Transcript Highlights:

• Welcome to Banking, Financial Services, and Pensions.

Bills: SB1623, SB2067, SB2132

Keywords: credit union, Oklahoma State Credit Union Board, membership, loans, investments, board compensation, financial regulations, financial exploitation, protected adults, financial institution, notification, temporary hold, credit card, surcharge, discounts, consumer protection, payment methods

Summary: The Banking, Financial Services, and Pensions Committee heard three bills. Senate Bill 2132, presented by Rep. Geis, would raise the allowable credit card processing fee cap from 2% to 3% and preserve consumer protections requiring notice to customers. During discussion, members raised concerns about whether 3% was enough to cover actual merchant costs; Geis said she had spoken with the Senate author and was prepared to amend the bill to 4%, which she said would better match average costs and cover most businesses. The committee agreed to let the language be handled before Oversight, and the bill passed 8-0. House Bill 1623, also presented by Geis, updates the state charter for credit unions to give state-chartered institutions more flexibility similar to federally chartered credit unions. It revises field-of-membership rules, removes geographic or membership overlap considerations, and allows the board to add association categories for individuals in underserved areas below 150% of the poverty level. The bill received no questions and passed 8-0. Senate Bill 267, presented by Rep. Lepak, carries the same language previously passed in House Bill 3020 and deals with protection of vulnerable adults. Lepak said bankers and credit unions were working together on the measure. The committee took no substantive debate and passed the bill 8-0. The meeting then adjourned.

Bills: SB1623, SB2067, SB2132

Keywords: credit union, Oklahoma State Credit Union Board, membership, loans, investments, board compensation, financial regulations, financial exploitation, protected adults, financial institution, notification, temporary hold, credit card, surcharge, discounts, consumer protection, payment methods, 914, all

Transcript Highlights:

• These are great institutions, like I said, we want the best institutions in our nation.
• And by institutions, it's new tuition revenue.
• It impacts our institutional agility and our long-term financial stability, needing to dig very deeply
• participating in state financial aid programs and allows those institutions to participate in the College
• attending public two-year institutions.

Bills: SB6251, SB6259, SB6325, SB5978, SB6209, SB6217, SB6227, SB6235

Keywords: medical school, medical education, letter grades, grading system, pass/fail, tiered grading, student assessment, curriculum, University of Washington, Washington State University, School of Medicine, physician training, academic standards, coursework evaluation, RCW 28B, SB 6259, Washington, state financial aid, higher education, public college

Summary: The committee began with a work session on the Workforce Education Investment Act (WEA) Oversight Board, hearing from Jane Broome of Microsoft Philanthropies and Joel Anderson of WASAC. They reviewed the history and purpose of the WEA account, emphasizing that it was created as a dedicated, non-supplanting source to expand higher education and workforce investments, especially high-demand fields and financial aid. Broome and Anderson said the board has improved with WASAC staffing and better data, but they raised strong concerns that recent budget actions, especially shifting $400 million in University of Washington general-fund support to WEA, violated the original partnership and undermined trust. Senators asked about AI-related workforce needs, data transparency, and how to define “supplanting,” and the presenters said the board wants to stop supplanting and preserve WEA for its intended purposes. The committee then held public hearings on three bills. SB 6251 would require public medical schools to use letter grades or a tiered grading system; the sponsor said it was intended to standardize grading, but both WSU and UW opposed it, arguing that pass-fail and competency-based systems better support collaboration, mental health, and residency placement, and that only a small share of U.S. medical schools use letter grades. SB 6259 would make students who are found by a court to have caused major damage to a public higher education institution ineligible for state aid and require repayment of aid; the sponsor framed it as accountability for serious vandalism, while the lone testifier from WSU student government opposed it as unfair to lower-income students and potentially chilling to free expression. The final hearing was on SB 6235, which would reverse the “fund split” approach and require the state to fully fund compensation and central services for higher education rather than relying on tuition to cover those costs, while also directing a study on essential student services. Nearly all testimony was in support, from university and community college leaders, faculty, and labor representatives, who said the current system has led to hidden cuts, reduced COLAs, layoffs, program closures, larger class sizes, and reduced student services. After the hearing, the committee moved into executive session and adopted proposed substitutes and passed SB 5978, SB 6209, SB 6217, and SB 6227 to the Ways and Means Committee; SB 6235 was not acted on. The committee then adjourned.

Transcript Highlights:

• , to transition or convert from one type of financial institution to another.
• , to transition or convert from one type of financial institution to another.
• State of Wyoming, to allow it to transition or convert from one type of financial institution to another
• </c><00:59:25.680><c> institution</c><00:59:26.319><c> that</c><00:59:26.559><c> that</c> new financial
• institution that that new financial institution that that could<00:59:27.359><c> meet</c><00:59:27.680

Bills: SF0021, SF0022, SF0054, SF0055

Keywords: stable token, liquidity, trust account, Wyoming, fund distribution, financial regulation, state commission, decentralized, nonprofit association, merger, conversion, liability, membership, governance, indemnification, banking regulation, special purpose depository institution, conversion process, Wyoming state laws, financial services

Bills: SF0021, SF0022, SF0054, SF0055

Keywords: stable token, liquidity, trust account, Wyoming, fund distribution, financial regulation, state commission, decentralized, nonprofit association, merger, conversion, liability, membership, governance, indemnification, banking regulation, special purpose depository institution, conversion process, Wyoming state laws, financial services

Transcript Highlights:

• Modifying the way properties are valued puts government and homeowners Modifying the way properties are
• a property... an opportunity to freeze that value for that particular property.
• a property.
• Property values generally increase slowly over time. Property values are predictable, right?
• So on a five-year cycle, that property—I'm not even compounding—the property would be worth 15% more

Bills: HB287, HB340, HB412, HB440, HB514, HB515, HB521, HB543, HB553, HB570, HB961

Keywords: HB 287, Louisiana Tax Commission, ad valorem, property tax, property assessment, assessment fees, fee extension, sunset extension, public service property, utility property, insurance company property, financial institution property, tax administration, R.S. 47:1838, Act 296, reappraisal, ad valorem tax, valuation, Louisiana tax law, homestead exemption

Transcript Highlights:

• or entity, such as a financial institution or an insurance company.
• So typically that would be like a financial institution or an insurance company.
• One financial institution is requiring that Gonzaga become a customer in order to get paid.
• In the other situation, the financial institution indicated they will not pay Gonzaga until all other
• A financial institution needs to know not only who can act on behalf of the organization, but that we

Bills: HB2095, HB2500, HB2412, HB2595, HB2354, HB2597

Keywords: public safety, vulnerable users, pedestrians, protected classes, transportation, charitable organization, charity, nonprobate transfer, beneficiary designation, life insurance, retirement account, payable on death, POD account, transfer on death, TOD, financial institution, insurance company, transfer agent, estate planning, donor intent

Summary: The committee held public hearings on several bills. House Bill 2354 on common interest communities was presented as a trailer bill to the Waukeva, with a proposed substitute that would exempt small middle-housing communities from most Waukeva provisions, exempt certain middle-housing communities from reserve study requirements, raise the audit threshold from $50,000 to $100,000 in annual assessments, and prevent governing documents from shifting responsibility for electric vehicle charging stations and heat pumps away from the unit owner. The sponsor and a community associations representative supported the bill as a targeted cleanup measure for small communities, and there was no opposition testimony. House Bill 2412, which would add a ninth Superior Court judge in Yakima County, drew strong support from the sponsor, county commissioners, the presiding judge, and court staff. Testimony emphasized Yakima County’s population growth, a backlog of more than 2,800 cases older than two years, increased protection order filings, and trial delays affecting families and public safety. The county said it supports the funding share and confirmed the courthouse can accommodate another judge. The hearing was then closed. The committee also heard House Bill 2500 on charitable beneficiary transfers, which would require financial institutions or insurers holding beneficiary-designated property to notify charities after a donor’s death, allow a standardized affidavit process, prohibit demands for personal information or account opening as a condition of payment, and require transfer within 30 days. Charitable organizations testified in support, describing long delays and burdensome paperwork, while credit unions and bankers raised concerns about identity verification, fraud risk, and operational timelines. House Bill 2595 on collateral attacks on criminal judgments would extend the filing deadline for personal restraint petitions from one year to three years and allow the Office of Public Defense to provide direct representation. Supporters argued the current deadline is too short for incarcerated people, especially juveniles and pro se litigants, while prosecutors and victim advocates opposed the bill, citing finality, workload, and victim retraumatization. The committee then heard House Bill 2597, which would create a state civil cause of action for violations of U.S. constitutional rights during civil immigration enforcement, with damages and attorney fees available and some immunity limitations. Supporters framed it as an accountability measure and a remedy for constitutional violations, while law enforcement and other opponents warned about unclear definitions, officer hesitation, and conflicts with federal immunity; the hearing ended with a note that executive session on HB 2597 would be scheduled later.

Transcript Highlights:

• tuition so that access to all institutions is possible for students with limited financial resources
• tuition so that access to all institutions is possible for students with limited financial resources
• tuition so that access to all institutions is possible for students with limited financial resources
• tuition so that access to all institutions is possible for students with limited financial resources
• . institutions. institutions.

Bills: HF4252

Keywords: higher education, student aid, financial aid, grant programs, scholarships, Office of Higher Education, Minnesota State, University of Minnesota, community college, technical college, postsecondary institution, college affordability, student fees, athletic facilities, competitive athletics, developmental education, remedial courses, pregnant students, parenting students, priority registration

Transcript Highlights:

• I'm the Financial Capability Manager for the City of St.
• But despite being three years into survivorship, the financial burden remains and continues to grow.
• I often feel dependent on others and have had to ask for financial support more than once.
• We work with a financial company to ensure that all...
• are some of the financial qualifications that I talked about before.

Bills: HF1646, HF2443

Keywords: medical debt, debt relief, healthcare financing, consumer protection, financial hardship, commerce, cannabis, insurance, housing, ombudsperson, affordability, property, task force, financial institutions

Transcript Highlights:

• </c> I'm Casey Wedrich, the financial I'm Casey Wedrich, the financial capability<00:03:18.879><c> manager
• ><c> Empowerment</c> Paul's Office of Financial Empowerment Paul's Office of Financial Empowerment and
• We do we work with a financial company We do we work with a financial company to<00:20:16.720><c> ensure
• > insurance</c> and commercial property insurance and commercial property insurance affordability<00:
• Um this commercial property insurance.

Bills: HF1646, HF2443

Keywords: medical debt, debt relief, healthcare financing, consumer protection, financial hardship, commerce, cannabis, insurance, housing, ombudsperson, affordability, property, task force, financial institutions, 1183, house

Transcript Highlights:

• House Bill 2979 prescribes response times for the Deputy Director of the Financial Institutions Division
• within the Department of Insurance and Financial Institutions when receiving a completed request for
• This is a collaborative effort that we worked through with the Department of Financial Institutions to
• Chair, House Bill 2903 prohibits the state from requiring a bank or financial institution to use a social
• to use a social credit score when the bank or financial institution evaluates whether to lend money

Bills: HB2016, HB2104, HB2105, HB2174, HB2256, HB2289, HB2477, HB2903, HB2939, HB2979, HB2996, HB4103

Keywords: tax penalties, filing, tax returns, administration, Arizona Revised Statutes, agricultural property, classification, county assessor, property inspection, appeal process, property tax, agricultural classification, Department of Revenue, property valuation, inspection notice, inspection report, on-site inspection, full cash value, rural land, farm land

Transcript Highlights:

• Newell, that it allows the financial institution.
• Well, you know, I can't really speak for every financial institution. Yes.
• And some of those things trigger fraud alerts often with financial institutions.
• And so I can't speak to what every bank or credit union or financial institution does, but I know ours
• “That's going to be the way they're protected now through these financial institutions.

Bills: HB489, HB545, HB555, HB583, HB670, HB672, HB797, HB814, HB913, HB952

Keywords: transfer on death, TOD, beneficiary designation, investment accounts, brokerage accounts, securities, nonprobate transfer, estate planning, succession, probate, community property, forced heirship, financial advisor, broker-dealer, custodian, transfer agent, banking, wealth transfer, inheritance, Louisiana Revised Statutes

Transcript Highlights:

• of blighted or derelict properties.
• the property, and that adds value to the property.
• taxes, or they have less $10,000 dollars of property taxes to pay on that property.
• It stays with the property and the title property owner. The exemption is not transferable.
• It stays with the property and the title property owner.

Bills: HB214, HB217, HB514, HB593, HB618, HB732, HB908, HB961, HB1010

Keywords: property tax, blighted properties, urban rehabilitation, tax exemption, local government, financial incentives, blighted property, derelict property, property tax exemption, local redevelopment plans, rehabilitation standards, ad valorem tax, community development, senior citizens, homestead exemption, Louisiana Constitution, motor vehicles, local fees, transaction fees, funding

Bills: HR213, SB2607, SB2043, SB2396, SB2835

Keywords: Hawaiian Council, Council for Native Hawaiian Advancement, Native Hawaiian, Native Hawaiian community, Native Hawaiian advocacy, recognition resolution, ceremonial resolution, nonprofit, community development, economic development, cultural preservation, self-sufficiency, housing counseling, community development financial institution, CDFI, small business accelerator, trades academy, tourism, regenerative tourism, iwi kūpuna

Bills: HR213, SB2607, SB2043, SB2396, SB2835

Keywords: Hawaiian Council, Council for Native Hawaiian Advancement, Native Hawaiian, Native Hawaiian community, Native Hawaiian advocacy, recognition resolution, ceremonial resolution, nonprofit, community development, economic development, cultural preservation, self-sufficiency, housing counseling, community development financial institution, CDFI, small business accelerator, trades academy, tourism, regenerative tourism, iwi kūpuna

Transcript Highlights:

• Article this bill updates several statutes covering nondepository financial institutions to reflect modern
• Article this Bill update several statutes covering non depository financial institutions to reflect modern
• not doing well financially.
• My home and property was one of the hardest hit in the area.
• My home and property was one of the hardest hit in the area.

Bills: HF4881, HF4867, HF4422, HF4223

Keywords: healthcare, insurance, regulation, financial institutions, prescription drug affordability, consumer protection, restitution account, financial compensation, attorney general, distributions, property insurance, homeowners insurance, fire and allied lines, hail insurance, appraisal clause, loss adjustment, alternative dispute resolution, insurance claims, claim valuation, actual cash value

Transcript Highlights:

• The tangible personal property was coming across the counter.
• It's my view that these funds rightfully belong to the property taxpayers.
• No, this is a collective refund to all property taxpayers.
• they pay in property tax.
• What this bill is doing is refunding that dead cash to the property taxpayers.

Bills: HB2143, HB2273, HB2290, HB2373, HB2784, HB2794, HB4037

Keywords: public safety, retirement system, investments, trust fund, board of trustees, financial report, income tax rebate, Pinal County, taxpayer eligibility, state revenue, financial assistance, transaction privilege tax, business location, tangible personal property, shared vehicle, sourcing, income tax, veterans, donations, tax refunds

Transcript Highlights:

• The Committee on Pensions, Investments and Financial Services will come to order.
• Seen a new trend in financial crimes which were large scale fuel thefts.
• So Texas has taken the lead on tackling organized financial crimes.
• I'm Captain Jeff Headley with the Texas Financial Crimes Intelligence Center.
• This bill is critical to Texas's fight against organized financial crime.

Bills: HB201, HB272

Keywords: disabled veteran, partially disabled veteran, veterans property tax exemption, homestead exemption, ad valorem tax, property tax relief, surviving spouse, appraisal district, Tax Code, local government revenue, homestead portability, service-connected disability, veteran benefits, Texas property tax, residence homestead, disability rating, disaster response, financial assistance, helicopter, municipalities

Transcript Highlights:

• Do I really want to not allow that property owner to sell that property even if it's an outrageous price
• Essentially, it establishes a framework for financial institutions to Intervene when they suspect a protected
• It also provides some immunities to the employees of those institutions and the institutions for acting
• I hope that there will be some training or guidance for financial institutions so that this is consistently
• applied through all banking institutions.

Bills: HB3041, HB4428, HB4429, HB1064, HB3265, HB3721, HB3028, HB3313, HB3588, HB3020

Keywords: credit card transactions, payment methods, service charge, consumer rights, financial regulation, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty, pecuniary factors, nonpecuniary factors, ESG, environmental social governance, social goals

Transcript Highlights:

• Welcome to Banking, Financial Services and Pensions.
• Do I really want to not allow that property owner to sell that property, even if it's an outrageous price
• Essentially, it establishes a framework for financial institutions to intervene when they suspect a protected
• It also provides some immunities to the employees of those institutions and the institutions for acting
• I, too, would second that I hope that there will be some training or guidance for financial institutions

Bills: HB3041, HB4428, HB4429, HB1064, HB3265, HB3721, HB3028, HB3313, HB3588, HB3020

Keywords: credit card transactions, payment methods, service charge, consumer rights, financial regulation, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty, pecuniary factors, nonpecuniary factors, ESG, environmental social governance, social goals

Summary: The Banking, Financial Services and Pensions Committee met and announced that several bills would be laid over, including HB 4225 and HB 4263, while also noting that actuarial follow-up reports on prior referrals were still being revised. The committee then worked through a long agenda, with members frequently noting schedule conflicts and the chair alternating between bills and committee business. The meeting adjourned after the agenda was completed, with the chair saying the committee would return the following week with a longer agenda, likely including additional pension bills. Several bills related to payment processing and pension governance were heard and passed. HB 3041 would allow merchants to pass along credit card surcharges up to the amount charged by the card company, with the author noting some businesses face fees of 4% to 5%; it passed 9-0. HB 4428 and HB 4429, both dealing with shareholder proxy advisors for pension funds, passed 8-1 and 9-0 respectively; supporters said the bills would require fiduciary standards and transparency, while the speaker referenced opposition from GreenAmerica.org as evidence of the bill’s value. HB 3028, which lets technology center districts and public schools pass on credit card service fees, also passed 7-0. The committee also advanced several pension-related measures. HB 3265, requested by the Police Pension Board, defines who qualifies as a mental health specialist for disability evaluations; testimony explained the change would let the board use psychologists because psychiatrists are harder to contract with, and the bill passed 7-0. HB 3721 would adjust the DROP benefit for public safety officers so surviving spouses can claim it if the officer dies before electing the option; the author said it has no actuarial cost, and it passed 7-0. HB 3313, a defined contribution retirement bill, would raise contribution levels, eliminate vesting delays, and add retirement planning and lifetime income options; members questioned whether it would affect retention or other retirement plans, and it passed 8-0. Other bills addressed creditors, housing, and financial exploitation. HB 3588, a Uniform Law Commission request bill on assignment for the benefit of creditors, was described as codifying existing case law and passed 8-0. HB 1064, which would restrict large institutional investors from buying single-family homes in Oklahoma, was amended in concept during discussion to narrow the hedge fund definition and remove a resale requirement; supporters framed it as protecting homeownership, while opponents raised concerns about restricting sales and the evidence for housing impacts, and it passed 5-2. Finally, HB 3020, the Protections for Financial Exploitation of Protected Adults Act, would let financial institutions place temporary holds and act in good faith when they suspect fraud against vulnerable adults; members asked about training and safeguards, and it passed 9-0.