Transcript Highlights:

• And that's why we're taking an action today to end the weaponization of financial regulators.
• It ties regulators' hands in prescribing financial stability safeguards.
• The Taylor Act It mandates that federal financial regulators consider individual financial institutions
• Paired with the FIRM Act, this is just plain common sense to get our financial regulators refocused on
• The amendment would add to that report a requirement for regulators to list the names of all financial

Bills: SB875

Keywords: banking regulation, federal agencies, reputational risk, financial services, supervision, FIRM Act, bank supervision, depository institutions, federal banking agencies, FDIC, OCC, Federal Reserve, NCUA, CFPB, credit unions, Operation Choke Point, financial discrimination, safety and soundness, supervisory guidance, examination manual

Summary: This meeting focused on the markup of the Genius Act and the FIRM Act, two significant pieces of legislation addressing stablecoin regulation and the financial industry's regulatory framework. The Chairman noted the importance of providing clarity to the digital asset community and protecting American consumers, while also promoting innovation and competition within the financial sector. Members of both parties expressed varying viewpoints, with some highlighting concerns related to national security and the potential risks associated with stablecoins.

Transcript Highlights:

• That's the Code of Financial Regulations, part 270.2A7, also known as a 2A7 fund.
• The Code of Financial Regulations, part 270.2A7, also known as a 2A7 fund.
• </c> actually step in prepare the financials actually step in prepare the financials uh<00:21:09.600>
• I appreciate uh you allowing regulators.
• I think at the financial industry code.

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:

• It's a safe harbor from that regulation.
• Senate Bill 540 on Office of Financial Regulation by Senator Martin.
• Senate Bill 540 on Office of Financial Regulation by Senator Martin.
• Ash Mason, Office of Financial Regulation, waiving in support. Thank you.
• On information, Ash Mason, Office of Financial Regulation, waiving in support. Thank you.

Bills: S0266, S0394, S0540, S0632, S0642, S0832, S0834, S1028

Keywords: public adjuster, contract cancellation, state of emergency, vulnerable adults, disciplinary actions, financial regulation, information security, financial exploitation, licensing, transportation, insurance, TNC, ride-sharing, automobile liability, bail bond, insurance regulation, foreign insurers, financial disclosure, premium reporting, residential property insurance

Summary: The Committee on Banking and Insurance met with a quorum and took up several bills, beginning with SB 834 on insurance requirements for nonprofit religious organizations and health care sharing ministries. The bill repeals a recent restriction on licensed insurance agents marketing or selling faith-based health care sharing programs. Supporters argued the change restores free speech and consumer education while preserving existing fraud and disclosure protections; opponents said allowing agents and brokers could create consumer confusion and has been associated with bad actors. A title amendment was adopted, and after debate the committee reported the bill favorably. The committee also heard and passed SB 642, which extends reporting and duty requirements to foreign and alien bail bond insurers, and SB 394, a technical bill updating reinsurance intermediary manager law to match current DFS practice. SB 266, which lets vulnerable adults rescind public adjuster contracts without penalty, was reported favorably after testimony from supporters in the insurance and elder law communities and a public adjuster who said the intent was good but the bill may need refinement. SB 832, a residential property insurance transparency bill requiring rate breakdown reports and a consumer resource center, also passed after discussion about consumer clarity and whether the required cost categories can be compiled as written. Later, the committee approved SB 540, which creates cybersecurity requirements for mortgage and money service businesses, closes a regulatory gap for certain investment advisers, adjusts OFR examination-payment deadlines, changes de novo charter requirements, allows virtual credit union meetings, and makes other financial regulation updates. Several amendments were adopted, including a substitute amendment removing fintech sandbox provisions. Finally, SB 1028 on Citizens Property Insurance Corporation was reported favorably after debate over a commercial lines clearinghouse intended to reduce Citizens’ exposure and shift more business to the private market; members discussed taxpayer risk, market competition, and consumer protections. The meeting ended with adjournment.

Transcript Highlights:

• She understands that financial regulators play an important role.
• So our financial regulators must be held to a very high standard.
• The Trump administration is in desperate need of financial regulators who live in the real world.
• To ensure that there's parity across jurisdictions for financial regulation and a level playing field
• This one is even more jam-packed than that one, and it's ranging from housing, to financial regulation

Keywords: legislation, housing affordability, financial regulation, public testimony, accountability, oversight

Summary: The meeting involved significant discussions around key legislative proposals, primarily focusing on various bills such as HB2 and SB5. The committee examined the implications of these bills on issues like housing affordability and financial regulation. Notable members engaged in debates, providing differing perspectives on the potential economic impacts of the proposed bills. The meeting witnessed public testimony, which included a call for accountability in government actions and oversight of current financial policies. Members echoed concerns about following through on commitments to address critical issues affecting everyday Americans.

Transcript Highlights:

• Questions were invited on the amendment. [00:37:30.000] Ash Mason, with the Office of Financial Regulation
• Regulation.
• regulations.
• We have Ash Mason waiving in support, Office of Financial Regulation, and we have Hannah Christian for
• Scott Jenkins, American Financial Services Association, waiving in support.

Bills: S0158, S0314, S0618, S0684, S0838, S0990, S1000, S1082, S1452, S1494, S1500, S1568, S1706

Keywords: pet insurance, consumer protection, insurance regulation, policy disclosure, agent training, payment stablecoin, financial regulation, anti-money laundering, state oversight, digital currency, financial services, workers compensation, Florida statute, commercial insurance, insurance board, electronic signatures, vehicle titles, insurance regulations, auditing, total loss vehicles

Summary: The Banking and Insurance Committee heard and advanced a wide range of insurance, financial services, and probate bills. Early in the meeting, SB 1000 on trust fund interest for attorney trust accounts was explained as setting a floor and ceiling tied to the Wall Street Journal prime rate and was reported favorably. The committee then took up CS/SB 1082 on a statewide provider and health plan claim dispute resolution program for emergency out-of-network claims. After extensive discussion about the relationship between the state and federal No Surprises Act processes, an amendment was withdrawn due to concerns about clarity and scope, but the bill itself was supported by providers and insurers and was reported favorably. The committee also approved SB 684 on electronic signatures for total loss vehicles and vessels, CS/SB 158 on pet insurance consumer disclosures and agent education, SB 1494 expanding breast cancer screening coverage, CS/SB 314 on digital assets and stablecoin issuers, and CS/SB 1500 on uncontested probate procedures and small-estate administration. SB 618 on workers’ compensation insurance was amended to raise the consent-to-rate cap for workers’ compensation policies from 10% to 20% and then reported favorably, with supporters saying it would help keep higher-risk employers in the voluntary market. CS/SB 1568 creating a Florida Stablecoin Pilot Program was amended to remove authority for a Florida coin and limit the program to existing stablecoins, then passed. Later, the committee approved CS/SB 838 on electronic payment convenience fees for retail installment contracts, with the sponsor emphasizing that a fee-free payment option must still be offered. SB 1452, the Department of Financial Services agency bill, was amended and reported favorably; it covered My Safe Florida Home administration, insurance and licensing changes, unclaimed property updates, and other DFS-related provisions. The committee also passed SB 1706 on the My Safe Florida Condominium Pilot Program, targeting owner-occupied condominiums at or below 80% of area median income, and SB 990 on protected cell captive insurance companies, which supporters said would modernize Florida’s captive insurance laws and encourage more competition. The meeting ended with all listed bills reported favorably and the committee adjourned.

Transcript Highlights:

• The Chief Financial Officer is authorized to appoint review panel members to assist DFS in the grant
• Senate Bill 1440 on public records, Office of Financial Regulation, and cybersecurity event by Senator
• include credit unions and financial institutions generally.
• include credit unions and financial institutions generally.
• We have Ash Mason, Office of Financial Regulation, waving in support.

Bills: S0198, S0570, S0772, S0808, S1038, S1040, S1286, S1440, S1504, S1668

Keywords: virtual currency, kiosks, money services business, regulation, financial services, consumer protection, cryptocurrency, registration, payment scams, task force, fraud prevention, property insurance, roofing requirements, inspector, insurance policies, homeowners insurance, roof age, residential structures, insurance renewal, investment

Summary: The Committee on Banking and Insurance met with a quorum present and took up a series of bills, beginning with SB 1286 by Senator Wright. That bill expands the law enforcement recruitment bonus program to include firefighters, creates a DFS grant review panel for fire-related grants, and establishes an institute for PTSD and first-responder behavioral health. Testimony from fire chiefs and others supported the measure, and the committee reported it favorably. The committee then considered several insurance and financial regulation bills. CS/SB 198 by Senator Rousan, as amended, regulates virtual currency kiosks with transaction limits, notice and receipt requirements, and OFR enforcement authority; witnesses described it as a needed anti-fraud measure, especially for seniors, and it was reported favorably. CS/SB 772 by Senator Burgess, as amended, allows limited licenses for portable electronics and eyewear insurance, and CS/SB 1504 by Senator Claudio, as amended, creates a pathway for high school students to qualify for insurance customer representative licensure; both were reported favorably. The committee also approved two cryptocurrency reserve bills by Senator Gruters: CS/SB 1038 creates the Florida Strategic Cryptocurrency Reserve framework, and CS/SB 1040 creates the related trust fund; both received technical amendments and favorable reports. CS/SB 1440 by Senator Martin, as amended, creates public records exemptions and cybersecurity reporting provisions for financial institutions and related entities, and it was reported favorably. Finally, SB 1668 by Senator Burton, which updates the NICA program’s funding and benefit structure, and CS/SB 570 by Senator Polsky, which creates a task force on payment scams, were both heard with supportive testimony and reported favorably. Senators later recorded additional affirmative votes on selected bills before the committee adjourned.

Transcript Highlights:

• These illegal slot operations fuel secondary criminal activity, undermine Florida's regulated gaming
• These illegal slot operations fuel secondary criminal activity, undermine Florida's regulated gaming
• Ash Mason, Office of Financial Regulation, waiving in support. Bill? Questions? Public testimony.
• Ash Mason, Office of Financial Regulation, waiving in support. Thank you, sir.
• Josh Alba Shan, American Financial Services Association, waiving in support. Thank you, sir.

Bills: S0204, S0540, S0772, S1294, S1474, S1504, S1708

Keywords: gaming, slot machines, veterans organizations, regulatory compliance, Florida Gaming Control Commission, declaratory statement, criminal penalties, financial regulation, vulnerable adults, information security, financial exploitation, licensing, biosolids, agronomic rate, land application, environmental protection, Florida statutes, nutrient management, recordkeeping, farming

Summary: The Appropriations Committee on Agriculture, Environment, and General Government met with a quorum present and first took up confirmation votes for appointees on tabs 2 through 6, which were recommended favorably without public testimony. The committee then heard CS/SB 1474, which would direct DEP to stop issuing or reissuing permits for Class B biosolids land application when a wastewater treatment facility is reasonably accessible within 50 miles, and it was reported favorably. The committee also heard SB 1708, which removes a timing requirement for veterinarians licensed in good standing elsewhere to qualify for Florida licensure; it received support from Americans for Prosperity and the ASPCA and was reported favorably. Members then considered CS/SB 204 on illegal slot machine operations. An amendment was adopted that set the baseline penalty at a second-degree misdemeanor, elevated violations involving six or more machines or repeat offenses to a third-degree felony, and made violations by a person of authority involving six or more machines or multiple prior convictions a second-degree felony. Testimony supported the bill’s effort to target larger illegal operations while protecting veterans’ organizations and other lawful users from felony exposure; the bill as amended was reported favorably. The committee also adopted a strike-all for CS/SB 1294 addressing Class AA biosolids, requiring agronomic-rate application, recordkeeping, IFAS guidance, and application of fertilizer-related requirements to bulk land application products, with an effective date of November 1, 2026; it was reported favorably after limited questions about oversight and IFAS’s role. Later, CS/SB 772 was heard to allow portable electronics limited licensees to sell “iware” insurance and define that term, and it was reported favorably. CS/SB 1504 updated pre-licensure education for the 440 customer service representative license so a high school student completing a half-credit insurance and personal finance elective can apply upon turning 18; it received supportive testimony from industry groups and was reported favorably. Finally, the committee adopted a strike-all amendment to CS/SB 540 creating cybersecurity program requirements for mortgage and money service businesses, extending oversight to certain investment advisers, clarifying emergency suspension authority for anti-money laundering violations, extending payment deadlines for examination costs, and adjusting director experience requirements for financial institutions; the bill as amended was reported favorably. Senators McClain and Truenow requested to be recorded as voting in the affirmative on tabs 11 and 13, and the committee adjourned at the end of the agenda.

Bills: HB 43, HB 3364, HB 3469, HB 3479

Keywords: agriculture, finance, young farmers, financial assistance, pest control, nuisance birds, local governance, regulation, outdoor activities, public safety, Rio Grande, vegetation management, border security, environmental regulation, Carrizo cane

Transcript Highlights:

• The committee on Pensions, Investments, and Financial Services will come to order.
• Regarding their financial condition is confidential.
• Yeah, I notice it just says that the financial condition of...
• information about any entity we regulate.
• I hope they would rely upon that regulation. Thank you. Yes, sir.

Bills: HB3803, HB3804, HB3805, HB3806, HB3833, HB4134, HB4233, HB4238, HB4243

Keywords: HB 3803, Texas Health and Safety Code, Chapter 712, perpetual care cemetery, perpetual care trust fund, cemetery regulation, financial confidentiality, confidential records, regulatory examination, Texas Department of Banking, commissioner disclosure, interagency information sharing, state agency enforcement, federal agency disclosure, trust fund oversight, burial services, cemetery trust, consumer protection, state banks, Texas Finance Code

Transcript Highlights:

• changes so fast. regulations. regulations.
• ><c> what</c><00:20:40.360><c> this</c> financial institution is, what this financial institution is,
• We've been regulating regulating regulating &gt;&gt; [clears throat] &gt;&gt; [clears throat] &gt;&gt
• We're happy to be regulated.
• We are pro-regulation.

Bills: HB0098, HB0075, HB0041, HB0101

Keywords: gun control, Second Amendment, constitutional rights, misdemeanor, law enforcement, virtual currency, kiosk, financial institutions, regulation, Wyoming Money Transmitters Act, penalties, death benefits, retirement, survivor support, public safety, guardianship, monitoring, ward protection, financial independence, case management

Transcript Highlights:

• And so there's no gaps in regulation.
• And so there's no gaps in regulation.
• In Arizona, access to financial services should be based on financial facts, not ideological scoring.
• In Arizona, access to financial services should be based on financial facts, not ideological scoring.
• In Arizona, access to financial services should be based on financial facts, not ideological scoring.

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:

• In addition, it also requires the Department of Financial Institutions to create a statewide electronic
• In addition, it also requires the Department of Financial Institutions to create a statewide electronic

Bills: HB1269, HB2624

Keywords: pawnbroker, fees, interest rates, consumer protection, financial regulation, real estate transactions, nonprofit, land conservancies, unsolicited offers, property rights, 904, all

Summary: The Washington State Senate Business, Trade & Economic Development Committee received a staff briefing on four bills before moving into executive action. Substitute House Bill 1078 on pet insurance would bar insurers from canceling or non-renewing policies based on a pet’s age or certain health conditions and set other insurer requirements; it had passed the House 95-0 and had no Senate companion, but the committee took no action on it. House Bill 1269 on pawnbroker fees and interest rates was also discussed, along with two striking amendments: one from Senator Stanford that would restore a 90-day loan period, set a uniform 5% interest rate per three-day period, adjust fee schedules, and require a statewide electronic database, and another from Senator Coffin with the same changes except for the database; the committee took no action on this bill. The committee then acted on Engrossed House Bill 2294, which prohibits negative use restrictions in real property transactions involving grocery stores and pharmacies. A motion to send the bill to the Rules Committee with a do pass recommendation passed. The committee also considered House Bill 2624, which expands exemptions for public entities, tribes, and conservation organizations acquiring property for public benefit. Senator Kauffman’s striking amendment C clarified that appraisals must be conducted before acquisition, reflecting stakeholder testimony and language agreed to by the Washington Forest and Forestry Association and The Trust for Public Land; the amendment was adopted, and the bill as amended was then approved and sent to the Rules Committee with a do pass recommendation.

Bills: HB1269, HB2624

Keywords: pawnbroker, fees, interest rates, consumer protection, financial regulation, real estate transactions, nonprofit, land conservancies, unsolicited offers, property rights, 904, all

Summary: The Senate Business, Trade & Economic Development Committee met briefly and received staff briefings on two bills before moving into executive session. Engrossed Second Substitute House Bill 2274 concerns commercial electronic mail; staff noted it would require the sender to know the subject matter is false and would reduce statutory damages from $500 to $100. Substitute House Bill 2334 would allow cash transactions to be rounded to the nearest five-cent increment to eliminate the need for pennies; staff also noted a fiscal impact from the Department of Licensing and described a Chair Kauffman amendment addressing mixed-tender transactions and rounding change due. In executive session, the committee voted to recommend HB 2274 do pass to the Rules Committee. For HB 2334, the committee adopted amendment B1, which clarified rounding of change and corrected a gift card-related provision, then moved the amended bill forward. The chair announced the bill passed subject to signatures, and the committee adjourned.

Transcript Highlights:

• </c> filings that that creates that financial filings that that creates that financial transparency.<
• c><00:36:23.440><c> appropriate</c><00:36:23.839><c> regulation</c> sort of the appropriate regulation
• rather than regulate to restrict.
• </c><00:38:15.680><c> to</c> mantra has always been regulate to mantra has always been regulate to enable
• </c> enable rather than regulate to restrict. enable rather than regulate to restrict. recognize<00:38

Bills: HB0075, HB0128

Keywords: virtual currency, kiosk, financial institutions, regulation, Wyoming Money Transmitters Act, penalties, severance tax, oil production, tax exemption, energy sector, economic impact, 916, all

Transcript Highlights:

• . regulations. regulations.
• Now, um, it requires regulation.
• </c><00:25:51.039><c> financial</c> we're highly regulated financial we're highly regulated financial
• We're already regulated at the state level. We are also regulated at the federal level.
• </c> are also regulated at the federal level. are also regulated at the federal level.

Bills: HB0075, HB0128

Keywords: virtual currency, kiosk, financial institutions, regulation, Wyoming Money Transmitters Act, penalties, severance tax, oil production, tax exemption, energy sector, economic impact, 916, all

Transcript Highlights:

• There is some financial information that we know, but we're also governed by antitrust regulations where
• <00:36:53.120><c> where</c><00:36:53.240><c> we</c> regulations where we regulations where we you<00:
• </c><00:41:03.120><c> and</c> around the reviewing of financials and around the reviewing of financials
• <00:41:28.760><c> stable</c><00:41:29.400><c> and</c> financially stable and financially stable and we
• </c> undue financial burden on consumers. undue financial burden on consumers.

Bills: HF3766, HF3972, HF3437, HF4118

Keywords: travel insurance, regulation, insurance licensing, consumer protection, travel assistance, short-term rental, vacation rental, home sharing, rental marketplace, online platform, property damage guarantee, damage waiver, reimbursement insurance, insurance regulation, commerce department, platform user, Airbnb, Vrbo, host protection, rental home marketplace

Transcript Highlights:

• By requiring financial responsibility By requiring financial responsibility for<00:05:05.600><c> the<
• </c> we're at today because of regulation we're at today because of regulation like<00:09:18.640><c>
• </c><00:42:09.360><c> insurances</c> uh the the financial insurances uh the the financial insurances
• These regulations should be scaled.
• </c> These regulations should be scaled. These regulations should be scaled.

Bills: HF4740, HF3940

Keywords: financial assurance, feedlot permits, manure storage, environmental compliance, agriculture regulation, abandoned infrastructure, pollution control, environmental impact, animal feedlot, livestock, regulations, Minnesota Rules, 1183, house

Transcript Highlights:

• </c><00:10:01.600><c> that's</c> regulation, it's redefinition and that's regulation, it's redefinition
• </c><00:16:01.440><c> and</c> regulations that are subtractive and regulations that are subtractive and
• </c> for uh for political speech regulation. for uh for political speech regulation. 2471<00:16:16.160
• </c><00:18:50.480><c> their</c> Um and so you cannot regulate their Um and so you cannot regulate their
• You know, they have to regulated.

Bills: SB2004, SB2039, SB2042, SB2043, SB2044, SB2132

Keywords: outdoor advertising, billboards, public safety, penalties, community pollution, elections, campaign finance, business entities, political activity, regulation, liability, non-natural persons, insurance, captives, examination, regulations, policyholders, dormant captive, tax exemption, Hawaii revised statutes

Summary: The Senate Commerce and Consumer Protection Committee opened its first hearing of the year with remarks from Chair Jared Kohole outlining hearing procedures, a two-minute testimony limit, rules for remote testimony and decorum, and a revised testimony-publication pilot that keeps 96-hour notice but returns to a standard 24-hour testimony deadline. He then moved through the agenda, beginning with SB 2004 on outdoor advertising, which would increase penalties for violations of billboard and outdoor advertising laws. Testimony on that measure was limited; Henry Curtis of Life of the Land was first up, and written support was noted from Hawaiian Electric and the Outdoor Circle. The committee then heard SB 2039 on election campaign finance, which would prohibit certain business entities from engaging in campaign finance activities. The Attorney General’s office offered comments and did not take a formal position at the hearing. Several proponents testified in support, including Josh Frost, Tom Moore of the Center for American Progress, Hapa/Hawaii Alliance for Progressive Action, and Common Cause Hawaiʻi, all arguing the bill would curb corporate and dark-money influence and return elections to the people. Moore distinguished between regulating corporate “rights” and limiting corporate “powers,” and said the state can redefine the powers it grants corporations. In questions, Senator McKelvey asked whether the bill could be expanded to include unions; the Attorney General said he would need to get back with legal analysis, while Moore said his preferred approach would include all entities and that leaving out nonprofits or unions would create problems. Members also discussed whether the bill would affect PACs, and Moore explained that the proposal would prohibit corporate and dark-money flows into PACs while leaving individual political giving and existing political committees in place. The committee then moved on to the next measure. SB 2042, relating to insurance, was heard next. The bill would reduce the unimpaired minimum capital and surplus required of class 4 sponsored captive insurance companies under certain circumstances. The DCCA Insurance Division said it stood on its written testimony, and the Hawaii Captive Insurance Council testified in support, describing the change as a narrow, risk-based adjustment that would not affect the commissioner’s authority where actual risk resides and would help keep Hawaii competitive. The committee noted additional written support and proceeded without a vote or final action in the portion of the hearing provided.

Transcript Highlights:

• Public testimony: Ash Mason, Florida Office of Financial Regulation, waves in support.
• As this bill continues to evolve, I am working with the Office of Financial Regulation, Senate professional
• staff, and stakeholders to fully develop the appropriate policy. ...with the Office of Financial Regulation
• Ash Mason, Florida Office of Financial Regulation, waving in support. Thank you, sir.
• regulations.

Bills: S0314, S0530, S0576, S0800, S0990, S1078, S1440, S1568, S1588, S1614

Keywords: payment stablecoin, financial regulation, anti-money laundering, state oversight, digital currency, financial services, Florida lottery, state lottery, lottery tickets, lottery retailer, Department of the Lottery, Division of Security, ball machine, lottery vending machine, instant tickets, online lottery tickets, major procurement, vendor disclosure, performance bond, retailer bond

Summary: The committee heard and advanced several bills related to engineering regulation, cybersecurity, financial services, and state administration. CS/SB 800 would increase penalties for repeated unlicensed engineering practice and create an engineering student loan assistance program funded by licensure fees and fines; it was reported favorably after questions about whether it would reimburse victims of unlicensed practitioners, with the sponsor noting it would not and that affected individuals would need to pursue complaints and private legal action. CS/SB 576 created a local government cybersecurity protection program administered by Florida Digital Service, with state purchasing of cybersecurity services and priority for fiscally constrained counties; it received support from local government and industry groups and was reported favorably. CS/SB 1078 set transition requirements for gubernatorial administrations, including liaisons, briefing books, office space, IT access, and controlled access to agency records under a memorandum of understanding, and it also passed favorably. The committee also approved CS/SB 314, which creates a regulatory framework for payment stablecoin issuers in Florida, and CS/SB 530, which updates lottery operations, security, retailer rules, and bonding requirements. CS/SB 1614, after adoption of a technical substitute amendment, would limit local governments’ eligibility for certain state funding if they have excess funds, have recently been audited by the legislative audit committee, or fail to affirm expenditure of prior funds; the sponsor said it would give the Joint Legislative Auditing Committee more enforcement leverage, and the bill was reported favorably. CS/SB 990 authorizes protective cell captive insurance companies to expand insurance market capacity and potentially lower premiums, while CS/SB 1588 is a step toward implementing last session’s gold and silver legal tender law; both were reported favorably. Additional bills passed included CS/SB 1440, which adds cybersecurity-related exemptions and reporting provisions for financial institutions, loan originators, and money service businesses, and CS/SB 1568, which creates a Florida Stable Coin Pilot Program allowing DFS fees to be paid with approved stablecoins. The stablecoin bill was amended to add guardrails, including fee limits, website notice requirements, and restrictions if no approved issuers are available. The committee also received a brief budget overview highlighting major funding items such as Florida Forever, Everglades restoration, water quality, Farmers Feeding Florida, citrus recovery, school lunches, state parks, and law enforcement and staffing items, and members later recorded additional votes before the committee adjourned.