on credit impact fees and water supply/conservation incentives, and SB 5 on Hill Country relief funding; Senator Bettencourt presented SB 3 on early warning flood sirens, SB 9 on replacing STAAR with three annual tests and strengthening A-F accountability, and SB 10 on lowering the rollback tax rate from 3.5% to 2.5%; Senator West presented SB 16 on property transaction ID requirements and new real property theft/fraud offenses; and Chair Huffman laid out SB 34, which changes legislative witness immunity rules from transactional immunity to testimonial immunity consistent with federal law. The committee also heard brief explanations that several bills were the same as versions previously passed by the Senate or committee, and there was limited public testimony, with no witnesses on most bills and only position cards on SB 16. Senator West raised a concern on SB 10 about a possible carve-out for police pay raises, but Senator Bettencourt said no change would be made at that time. For SB 34, Chair Huffman explained the bill would still allow compelled testimony before the legislature but would no longer provide blanket immunity, while preserving the right to counsel. The committee voted favorably on all bills considered. SB 18, SB 2, SB 14, SB 3, SB 16, SB 5, and SB 34 were reported out unanimously or near-unanimously, while SB 9 passed 10-1 and SB 10 passed 8-3. At the end of the meeting, Senator West requested to be shown voting nay on SB 9, and the chair granted unanimous consent. The committee then recessed subject to the call of the chair.
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Feb 9th, 2026 at 10:30 am

Ways & Means

Transcript Highlights:
  • It's listed on the agenda where we'll get briefings on a group and then caucus and come back and vote
  • amendment is approved by December 2026, capping the tax rate at 9.9% and setting the minimum standard
  • and have passed rigorous testing and a cybersecurity and a certification process.
  • Legislature regarding non-cost allowance allocation to emissions-intensive trade-exposed facilities in the Cap-and-Invest
  • And then Amendment 66 and 69 are both offered by Senator Conway and the Senate.
TX

Texas 89th Regular

Intergovernmental Affairs Aug 22nd, 2025

Intergovernmental Affairs

Transcript Highlights:
  • Texas needs more investment in maintaining and improving. ...resilient and reliable grid.
  • Investment itself would be prevented by the cap, and the ongoing operational costs—hiring firefighters
  • Merit of coming and living in our town and making a huge investment, and then by voting for us.
  • Bill and be subject to the caps. Gotcha.
  • We do need to invest in the Grid soon and quickly and in a big way.
Bills: HB26, HB73, SB 14, HB46
TX

Texas 89th Regular

Ways & Means May 19th, 2025

Ways & Means

Transcript Highlights:
  • This will reflect voter support and allow Coppell to invest in critical infrastructure that, in turn,
  • Chairman and members.
  • And it should only be done when there is overwhelming consensus and in an appropriate manner.
  • And then propose one following.
  • And with that, I thank you all for your time and look forward to any questions.