Video & Transcript Research : 'loan defaults'

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US
Transcript Highlights:
  • effect, and defaults on loans less than 18 months old nearly tripling to almost 1.5 percent over that
  • While the Biden-Harris SBA tried to blame this on rising interest rates, defaults on SBA loans have been
  • SBA in 2023 had a default rate of 8.1% in 2024, which is more than double the default rate of 7A loans
  • Costs, which occur when SBA has to buy a defaulted loan from a lender, have increased by 73 percent.
  • The 7A loans are being repaid, despite the short-term increases in the default rate.
Summary: The committee meeting focused on discussions regarding the SBA's 7A loan program and its implementation challenges. Members raised significant concerns about recent changes to the underwriting standards, which have been criticized for leading to an increase in loan defaults. Ranking members expressed a desire for a return to stronger guidelines to protect taxpayers and ensure the program remains a viable source for small businesses struggling to secure funding. Testimonies from community lenders highlighted their efforts to support underserved communities and stressed the importance of the Community Advantage Program.
MN

Minnesota 2025-2026 Regular Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 4/8/26

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • We had over 80 small business emergency loans and close to a dozen loan guarantees.
  • We had over 80 small business emergency loans and close to a dozen loan guarantees.
  • We had over 80 small business emergency loans and close to a dozen loan guarantees.
  • We had over 80 small business emergency loans and close to a dozen loan guarantees.
  • loans would only deepen this crisis. loans would only deepen this crisis.
Bills: HF4477
ND

North Dakota 2026 1st Special Session

Joint Appropriations Jan 21st, 2026 at 12:30 pm

Appropriations

Transcript Highlights:
  • loan fund.
  • It isn't an operating loan program.
  • And you do have to be financially solvent if you get this loan.
  • Medical Facility Infrastructure Loan Fund.
  • So if we give somebody a loan and CMS denies it, now who's on the hook, right?
Bills: HB1623
Summary: The committee first heard House Bill 1624, the “Universal Lunch Bill,” from Rep. Mike Nathie. He argued the proposal should be placed in Century Code rather than the Constitution so future legislatures can adjust it if state finances tighten, and said the bill would start the program a year earlier with a $65 million appropriation for one school year. DPI testified that the estimate did not include nonpublic schools that do not participate, and members questioned the impact on Title I, free-and-reduced applications, private-school accountability, breakfast mandates for schools that do not currently serve breakfast, and whether the funding could come from the DPI budget or other sources. Supporters, including North Dakota United, the North Dakota Catholic Conference, a pediatrician, and the American Heart Association, said universal meals improve student health and learning, reduce family costs, and are better handled in statute than by constitutional amendment. No opposition testimony was offered, and the chair closed the hearing for later work-session action. The committee then took up House Bill 1627, introduced by Rep. Tye Dressler, which would raise the income threshold for the state-funded school lunch program from 225% to 300% of poverty, with an estimated cost of about $7 million for 2026-27. Dressler said the bill is intended as a targeted, budget-friendly alternative to the ballot measure and emphasized that the state should maximize federal meal dollars while improving participation in the current program. Members questioned whether raising the threshold would actually increase utilization, whether a dollar amount would be clearer than a percentage, and how the change would affect federal reimbursements and application rates. DPI said it could quickly calculate additional percentage levels, and the chair closed the hearing, directing DPI to prepare more numbers for the work session. Finally, the committee opened Senate Bill 2403, presented by Sen. Schiable, to create a short-term bridge-loan program for financially distressed hospitals, centered on Jacobson Memorial Hospital in Elgin. The bill would authorize up to $5 million per loan, with a $10 million appropriation available on a first-come, first-served basis, and would run only through June 30, 2027. Schiable said the hospital’s debt and operating problems threaten local health care, ambulance service, and the community’s economy, and that the proposal was designed narrowly with Bank of North Dakota review to avoid creating a broad precedent. Committee members asked whether the appropriation could be reduced and whether the bank would still apply commercial feasibility and repayment standards; Schiable said yes, the bank would still evaluate the loan and could reject it if it was not sound.
ND

North Dakota 2026 1st Special Session

Joint Appropriations Jan 21st, 2026 at 10:30 am

Appropriations

Transcript Highlights:
  • We can’t afford more loans. I can tell you that we cannot afford more loans.
Bills: HB1623
Summary: The committee heard House Bill 1623, the appropriations bill tied to North Dakota’s Rural Health Transformation Program, which is funded through a new federal rural health care grant. Senator Bekkedahl explained the bill’s background, the interim committee process that developed it, and the federal conditions attached to the award, including spending deadlines, administrative cost limits, and restrictions on uses such as new construction, supplanting existing funding, and certain other costs. Legislative staff then walked through the seven sections of the bill, including appropriation authority, transfer authority, contingent appropriations for pass-through grants, procurement and public improvement exemptions, recipient reporting, legislative reporting, and immediate effective date. Commissioner Traynor and HHS staff described how the department plans to implement the program, emphasizing that the funding is intended to improve rural access, workforce recruitment and retention, technology and data connectivity, and community health initiatives. They said the department will rely on local applications, technical assistance, templates, listening sessions, and partnerships with providers, schools, public health units, tribal entities, and other community groups. Members asked about reimbursement timing, upfront costs, administrative expenses, sustainability after the five-year grant period, and whether CTE centers, public health units, gyms, grocery stores, and other community partners could participate; the department said yes, within program rules and with a focus on measurable outcomes and sustainability. Several supporters testified in favor. Mental Health America of North Dakota and the Mental Health Advocacy Network supported the bill and urged investment in community-based mental health, crisis response, children’s services, peer support, and mobile crisis teams. HIA Health described the grant as a chance to expand home-based and hospice care, noting that rural providers already have workable models but need funding to scale them. A cybersecurity representative also supported the bill, warning that the large amount of health data and AI-related tools will require strong data protection and professional support. The hearing was closed with no opposition testimony, and the committee announced it would return later in the day for further work on the bill and other measures.
MN

Minnesota 2025 1st Special Session

House Commerce Finance and Policy Committee 3/12/25

Commerce Finance and Policy

Transcript Highlights:
  • A conventional loan is a loan under the federal conforming loan limit that is not insured by VA or FHA
  • loan amount.
  • /c><00:06:33.440> the conventional loan is a loan under the conventional loan is a loan under
  • <00:07:56.599> or loan products such as personal loans or loan products such as personal loans
  • Bal loan balance to Affordable Loan Bal loan balance subordinate<00:08:21.039> lean<00:08:21.520
Bills: HF1865, HF2014, HF2028
MN

Minnesota 2025-2026 Regular Session

House Agriculture Finance and Policy Committee 4/15/26

Agriculture Finance and Policy

Bills: HF3548
Summary: The Agricultural Finance and Policy Committee met on April 15, 2026, approved the April 13 minutes with a correction to Assistant Commissioner Peter Kesset’s name, and then took up House File 3548. The bill, moved by Chair Anderson for re-referral to Ways and Means, centered on the farmer down payment assistance program and the Department of Agriculture’s budget and policy provisions. Anderson described the DE4 amendment as compromise language that reserved up to 25% of funds for applicants with purchase contracts, removed a proposed marijuana exclusion, and allowed appropriated funds to remain available through June 30, 2030 rather than reverting to the general fund at the end of the biennium. Laura Schreiber of the Land Stewardship Project testified in support, emphasizing the importance of keeping funds available and urging that grants remain capped at $20,000 so more farmers could participate. The committee then adopted several amendments. A23, described as the governor’s budget request and department policy bill, was adopted and included moving the Emerging Farmers Office into the Agricultural Marketing and Development subdivision, combining some reports into the Agri report, and addressing delegated authority with MDA. A17, allowing certain eggs past their quality assurance date to be donated to food shelves under specific handling requirements, was adopted. A18, adjusting per diem rates for certain non-representative committee members, was adopted. A19, shifting about $20,000 to support farm land transition services such as mediation, contracts, financial planning, tax preparation, estate planning, and housing assistance, was also adopted. A22, which combined funding for wolf depredation claims and the local food purchasing program, drew the most debate. Representative Smith questioned why the two items were combined and sought to divide the amendment, but staff said that would be problematic because the funding changes were interdependent. Supporters said the amendment would pay about 80% of wolf-loss claims and add money for local food purchasing, while opponents argued the local food need was greater and the wolf depredation approach was not the best use of funds. The roll call on A22 was confusing in the transcript, but the amendment ultimately prevailed. A21, which would have removed a physical-contact requirement for farm cervidae containment, failed on a 7-7 tie after opponents argued it would weaken disease protections and supporters said the fencing costs were driving deer farmers out of business. Hansen then declined to move A24, which would have advanced a paraquat ban, saying there was no agreement and he did not want a negative vote at that time. After the DE4 as amended was adopted, the committee took a final roll call on House File 3548 as amended. The bill failed on a 6-8 vote and was laid over. In closing, members on both sides said the bill contained useful provisions for farmers, but disagreement over the unresolved paraquat issue prevented the committee from advancing it.
ND

North Dakota 2026 1st Special Session

Senate Floor Session Jan 23rd, 2026 at 08:30 am

North Dakota Senate Floor Meeting

Transcript Highlights:
  • To provide an appropriation to the Bank of North Dakota to administer a loan program, to provide a transfer
  • transfer to amend and reenact Section 6-09-47 of the North Dakota Century Code relating to a rural health loan
  • program under the medical facility infrastructure loan fund, to provide an exemption, to provide for
  • Sections 3, 4, and 7 were amended into the bill to provide a loan program through the Bank of North Dakota
Summary: The Senate convened with prayer, roll call, and a quorum present, then took up second reading and final passage of several House bills related to the Rural Health Transformation Program and other matters. House Bill 1621, requiring the presidential fitness test in school physical education with exceptions and a delayed effective date, passed 43-3. House Bill 1623, appropriating federal rural health transformation grant funds and creating a related loan program and reporting structure, passed 46-0 after extensive debate about using the federal money for community health, infrastructure, and sustainability. House Bill 1622, joining the physician assistant licensure compact, also passed unanimously 46-0. House Bill 1625, authorizing the Ray Richards Golf Course land sale to support a Grand Forks transportation project and golf course improvements, passed 46-0. House Bill 1626, clarifying that the primary residence credit is applied after the early payment discount so taxpayers receive the full $1,600 benefit, passed 40-6.
ND

North Dakota 2026 1st Special Session

Senate Floor Session Jan 22nd, 2026 at 08:30 am

North Dakota Senate Floor Meeting

Transcript Highlights:
  • new loan program.
  • Subsection 3 ...a new loan program. The bill draft we have is just that.
  • Now, this amount that would be loaned out is now part of that medical facility infrastructure loan.
  • So the expiration date is to handle a loan up for the 11 years.
  • So that's necessary so that the bank can continue the loan process.
Summary: The Senate convened with prayer, the Pledge of Allegiance, and a quorum present. It adopted the procedural employment committee report naming Senate staff for the special session. The chamber then took up several health-care and appropriations measures, first adopting amendments to Senate Bills 2401, 2402, and 2403 before moving them to final passage. Senate Bill 2401 passed 44-2 and requires physicians to complete at least one hour of continuing education in nutrition and metabolic health, part of a broader rural health care package. Senate Bill 2402 passed 46-0 after major amendments negotiated between the medical and pharmacy boards; as amended, it expands pharmacists’ prescriptive authority and therapeutic substitution in limited areas while excluding categories such as antidepressants, antipsychotics, chemotherapy agents, Schedule II drugs, biological products, and narrow therapeutic index drugs. Supporters said it would improve rural access and help secure rural health transformation funding, while questions focused on how pharmacist competence would be measured and enforced. Senate Bill 2403, also passed 46-0, creates a short-term medical facility emergency operating loan program through the Bank of North Dakota, reduced by amendment from $10 million to $5 million, to help a financially distressed rural hospital. Senators discussed the hospital’s mismanagement, the need for a bridge loan, and safeguards including a limited application window and expiration in 2027. Senate Bill 2404 passed 46-0 and provides supplemental appropriations to the Information Technology Department for ADA-related website accessibility compliance and to the Public Service Commission for additional legal costs in federal energy-rate litigation. The Senate then made announcements about a Highway Patrol safety presentation and filing deadlines, excused an absent member, and adjourned until the next morning.
ND

North Dakota 2026 1st Special Session

Senate Floor Session Jan 21st, 2026 at 08:30 am

North Dakota Senate Floor Meeting

Summary: The Senate convened in special session with prayer, the Pledge of Allegiance, and roll call establishing a quorum of 45 members present and two absent. The chamber received certification from the Secretary of State and the governor’s executive order calling the special session to address funding for the Rural Health Transformation Program and to act quickly to accept and appropriate federal funds. The main action was adoption of the procedural rules for the extraordinary session. Senator Klein explained the proposed rule changes, which were designed to speed up consideration of bills during the short session, including limits on bill introduction, same-day second reading and final passage, elimination of standing committees for the session, creation of a Joint Policy Committee and Joint Appropriations Committee, and authorization for remote testimony and limited remote participation. The procedural committee’s report on these rules was adopted without opposition. The Senate also adopted reports naming members to the Joint Policy Committee and Joint Appropriations Committee. Announcements noted that the Senate Employment Committee, Joint Policy Committee, and Joint Appropriations Committee would meet later that morning, that the Senate would not reconvene at 4 p.m., and that a Highway Patrol presentation on legislator safety would be held. The Senate then moved through the listed orders of business and recessed, planning to meet in joint session with the House before adjourning until Thursday, January 22, 2026.
ND

North Dakota 2025-2026 Regular Session

Senate Appropriations Apr 16th, 2025 at 08:00 am

Appropriations

Transcript Highlights:
  • use that to pay the loan off and the next session will pay it off.
  • But within that, What I learned is that the hospital loan thing was at 1%.
  • And I believe they're eligible for $20 million for a federal loan.
  • There's different kinds of loans they have to go through.
  • I think establishing this new loan fund is very important.
Bills: SB2225, HB1619
Summary: The Appropriations Committee met to clear several remaining bills and discussed scheduling around upcoming conference committees. The chair noted that full committee meetings would likely be held after floor session, while Thursday and Friday mornings were being reserved for conference committees. Members also discussed how conference committees would be scheduled and where they would appear on their dashboards. The committee first took up House Bill 1577, relating to wastewater facility grants. Amendments were adopted to create a loan/line-of-credit mechanism through the Bank of North Dakota and the Department of Environmental Quality to keep two canceled federal BRIC-funded projects moving: a lagoon project in Fezenden and a wastewater treatment project in Lincoln. Members emphasized the language was intended to apply only to those projects and to preserve the possibility of federal reimbursement later. The amendment passed 16-0, and the bill as amended received a 15-1 do pass recommendation. The committee then reconsidered House Bill 1009 and adopted an additional amendment transferring the remaining balance in the bioscience innovation grant fund to the general fund, rather than issuing another round of grants. That amendment passed 16-0, and the bill as amended also received a 16-0 do pass recommendation. Finally, the committee considered House Bill 1619, creating a long-term care facility loan fund and adjusting an existing medical facility loan program. After discussion, members amended the bill to reduce the long-term care fund cap to $10 million per project, set the interest rate at 2%, extend repayment to 30 years, and align the medical facility loan program to 2% with a 30-year term. The amendment passed 14-2, and the bill as amended received a 16-0 do pass recommendation.
MN

Minnesota 2025-2026 Regular Session

House Agriculture Finance and Policy Committee 2/23/26

Agriculture Finance and Policy

Transcript Highlights:
  • I've<01:02:29.200> been<01:02:30.559> in I’ve been in discussion with an FSA loan
  • essential component to me being able to make that purchase, as I will be taking advantage of an FSA loan
  • will be taking advantage of an FSA loan. will be taking advantage of an FSA loan.
  • They already got a loan ready to make up the rest?
  • They already got a loan ready to make up the rest?
Bills: HF3508, HF3548, HF3549
ND

North Dakota 2026 1st Special Session

House Floor Session Jan 23rd, 2026 at 09:00 am

North Dakota House Floor Meeting

Transcript Highlights:
  • Loan repayments will be returned to the Medical Facility Infrastructure Loan Fund, and the expiration
  • But they need this bridge-gap loan to get there.
  • What about a default? Mr.
  • is defaulted.
  • And again, on the default... ...on the default, I would just say that I suppose in the very end of it
Summary: The North Dakota House convened in special session with prayer, roll call, and a quorum present, then took up several rural health-related bills. Senate Bill 2401, as amended, required physicians to complete one hour of continuing education in nutrition and metabolic health each renewal cycle and also added language allowing criminal history background checks for the Board of Occupational Therapy Practice. Supporters emphasized the role of nutrition in reducing chronic disease, and the bill passed 92-0. The House then considered Senate Bill 2402, which expanded pharmacists’ limited prescriptive and therapeutic substitution authority for certain low-acuity conditions and clarified related lab-test and communication requirements. Members discussed examples such as motion sickness, cold sores, lice, hypoglycemia, COVID and flu testing, emergency access to medications and supplies, and limits excluding certain drug classes; the bill passed 91-1. Senate Bill 2403 created a temporary medical facility emergency operating loan option through the Bank of North Dakota for qualifying rural hospitals facing severe financial distress, with extensive debate over the targeted nature of the aid, anti-gifting concerns, repayment terms, and the hospital’s turnaround plan; it passed 80-12. Senate Bill 2404 appropriated funds for NDIT to address federal digital accessibility requirements and for the Public Service Commission’s litigation efforts related to transmission costs, with a backup loan authorization available if needed; it passed 92-0. At the close of the session, leaders thanked members and staff for their work on the rural health transformation package, a committee notified the Governor and the Senate that the House had completed its business, absent members were excused, and the House adjourned sine die.
ND

North Dakota 2026 1st Special Session

House Floor Session Jan 21st, 2026 at 08:30 am

North Dakota House Floor Meeting

Summary: The North Dakota House convened in special session with prayer, the Pledge of Allegiance, and the reading of communications from the Secretary of State and Governor Kelly Armstrong certifying the special session call. The governor’s executive order said the session was called to act on funding for the Rural Health Transformation Program so the state could accept and appropriate federal funds and avoid interruptions to government services. Three new members, Representatives McNally, Scraw, and Timmons, were sworn in, and the roll showed 91 members present, establishing a quorum. The main business was a Rules Committee report outlining temporary special-session rules. The changes were designed to speed up floor action, including allowing second reading the same day a bill is reported from committee, final passage one day after first reading, and immediate transmission to the other chamber unless reconsideration is noticed. The report also replaced the regular standing committee structure with two joint committees: Joint Appropriations and Joint Policy, allowed remote testimony and remote member participation with approval, and limited bill introduction to Legislative Management-approved bills or bills approved by a two-thirds vote. Several deadline changes for resolutions and bill filing were also described, with some provisions delayed until the special session ends. The House adopted the Rules Committee report after a motion by Representative Bosch and no opposition. During announcements, the clerk listed the membership of the Joint Appropriations and Joint Policy committees, and the Highway Patrol announced safety sessions for legislators in the Rough Rider Room at 11 a.m. that day and the next day. The House then recessed until the joint session scheduled for 10 a.m. the following day.
MN

Minnesota 2025-2026 Regular Session

Hied Committee Meeting - 2025-04-21

Higher Education Finance and Policy

Transcript Highlights:
  • Line 29 is the loan repayment assistance program for attorneys, also known as LRAP.
  • Beginning on page 35, the next three sections all affect the self-loan program.
  • It also repeals certain rule subparts related to self-loan amounts and limits.
  • They're working multiple jobs, taking out loans, and living on the edge.
  • We need to address loan forgiveness programs and the elimination of the loan counseling program as well
Bills: HF2312
MN

Minnesota 2025 1st Special Session

House Higher Education Finance and Policy Committee 4/21/25

Higher Education Finance and Policy

Transcript Highlights:
  • Line 29 is the loan repayment bianium.
  • 32, which is the student student loan 32, which is the student student loan counseling<00:07:41.039
  • <01:14:31.080> serer We just had a transition of loan serer We just had a transition of loan
  • elimination of the loan counseling program as well.
  • Um it regarding student loan payments.
Bills: HF2312
US
Transcript Highlights:
  • by Senators Scott (member_3738) and Schiff (member_3508) to increase transparency in SBA's disaster loan
  • Last year, SBA's disaster loan account had a completely unacceptable 66-day shortfall, which prevented
  • (member_3738) and Schiff's (member_3508) bill directing SBA to publish its reports on the disaster loan
  • In fact, you know, that they tried to use to get a loan from the SBA, and I just think it is wrong.
  • We will move on to amendments to S.300, the Disaster Loan Accountability and Reform Act.
Bills: SB298, SB300, SB371
HI

Hawaii 2026 Regular Session

WAM-CPN, WAM Public Hearings 04-07-2026

Ways and Means

Summary: The joint Ways and Means and Consumer Protection meeting was a decision-making session on a series of House bills, with no oral testimony taken. The committees first acted on HB 2583, recommending passage on amended, and HB 1591, recommending passage with amendments related to health care. They also recommended passage on amended for HB 1749 on cesspools and HB 2423 on biodiesel, with each recommendation adopted by the members present. The committees then considered a second agenda block that included HB 2080, HB 1520, HB 1576, HB 1711, HB 1785, HB 1802, HB 1838, HB 1842, HB 1853, HB 1976, HB 2104, HB 2218, HB 2246, HB 2270, HB 2289, HB 2361, HB 2551, and HB 2606. Most were recommended for passage unamended and adopted without objection. HB 1520 was deferred because the Senate bill had already crossed over. HB 1711 was amended to replace the option period established by the corporation with a period of up to 10 years. HB 2289 was amended to remove repeal of a ceiling and set a $1 million expenditure ceiling for the automated victim information and notification system special fund. Several members noted reservations on HB 1842, which involved transfer of the Westridge parcel near a rail station; concerns were raised about the property’s value, the long-term lease status, and whether the city would actually accept or pursue the transfer. HB 1853 was passed unamended, with the committee noting the Lions Association had suggestions that could be addressed later in conference. HB 2218 was passed unamended while adopting DLNR testimony to clarify collaboration with community groups in stewarding public lands and recreational areas. In each case, the stated recommendations were adopted, often with members voting no with reservation rather than in opposition.
ND

North Dakota 2025-2026 Regular Session

Senate Appropriations - Human Resources Division Apr 15th, 2025 at 09:00 am

Appropriations - Human Resources Division

Transcript Highlights:
  • back and reconsider and approve those. ...and if they do, then the federal money would pay off the loan
  • What's the word if they pay off the loan?
  • But anyway, so they would pay off that loan, and if not, then the state would, and we would have taken
  • up next session and see if we can, we would pay that loan off.
  • then the state would, and we would have taken up next session and see if we can, we would pay that loan
Bills: HB1012
Summary: The Senate Appropriations Human Services Division met to consider House Bill 1012, the Department of Human Services budget, and reviewed three previously made amendments: correcting a reference to $30 million underfunding, changing “human service centers” to “behavioral health clinics,” and revising section 31 language so the department would review medical assistance services and report findings and recommendations rather than directly implement adjustments. The committee also discussed whether to include funding related to two other bills with fiscal impacts, House Bill 1485 (personal needs allowance) and House Bill 2399 (PRTF reimbursement), noting those measures may go to conference committee and that appropriations could be added there instead of in HB 1012. The committee agreed to proceed with HB 1012 and members noted provider inflation questions would be raised later in full committee. The division then approved a due pass recommendation on the amendments to HB 1012 and, after a roll call vote, approved HB 1012 as amended on a 4-1 vote, with Senator Mathern voting no. Senator Davison was named as carrier. Members also discussed House Bill 1577, involving wastewater project financing and possible amendments related to a line of credit from the Bank of North Dakota for specific projects, and House Bill 1619, for which additional amendments were expected before full committee action. The meeting ended with general thanks and adjournment.