Transcript Highlights:

• Uh, we have our corporations meeting for Friday, February 13th.
• The platform of the Wyoming Republican Party are principles that we believe should govern the law.
• </c> that we believe should govern the law. that we believe should govern the law.
• </c> project and not let the government project and not let the government decide<00:40:26.240><c> that
• </c> wondering what you think of a government wondering what you think of a government putting<00:49:

Bills: SF0082

Keywords: registered agents, corporate governance, entity ownership, business regulations, transparency, 916, all

Transcript Highlights:

• The Senate Corporations Committee will come to order.
• that could be out-of-state corporations.
• </c> Wyoming companies or large corporations Wyoming companies or large corporations that<00:03:23.760
• </c> that could be out of state corporations. that could be out of state corporations.
• </c><00:15:15.120><c> a</c> send out to those new corporations a send out to those new corporations a

Bills: SF0082

Keywords: registered agents, corporate governance, entity ownership, business regulations, transparency, 916, all

Transcript Highlights:

• </c><00:26:24.080><c> career</c><00:26:24.480><c> corporate</c> I'm uh also a corporate career corporate
• Corporate rights versus corporate powers.
• power in politics and and corporate power in politics and government.<00:47:22.560><c> Uh</c><00:47:
• </c><01:04:04.400><c> interest</c> corporations public interest corporations public interest corporations
• <01:04:05.680><c> corporation</c><01:04:06.559><c> entities</c> corporations corporation entities corporations

Bills: HF4133, HF3419

Keywords: homeowner's insurance, peace officer, property damage, just compensation, exclusion policy, corporate powers, entity law, business corporations, nonprofit corporations, LLC, limited liability company, cooperative, partnership, trust, foreign entity, campaign finance, election spending, political spending, ballot measure, ballot initiative

Transcript Highlights:

• keep Minnesota as up to date as possible with best practices and developing norms in corporate governance
• </c> corporate governance it was carefully corporate governance it was carefully designed<00:01:40.200
• </c><00:01:43.880><c> law</c> process within the uh corporate law process within the uh corporate law
• Like, this is corporate law. I don't trust corporate corporations or their lawyers, you know.
• </c> corporate law I don't trust corporate corporate law I don't trust corporate corporations<00:15:13.120

Bills: HF747, HF360

Keywords: corporate governance, shareholder rights, beneficial ownership, defective corporate acts, Minnesota Business Corporation Act, trusts, Uniform Trust Code, probate, estate planning, trust protector, directed trust, investment trust advisor, distribution trust advisor, excluded fiduciary, decanting, power of appointment, revocable trust, irrevocable trust, uneconomic trust, rule against perpetuities

Transcript Highlights:

• I have been active in the governance committee, the nominating committee, and I am presently on the audit

Bills: HB3057, HB3279, HB4428, HB3420

Keywords: government reporting, information technology, child welfare, environmental policy, state agency compliance, employment restrictions, state officers, prohibited acts, government contracts, public service, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty

Summary: The Senate Committee on Retirement and Insurance met and first passed House Bill 3057, which removes obsolete statutorily required reports identified in a Loft review to streamline agency reporting requirements. Senator Kirt asked whether any agency functions were being eliminated, and Senator Rader said some reporting-related functions would no longer be required, citing the organized retail crime task force final report as an example. The bill passed 7-0. The committee then unanimously confirmed Marla Tharp to another four-year term on the Board of Trustees of the Teachers’ Retirement System of Oklahoma, with members discussing her service, the system’s unfunded liability, and her long career in school administration. After that, House Bill 3279 passed 9-0. That measure raises the conflict-of-interest certification threshold to contracts of $25,000 or more, bars involved officers or employees from taking jobs with the winning contractor for one year, and clarifies that another person may sign for a director. Senators asked how broadly the restriction applies and whether the change addressed existing loopholes. House Bill 4428 also passed, 7-2, after debate and amendment. The bill directs pension boards and proxy advisors to focus on pecuniary factors in investment and proxy voting decisions, while limiting reliance on non-pecuniary considerations unless they affect financial risk or return. Amendments added language requiring entities to be headquartered and operate in the United States and aligned the bill’s investment-purpose language with existing statute. Senator Kirt opposed the measure, arguing it could unduly limit long-term considerations and proxy voting. Finally, House Bill 3420 passed 8-0. Described as part of a bipartisan effort informed by the state auditor and Loft, it makes several changes to the Oklahoma Central Purchasing Act, including limiting pilot procurement testing to one year, removing flex benefit plan acquisitions from certain bidding exemptions, clarifying that professional services need not be bid, and posting sole-source and sole-brand reports on the OMES website instead of sending them to legislative leadership. Senators questioned several deletions and additions, and the author said the bill was intended to clean up procurement rules and reduce opportunities for waste or abuse.

Transcript Highlights:

• But the reality is when it comes to all of these government entities with their fingers in the pot, we
• It's updating some outdated provisions to better reflect how corporations actually operate in Today's
• It's creating or modernizing our corporate structure so that we can invite Those businesses here and
• our corporations and our businesses or our companies, LLCs.
• This is bringing us in line with today's standards in terms of laws that govern corporations and LLCs

Bills: HB3081, HB3127, HB3128, HB3498, HB2035

Keywords: fire extinguisher, licensing, public safety, age qualification, State Fire Marshal, medical marijuana, employment rights, safety-sensitive positions, workplace policies, public assistance, workforce development, economic competitiveness, task force, apprenticeships, training programs, training barriers, business growth, industry coordination, business entities, corporation law

Transcript Highlights:

• I have been active in the governance and nominating committee and I am presently on the audit committee

Bills: HB3057, HB3279, HB4428, HB3420

Keywords: government reporting, information technology, child welfare, environmental policy, state agency compliance, employment restrictions, state officers, prohibited acts, government contracts, public service, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty

Transcript Highlights:

• I didn't write this bill—but um, there's no central governance. So I know this is all crazy.
• So I guess the best analogy would be shareholders to a corporation.
• But that's their governance; that's how they operate.
• </c><00:27:06.240><c> that's</c> done but that's their governance that's done but that's their governance
• So as the federal government, I'm sure you all have been following that.

Bills: HB168, HB220, SB187, SB270, SB265, SB220, SB242, SB277

Keywords: loitering, mask policies, school safety, crime prevention, public health, board appointments, governor authority, multi-member boards, state governance, legislative authority, Alabama Business and Nonprofit Entities Code, Title 10A, corporate governance, nonprofit governance, business corporations, nonprofit corporations, LLC, limited liability company, partnership, limited partnership

Transcript Highlights:

• bill, House 2235, dealing with Medicare supplements, incorporates the governor's proposal for a government-funded

Bills: HF1224, HF1615, HF2403

Keywords: foreclosure, mortgage postponement, homeowners, redemption period, Minnesota Statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Bills: HF1224, HF1615, HF2403

Keywords: foreclosure, mortgage postponement, homeowners, redemption period, Minnesota Statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Transcript Highlights:

• Article 5 is Modifications to the Minnesota Business Corporations Act.
• And this includes new sections regarding what to do when there's a defective corporate act.
• This includes new sections regarding what to do when there's a defective corporate act. to changes in
• But HF 2426 would consolidate power in the hands of these large corporations.
• But think about the people and not the corporations. Thank you. Thank you.

Bills: HF1545, HF2426, HF1615, HF2403

Keywords: medical cannabis, cultivation, cannabinoid products, plant canopy, Minnesota statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Transcript Highlights:

• .<00:49:13.680><c> That</c> governments.
• That governments.
• And not coincidentally, corporations.
• It's a ploy by the corporate<01:15:06.000><c> by</c><01:15:06.320><c> corporate</c><01:15:06.640><c>
• cannabis</c><01:15:07.040><c> to</c> corporate by corporate cannabis to corporate by corporate cannabis

Bills: HF1545, HF2426, HF1615, HF2403

Keywords: medical cannabis, cultivation, cannabinoid products, plant canopy, Minnesota statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Transcript Highlights:

• Uh, HB 391 is a simple bill that creates a corporate structure that allows a nonprofit insurance company

Bills: HB372, HB361, HB391, HB372, HB361, HB391

Keywords: Elmore County, rental tax, tax revenue, infrastructure funding, economic development, Ma-Chis Lower Creek Indian Tribe, tribal police, reservation security, state-recognized tribe, law enforcement authority, certified police officer, Peace Officers' Standards and Training Commission, P.O.S.T., trespass, warrantless arrest, tribal land, sovereignty, public safety, Indian tribe, reservation

Transcript Highlights:

• on the best practices and developing norms in corporate governance.
• These are the laws that govern a corporation and how the owners and the officers interact with each other
• This is not the law that governs how the corporation interacts with the world outside; it's how they
• law that governs how the corporation<00:29:54.559><c> interacts</c><00:29:55.039><c> with</c><00:29:
• </c> called the model business Corporation called the model business Corporation act<00:30:23.159><c>

Bills: HF747, HF1014, HF320, HF400

Keywords: corporate governance, shareholder rights, beneficial ownership, defective corporate acts, Minnesota Business Corporation Act, Minnesota Insurance Guaranty Association, MIGA, insurance guaranty fund, insurer insolvency, covered claim, net worth threshold, high-net-worth insured, financial information request, insurance claims, self-insured retention, deductible, commercial insurance, insurance regulation, Minnesota Statutes 60C.09, guaranty association

Transcript Highlights:

• the government...
• No one is going to want to contract with a government entity if the government entity is going to make
• contracts, government construction contracts.
• solely by the government.
• Texas can lead while the federal government has failed.

Bills: SB75, SB715, SB776, SB1299, SB1405, SB1968, SB2021, SB2077, SB2148, SB2321, SB2330, SB2411

Keywords: electric generation, reliability, ERCOT, Public Utility Commission, penalties, performance requirements, energy policy, construction contracts, compensatory damages, government delays, contractor, legislation, nonprofit donor privacy, membership lists, supporter confidentiality, volunteer privacy, association rights, public records exemption, Texas Public Information Act, government transparency

Transcript Highlights:

• Government neutrality, government accountability and transparency, and employee freedom—freedom from
• Texas government is founded on the idea that small government leads to big possibilities.
• How much does this cost the government?
• They don't work for the government. I'm just saying, it's not the role of the government.
• This is not the role of government.

Bills: SB75, SB715, SB776, SB1299, SB1405, SB1968, SB2021, SB2077, SB2148, SB2321, SB2330, SB2411

Keywords: electric generation, reliability, ERCOT, Public Utility Commission, penalties, performance requirements, energy policy, construction contracts, compensatory damages, government delays, contractor, legislation, nonprofit donor privacy, membership lists, supporter confidentiality, volunteer privacy, association rights, public records exemption, Texas Public Information Act, government transparency

Transcript Highlights:

• It's the proper role of government.
• Texas government is founded on the idea that small government leads to big possibilities.
• The government has withheld $66 million over 10 years. How much does this cost in the government?
• The government has withheld $66 million over 10 years. How much does this cost in the government?
• They don't work for the government. I'm just saying it's not the role of the government.

Bills: SB75, SB715, SB776, SB1299, SB1405, SB1968, SB2021, SB2077, SB2148, SB2321, SB2330, SB2411

Keywords: electric generation, reliability, ERCOT, Public Utility Commission, penalties, performance requirements, energy policy, construction contracts, compensatory damages, government delays, contractor, legislation, nonprofit donor privacy, membership lists, supporter confidentiality, volunteer privacy, association rights, public records exemption, Texas Public Information Act, government transparency

Summary: The Senate Committee on Business and Commerce heard Senate Bill 2021 by Senator Johnson, as substituted, on distributed energy resources (DERs). Johnson said the bill was intended to create a regulatory framework for DERs and virtual power plants, address interconnection and registration issues, and prevent regulatory capture as the industry grows. Testimony was split: Texas Electric Cooperatives asked for clarification so co-ops would not be unintentionally excluded from owning or operating DERs; AECT supported the bill as providing needed rules and customer protections; TABA, Texas Solar and Storage Association, Sierra Club, Texas Solar Energy Society, and several others opposed it or raised concerns that it was too utility-centric, imposed red tape, and could burden homeowners and small businesses with registration and interconnection requirements. Johnson repeatedly said the bill was not meant to stop rooftop solar or backup systems and that he was open to specific redlines and further changes. SB 2021 was left pending after testimony. The committee then took up Senate Bill 2330 by Senator Parker, which would end government payroll deduction for dues to certain public employee organizations, while exempting first responders under Chapters 143 and 147 and making other conforming changes in a committee substitute. Parker argued the bill was about government neutrality, transparency, and employee freedom from coercion, and said organizations can collect dues directly using modern payment methods. Supporters from Texas Public Policy Foundation, Texas Business Coalition, Freedom Foundation, ABC Texas, and Texans for Fiscal Responsibility said taxpayer-funded payroll systems should not be used to collect dues for private organizations, especially ones involved in political activity. Opponents, including ATPE, Texas Classroom Teachers Association, Texas Public Employees Association, and correctional employees, said payroll deduction is a convenient, secure service that helps professional associations and employee groups, and argued the bill would burden teachers and other public employees. Several witnesses and senators focused on the bill’s exemptions and whether it treated teachers differently from first responders. Senator Menendez questioned why some public employees were excluded while others were not, and a Houston police union representative said he moved from opposing to supporting the bill after being told the substitute would preserve meet-and-confer deductions under Chapters 143 and 147. Senator Parker closed by saying the bill was not meant to eliminate associations or payroll deduction entirely, only to remove the state as a middleman. SB 2330 was left pending, and the committee then recessed subject to call.

Transcript Highlights:

• But the idea is government contracts, government construction contracts.
• But the idea is government contracts, government construction contracts.
• The government delays the project.
• The government delays the project.
• The government delays the project.

Bills: SB75, SB715, SB776, SB1299, SB1405, SB1968, SB2021, SB2077, SB2148, SB2321, SB2330, SB2411

Keywords: electric generation, reliability, ERCOT, Public Utility Commission, penalties, performance requirements, energy policy, construction contracts, compensatory damages, government delays, contractor, legislation, nonprofit donor privacy, membership lists, supporter confidentiality, volunteer privacy, association rights, public records exemption, Texas Public Information Act, government transparency

Summary: The committee first took up pending business and favorably reported several bills without objection or by recorded vote, including SB 783, SB 1238, SB 1706, SB 1791, SB 458, SB 1644, and SB 1810, with some of them also sent to the local and uncontested calendar. The committee then moved into hearings on additional bills. SB 1968, by Senator Schwertner, would update the Real Estate License Act by repealing subagency, requiring written buyer-agent agreements before showings, and clarifying when a formal buyer representation agreement must be signed. Texas Realtors testified in support, saying the bill modernizes agency rules and increases transparency, while a committee substitute corrected drafting issues. SB 2411, the annual update to the Texas Business Organizations Code, was also laid out and left pending after supportive testimony from the Texas Business Law Foundation and drafting committee representatives. The committee also heard SB 2321, which would codify ERCOT’s current practice of notifying TCEQ when backup generation needs enforcement discretion for grid reliability; Sierra Club and a chamber of commerce witness supported it with suggestions for clearer emissions reporting, and the bill was left pending. SB 2077 would broaden eligibility for the Texas Mutual Insurance Company board by narrowing conflict restrictions tied to insurance-related interests; Texas Mutual supported the change and the bill was left pending. SB 1405, a broadband bill, would align state law with FCC standards and streamline Broadband Development Office processes; it was left pending after supportive testimony. SB 1299, protecting nonprofit donor privacy, drew support from privacy advocates and concerns from one witness about transparency for publicly funded nonprofit operations; it was left pending. The committee then heard SB 776, which would bar government construction contracts from shifting delay damages to contractors when delays are caused solely by the public owner. Contractors, surety representatives, and water infrastructure advocates supported the bill, arguing it would improve fairness and reduce inflated bids, while water utilities and critical infrastructure entities opposed it, warning of more litigation and higher costs; the bill was left pending. Finally, SB 715, which would apply reliability requirements retroactively to all generation resources in ERCOT, drew opposition from renewable and storage groups and support from some critics of renewable subsidies, with witnesses split over whether it would improve reliability or raise costs; testimony was underway when the transcript ended.

Transcript Highlights:

• Chair, with that, we have Sam Smith with us, who is the government affairs director from the Minnesota
• Chair, with that, we have Sam Smith with us, who is the government affairs director from the Minnesota
• Chair, with that, we have Sam Smith with us, who is the government affairs director from the Minnesota
• Chair, with that, we have Sam Smith with us, who is the government affairs director from the Minnesota
• I'm lowly government affairs director, but, uh, you know, this is well deserved.

Bills: HF1546, HF2403, HF2389, HF2398

Keywords: fire safety, public safety, statewide fire code, code cleanup, repeal, obsolete statutes, matches, strike-anywhere matches, safety matches, match packaging, match storage, tent safety, flame resistant tents, public assembly tents, flammable materials, fire code modernization, Minnesota Statutes chapter 325F, commerce policy, financial institutions, insurance regulation

Transcript Highlights:

• Members, this is an update to Oklahoma's General Corporation Act. Act.

Bills: SB1824, SB1813, SB1326, SB1277, SB1937, SB1217, SB1826, SB1641

Keywords: corporation, corporate governance, business entities, Oklahoma General Corporation Act, limited liability company, LLC, shareholder rights, beneficial owner, controlling shareholder, control group, interested director, fiduciary duty, books and records inspection, corporate records, ratification, defective corporate acts, putative stock, stock issuance, treasury shares, rights and options