Transcript Highlights:

• You have a trustee who's a fiduciary, holding assets for the benefit of the beneficiary.
• <00:19:27.080> relationship<00:19:27.720> you you have a fiduciary relationship you
• you have a fiduciary relationship you have<00:19:27.960> a<00:19:28.080> trustee<00:19
• a trustee who's a fiduciary um have a trustee who's a fiduciary um holding<00:19:30.679> assets
• who can do things like fiduciary who can do things like Investments<00:32:37.559> make<00:32:

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:

• So my understanding is, as written, nothing in this bill would overshadow fiduciary duties, right?
• I am carrying another bill that deals more specifically with just fiduciary duty, but...
• I am carrying another bill that deals more specifically with just fiduciary duty, but this has to do

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:

• So my understanding is, as written, nothing in this bill would overshadow fiduciary duties, right?
• Yes, I am carrying another bill that deals more specifically with just fiduciary duty.

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:

• Kevin Friel, Executive Director, Pension Fiduciary.
• including language that would clearly exempt an individual deemed incompetent for purposes of the VA fiduciary
• Without this clarification, veterans or survivors determined to need a fiduciary for VA purposes may
• her. her five children to know that she chose love over money, but is now viewed as her children's fiduciary
• Active duty service members should not have to pay for claims assistance prior to transition, and no

Bills: SB124, SB201, SB275, SB410, SB478, SB607, SB610, SB611, SB654, SB702, SB787, SB831, SB892

Keywords: Department of Veterans Affairs, disciplinary procedures, accountability, personnel actions, whistleblower protection, cancer, military, aircrew, veterans, health study, toxins, morbidity, mortality, service members, mental health, community care, accessibility, treatment programs, substance abuse, appointments

Summary: During the meeting, various members engaged in extensive discussions surrounding 15 proposed bills related to veterans' affairs. Notably, concerns regarding recent VA workforce changes sparked debates, particularly about potential cuts and their implications for veterans' care and benefits. Chairman Moran emphasized the need for thoughtful reforms and coordination with stakeholders, urging responsible measures to prevent negatively impacting service delivery. The meeting highlighted a significant bipartisan effort to enhance veterans' access to essential health services, particularly in light of recent challenges faced by the VA workforce. Senator Blumenthal's assertions about the urgent plight of veterans due to cuts in personnel drew strong reactions, showcasing the deep concern among committee members regarding the current state of veteran services.

Transcript Highlights:

• investing in speculative investments and using any insider information obtained while performing official duties
• Treasurer to enter into a contract with a third party if the Treasurer is unable to conduct its fiduciary
• duties.
• It’s just a disaster backup plan: if we were not able to perform the duties for whatever reason, whether
• chairman representative it's just a disaster backup plan that if we were not able to perform the duties

Bills: HB2056, HB2202, HB2207, HB2224, HB2303, HB2344, HB2532, HB2759, HB2798

Keywords: brackish water, groundwater, desalination, water resources, feasibility study, environmental impact, dementia care, telementoring, healthcare education, rural communities, grant funding, braille, disability access, education funding, state corrections, inclusion, produce incentive, agriculture, economic support, funding

Transcript Highlights:

• The governor can suspend from office any board member for several reasons, including neglect of duty
• and inability to perform official duties.
• licensing can remove any member of the Board of Nursing for misconduct, incapacity, or neglect of duty
• in Utah, the Director of Professional Licensing may remove a board member for failing to fulfill duties

Bills: S0428, S0606, S0192, S0162, S0340

Keywords: drowning prevention, water safety, swimming lessons, swim vouchers, child drowning, infant safety, toddler safety, pool safety, bath safety, safe bathing practices, postpartum education, newborn care, childbirth education, birth centers, home birth providers, Department of Health, public health, water competency, swim instruction, infant supervision

Summary: The Senate Health Policy Committee met with a quorum and took up several health-related bills, with a strong focus on drowning prevention and patient safety. SB 428 by Senator Yarborough would expand Florida’s swim lesson voucher program from children ages 0-4 to ages 1-7. Supporters, including a pediatric emergency physician and YMCA leadership, cited Florida’s high child drowning rates and argued that swim lessons reduce risk and should be available to more children. Senator Harrell noted the need to consider increasing the program’s funding as eligibility expands. The bill was reported favorably. The committee also heard SB 606 by Senator Smith, which adds drowning prevention and safe bathing education to postpartum materials provided by hospitals, birthing centers, and, after amendment, no longer home birth providers. A parent who lost a child to drowning testified in support, and senators emphasized the preventability of such deaths. The bill, as amended, was reported favorably as a committee substitute. SB 340 by Senator Harrell would require nursing students to complete a two-hour human trafficking course before licensure; after a strike-all amendment shifted the requirement from nursing programs to the students themselves, the bill received support from advocates and was reported favorably as a committee substitute. The committee also considered SB 162 by Senator Davis, which would require hospitals and ambulatory surgical centers to adopt policies for using smoke evacuation systems during procedures that generate surgical smoke. The sponsor said the equipment is relatively inexpensive and already common in many facilities, while opponents and some senators questioned the medical evidence, enforcement, and possible impacts on rural and smaller facilities. Despite those concerns, the bill was reported favorably, with some members voting no. SB 192, presented by Senator Trumbull on behalf of Senator Martin, would remove the $1,500 cap on advances chiropractic physicians may collect for examinations or treatment; the Florida Chiropractic Society supported the change as pro-small-business, and the bill was reported favorably. The committee also received an OPAGA presentation comparing Florida’s health care practitioner regulation system with other states, focusing on board autonomy, rulemaking oversight, board composition, appointments, term limits, and funding mechanisms.

Transcript Highlights:

• And this creates an ethical rub between lawyers’ fiduciary obligations to their clients and the third-party
• funders who do not have any fiduciary duties to the clients.

Bills: S0144, S0192, S0332, S0532, S0620, S0694, S0820, S0888, S1000, S1224, S1396, S1500

Keywords: public records, employee protection, Judicial Qualifications Commission, information exemption, confidentiality, chiropractic physician, chiropractor, patient trust funds, escrow, advance payments, prepaid treatment, trust account, fiduciary duty, patient property, Florida Statutes 460.413, Board of Chiropractic Medicine, disciplinary action, commingling of funds, client funds, medical billing

Summary: The Senate Judiciary Committee met with a quorum present and first postponed SB 532. It then heard and approved SB 620, which requires candidates for federal, state, county, district, judicial, and school board office to disclose any citizenship other than U.S. citizenship. The bill drew one waiver in opposition from Common Cause and passed 8-0. The committee also heard SB 1396 on litigation financing consumer protection. Supporters said it would add transparency, limit funder control over litigation, and require disclosure of foreign entities involved in funding; opponents argued it would create strategic advantages for defendants and could burden plaintiffs. The bill passed 7-2. The committee later approved SB 192, repealing a $1,500 cap on patient funds held in trust by chiropractic physicians, and SB 888, extending limits on indemnity and insurance requirements for design professionals in private contracts; both passed unanimously among those voting. The committee also approved several Judiciary-related measures. CS/SB 332, as amended, creates a narrow temporary public meetings/public records exemption for certain pre-suit Burt Harris litigation strategy discussions by local governments, and passed 7-0. SB 820, which strengthens quarterly reporting requirements for problem-solving courts, passed 10-0. SB 1500, implementing probate process recommendations to raise small-estate thresholds, clarify access to safe deposit boxes, and improve enforcement in uncontested probate, also passed 10-0. SB 144, creating a public records exemption for personal information of current and former Judicial Qualifications Commission employees and their families due to harassment concerns, passed 9-1. The committee then approved CS/SB 1224, as amended, making it a third-degree felony to fraudulently obtain possession of a rental unit through false written statements, counterfeit documents, or impersonation; the bill passed 10-0. SB 1000, setting a floor and ceiling for interest rates on law firm trust accounts tied to the Wall Street Journal prime rate, passed 10-0 after testimony from banking and credit union representatives and support from Senate leadership. Finally, CS/SB 694, providing compensation to the descendants of the Groveland Four, was heard with emotional testimony from family members and advocates describing the wrongful convictions, killings, and decades-long effort for redress; an amendment specified equal shares for the four families, and the bill passed 10-0. Several members requested to be recorded as voting in the affirmative on specific bills before the committee adjourned.

Transcript Highlights:

• So how can he be on the board as a fiduciary and also be the whistleblower?
• This simply says your fiduciary duty is to look mainly, exclusively, at the pecuniary return on these
• You're looking at fiduciaries and proxies who will agree to also take the state's policy into account
• already have a constitutional duty to act for the exclusive benefit of the retirees.
• And more importantly, it still puts fiduciaries that want to consider everything.

Bills: HB1170

Keywords: fiduciary responsibility, proxy voting, public finance, Oklahoma statutes, pension plans, pecuniary factors, nonpecuniary factors, financial risk, Attorney General

Summary: The Senate Committee on Retirement and Government Affairs met to consider two executive nominations and House Bill 1170. Mark Wood was introduced as nominee to lead OMES; he described his background in public accounting and tax administration, said his focus would be on stabilizing the agency, improving efficiency, and balancing accountability with service. Senators asked about OMES’s core mission and whether some duties should be returned to agencies; Wood said he would keep an open mind and work with legislators on possible changes. The committee advanced his nomination on a 9-0 vote. The committee then heard Dwayne Helmberger’s nomination to the State Fire Marshal Commission. Helmberger, currently Stillwater fire chief and formerly assistant chief in Midwest City, emphasized code administration, education, and coordination with other agencies. Senators questioned him about backlogs in fire marshal inspections for marijuana grow operations and certificates of occupancy; he said the backlog was driven by the volume of applications and could be addressed through better planning, coordination, and logistics. His nomination also advanced unanimously, 9-0. Finally, the committee considered House Bill 1170, which would direct pension fiduciaries to focus on pecuniary interests and avoid non-financial ESG considerations. Senator Daniels explained that the bill was intended to clarify state policy and align definitions with related measures, and she requested a title strike while continuing to work on the language. Members raised concerns about due process, immunity provisions, and whether the bill would conflict with recent court rulings or still allow consideration of ESG factors when financially relevant. After debate, the committee passed the bill 6-2.

Transcript Highlights:

• So how can he be on the board as a fiduciary and also be the whistleblower.
• And we want to make sure that if everybody is carrying out their duty to the best of their ability and
• This simply says your fiduciary duty is to look mainly exclusively at the pecuniary return on these investments
• Currently, these proxies And the members that are served on these investment boards are fiduciaries,
• and they already have a constitutional duty to act for the exclusive benefit of the retirees.

Bills: HB1170

Keywords: fiduciary responsibility, proxy voting, public finance, Oklahoma statutes, pension plans, pecuniary factors, nonpecuniary factors, financial risk, Attorney General, 914, all

Bills: S0326, S0598, S0632, S0786, S1110, S1256, S1380, S1588, S7042, S7044

Keywords: curators, estates, court appointment, fiduciary duty, bond requirements, removal, surrogate, funeral homes, cemetery law, cremation, embalmer, funeral director, preneed contract, preneed funeral, human remains, unclaimed cremated remains, disposition of remains, hospice, palliative care, end-of-life care

Summary: The Banking and Insurance Committee met with a quorum present and temporarily postponed SB 7042 on legal tender and SB 1380 before taking up the remaining agenda. The committee first reported favorably C.S. for SB 326, which modernizes Florida’s curator statute in probate law by clarifying when curators may be appointed, what they may do, and what oversight applies. It then reported favorably SB 1256, which standardizes PBM pharmacy audits by requiring uniform audit standards, scope, frequency, penalties, and due process protections for pharmacies; testimony from pharmacists emphasized concerns about conflicts of interest, excessive audits, and disproportionate penalties, while preserving fraud investigations. The committee also reported favorably C.S. for SB 598 on funeral and cemetery services after adopting an amendment that removed provisions on civil damages caps and phasing out direct disposers; the bill updates licensure and contract rules and addresses unclaimed remains. SB 632, which sets insurance requirements for transportation network companies during the period after a ride is accepted but before pickup, was reported favorably despite opposition from an attorney who argued the existing coverage framework should not be reduced. C.S. for SB 786, creating a nonjudicial process to close out undisputed trusts and discharge trustees, was also reported favorably. The committee then took up SB 1110, a major bill expanding Medicaid and private insurance coverage for medically necessary orthotics and prosthetics, including activity limbs, and requiring annual reporting. After adopting an amendment clarifying eligible recipients, the committee heard extensive emotional testimony from amputees, parents, and advocates describing the medical, developmental, and financial importance of prosthetic coverage, and members spoke in strong support before the bill was reported favorably. Later, the committee considered SB 1588, which implements last session’s legal tender law by refining definitions, narrowing custodian provisions, eliminating unnecessary examination requirements, and repealing the sunset clause; members raised questions about verification and anti-money-laundering concerns, but the bill was reported favorably. Finally, the committee approved SPB 7044 as a committee bill to expand public records exemptions to records relating to newly regulated custodians of gold and silver. The meeting concluded with senators recording additional affirmative votes on selected bills and adjourning.

Transcript Highlights:

• For light duty equipment operators, you got warehouse.
• On page six, it lists duties that are safety-sensitive.

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:

• Family and fiduciaries. Relationship will come to order. Clerk will call the roll. Dutton: Here.
• The bill, that section would have specified the duty to observe the wards of the state plan and when
• But I wanted to let you know that the clerk's duty is to preserve and protect the integrity of the documents
• Without objection, there being no further business of the Family and Fiduciary Relationships Committee

Bills: HB557, HB732, HB1892, HB1954, HB2301, HB3180, HB3405, HB3650, HB3758, HB4035, HB4621, HB4795, HB4870, HB5069, HB5137, HB5149

Keywords: child support, arrears, court enforcement, contempt, legal protections, healthcare, insurance, cost reduction, accessibility, regulations, impotency, marriage annulment, Family Code, Texas law, family law, Texas legislation, dissolution of marriage, annulment, marriage, child custody

Transcript Highlights:

• state codifies common law and makes widely accepted best practices requirements, such as setting fiduciary

Bills: SB1195, SB1245, SB1379, SB1420, SB1473, SB1534, SB1743, SB1769, SB1945

Keywords: nuisance, racing facility, racetrack, qualified defense, local property rights, noise regulation, legal claims, felony offenses, criminal justice reform, drug offenses, DUI penalties, residential treatment, human trafficking, victims, prevention, support services, Attorney General, pilot program, grant funding, public comment

Bills: SB319

Keywords: hazardous duty, Barbour County, court costs, law enforcement, public safety, 923, senate, all

Transcript Highlights:

• duty or a conflict of interest if a charitable donation in Revocables is made and the under-curator,
• Louisiana already has stand-your-ground laws in place, which state that people do not have a duty to
• His father, Sergeant Raymond Croxton of Ruston, was killed in the line of duty in 1978.
• Set at minimum, every officer gets line-of-duty death and disability coverage.
• EMPERS has a fiduciary duty to protect its members and to enforce the law as written.

Bills: HB27, HB71, HB214, HB225, HB244, HB306, HB366, HB446, HB473, HB514, HB1043, HB1082, SB127

Keywords: armed security, liability, concealed carry, self-defense, security officers, property tax, blighted properties, urban rehabilitation, tax exemption, local government, financial incentives, term limits, governor, Louisiana constitution, elections, gubernatorial, constitutional convention, delegates, state election, ratification

Bills: SB8, SB650, SB667, SB779, SB1349, SB1355, SB1378, SB1585, SB1721, SB2312

Keywords: immigration enforcement, ICE agreements, sheriff grants, law enforcement, county jail, federal immigration law, China, Chinese-affiliated entities, Chinese military companies, People's Republic of China, Chinese Communist Party, divestment, state pension funds, public retirement systems, Teacher Retirement System, Employees Retirement System, Permanent School Fund, Texas Comptroller, foreign investment, national security

Summary: The Senate Committee on State Affairs resumed consideration of several pending bills, first taking up Senate Bills 667, 1349, 1585, and 2312. After inviting testimony had already been heard, no members of the public came forward to testify on any of those measures, and the committee closed public testimony and left all four bills pending. The committee then heard Senate Bill 1355, which Senator Parker explained as a committee substitute aimed at helping Texas distillers recover unpaid invoices from wholesalers. The substitute would require distillers to invoice at the time of purchase, send a demand letter if payment terms are violated, and allow complaints to be filed with the Texas Alcoholic Beverage Commission, which could determine an appropriate penalty based on the facts. Natasha Dehart of Bent Distilling Company testified in support, describing serious cash-flow problems and unpaid invoices from a Texas wholesaler that had forced layoffs, late vendor payments, and operational strain. No one testified against the bill, and it was left pending. The committee also heard Senate Bill 1378, a narrowly tailored local bill for a Carrollton facility recently acquired by Sazerac that employs more than 1,000 Texans. Senator Parker said the bill would create a limited exemption to avoid forcing the company to shut down or move because of current permit restrictions, while preserving the three-tier system and preventing the company from selling wine to itself. A Texas Alcoholic Beverage Commission resource witness said the bill was drafted so it would not open the door to broader industry changes. Mason Moreland testified against the bill as filed, arguing it gave special treatment to one company and failed to address broader problems in the wine industry, including direct-to-consumer sales and permit issues. After questions from senators, public testimony closed and SB 1378 was left pending. The committee then recessed subject to the call of the chair.

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

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

Summary: The committee met with a quorum present and heard several bills, mostly business, licensing, and economic development measures. HB 1277, presented by Rep. Hill, updated OESC job-search requirements and added flexibility for rural residents; it passed 8-0. SB 1217, an OREC request bill presented by Rep. Osborne, would allow a person to tour a house without first signing a contract with a real estate agent; after questions about federal real estate settlement issues and buyer-agent compensation, it passed 7-1. SB 1826 would eliminate the sunset on the Oklahoma Enterprise Zone Incentive Leverage Act and passed 8-0. SB 1824 updated the Oklahoma General Corporation Act as a mirror to a House bill and passed 8-0. SB 1813 would allow the governor to enter athletic trainer licensure compacts with other jurisdictions and passed 7-1. SB 1326 modernized self-storage facility operations and passed 7-0. The committee then took up SB 1937, the Taxpayer Dollars Protect Workers Act, which would condition economic development incentives on labor-practice requirements intended to preserve secret-ballot organizing, employee privacy, and employer rights. Rep. Blancett raised concerns that the bill could harm the film, entertainment, and Olympic-related industries and undermine economic diversification, while Rep. Lepak argued it was aimed at preventing coercive organizing tactics and said similar measures had passed in other states. After a brief debate, the bill passed 5-1-2. Finally, SB 1641, requiring an email address in LLC articles of organization filed with the Secretary of State, passed unanimously. The committee then adjourned.

Transcript Highlights:

• modernizing both our technology systems, but again, sort of how we approach all of our regulatory duties
• 30.200> regulatory approach um all of our our regulatory approach um all of our our regulatory duties
• 31.760> our<00:52:31.920> our<00:52:32.079> grant<00:52:32.440> making duties
• but also our our grant making duties but also our our grant making abilities<00:52:33.319> and

Bills: HF1063

Keywords: grain buyers, grain dealer, grain elevator, agriculture, financial reporting, audit, CPA review, independent accountant, financial statement, balance sheet, cash flow, nonpublic data, licensee oversight, Minnesota Department of Agriculture, grain purchase volume, insolvency, nonpayment, warehouse chain, fiduciary duties, producer protection

Transcript Highlights:

• So what we're doing in this bill is sort of taking the required responsibility of jury duty and sort
• The other thing I'd like to mention is there is a way to sort of excuse you from jury duty if you've
• , you're saying there's a strong possibility that I could use this as an excuse to get out of jury duty
• I was trying to make the distinction between the required service of jury duty and the optional on the
• We are seeing that our courts do not have enough folks coming in for jury duty, and I believe that that's

Bills: SB1317, SB1655, SB1656, SB1751, SCR1049

Keywords: reentry programs, criminal justice, funding, grants, recidivism, attorney general, jury duty, election worker, Arizona Revised Statutes, temporary appointment, civic duty, family court, professional personnel, parenting time, legal decision-making, evidentiary hearings, child custody, ethical standards, capital punishment, death penalty