Video & Transcript : 'private equity-backed business' :
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TX
Texas 89th Regular
Trade, Workforce & Economic Development May 21st, 2025
Trade, Workforce & Economic Development
Transcript Highlights:
- and the Micro Business Disaster Loan Program to offer loan cost abating. loans while businesses wait
- and micro businesses.
- Pending business.
- SB 1866 as pending business.
- My business has been devastated.
Keywords:
SB 1361, Texas disaster recovery loan, small business loan, micro-business loan, community development financial institution, CDFI, economic disaster assistance, post-disaster financing, business recovery fund, Texas Economic Development Bank, zero-interest loan, working capital, payroll support, health benefits, job retention, declared disaster, small business relief, microenterprise, franchise exclusion, private equity-backed business
TX
Texas 89th Regular
Senate Committee on Business and Commerce (Part I) May 1st, 2025
Business & Commerce
Transcript Highlights:
- And you'll hear from businesses, or from some of these pet stores, that they'll go out of business.
- So my question is, why are we back?
- Well, it's not an equity position by design because if you're becoming an equity position, you become
- So we've worked it around their business model and just said if this is your business model, these are
- . businesses.
Bills:
HB 12 , HB149 , SB229 , SB1361 , SB1749 , SB1897 , SB2113 , SB2566 , SB2677 , SB1652 , SB2327 , SB2344 , SB2696 , HB12 , HB149
Committee:
Senate Business & Commerce
Keywords:
artificial intelligence, regulation, biometric data, ethical AI, consumer protection, AI governance, automobile sales, finance, retail seller, motor vehicle purchase, motor vehicle sales, pricing restrictions, third-party financing, education, funding, student assessment, accountability, standards, motor vehicle, financing
TX
Transcript Highlights:
- The Senate Committee on Business and Commerce will come to order.
- If you applied this to other private retailers, If you apply this to other private retailers, the precedent
- set by this bill would dictate the parameters under which private businesses would be forced to operate
- We believe all of these scenarios would be bad for private businesses, and we believe that Senate Bill
- With no business to come before the committee, the Business and Commerce Committee at this time, Senator
Bills:
HB12 , HB149 , HB 12 , HB149 , SB229 , SB1361 , SB1749 , SB1897 , SB2113 , SB2566 , SB2677 , SB1652 , SB2327 , SB2344 , SB2696
Committee:
Senate Business & Commerce
Keywords:
election law, attorney general, prosecution, criminal offenses, law enforcement, jurisdiction, voter fraud, local prosecuting attorney, public safety, communication, governor approval, interoperability, political subdivision, radio systems, artificial intelligence, regulation, biometric data, ethical AI, consumer protection, AI governance
Summary:
The Senate Committee on Business and Commerce heard testimony on HB 149, the Artificial Intelligence Governance Act. Senator Schwertner described the bill as an outcomes-based AI framework that would require disclosure when people interact with AI, prohibit manipulative or social-scoring systems, address biometric capture, discrimination, and deepfake child exploitation, and give the Attorney General enforcement authority. It would also create an AI Sandbox and AI Council. Witnesses from the Texas Public Policy Foundation, a Houston attorney, TechNet, and the Texas Association of Business strongly supported the bill, praising its stakeholder process and pro-innovation approach, while Texas Appleseed suggested regulators should have more examination authority over sandbox participants. The bill was left pending.
The committee then heard SB 229, which would prohibit motor vehicle dealers from conditioning a sale on dealer-offered financing or charging more because a buyer uses outside financing or cash. Senator West said the bill is meant to stop forced financing and bait-and-switch pricing, and he noted the bill passed the committee and Senate in the prior session. The Texas Automobile Dealers Association opposed the bill, arguing it would force dealers to accept any third-party lender or cash transaction on terms they cannot control. The Texas Credit Union Association supported the bill, saying consumers should be able to choose outside financing without hidden fees or pressure. After questions about cash purchases and dealer practices, the bill was left pending.
The committee also took up SB 2566, which would clarify legislators’ access to information from executive agencies, including confidential information, by setting response deadlines, limiting confidentiality agreements to statutory terms, requiring a standard AG form, and creating a complaint and penalty process for noncompliance. No witnesses testified, and the bill was left pending. Finally, SB 1749, as substituted, would let certain court-related employees and judicial conduct commission personnel keep personal information such as home addresses and phone numbers confidential, with work addresses used in place of home addresses for certain purposes. District clerk and judicial conduct commission witnesses described threats and harassment as the reason for the bill, and a court administration witness answered questions about how the address protections would work with voter registration and precinct records. That bill was also left pending, and the committee recessed without further business.
MN
Transcript Highlights:
- </c><00:01:09.040><c> The</c> representing Minnesota business. The representing Minnesota business.
- That's the end of the business for today.
- That's the end of the business for today.
- </c><00:07:42.000><c> for</c> that's the end of the business for that's the end of the business for today
- ><00:08:03.360><c> this</c> being no further business, this being no further business, this committee
Bills:
SF1832
Committee:
Senate Finance
Keywords:
economic development, small business, workforce training, grants, entrepreneurship, equity, community support, 1187, senate, all
HI
Transcript Highlights:
- </c><00:17:29.840><c> out</c> individuals incarcerated in private out individuals incarcerated in private
- </c><00:19:16.880><c> outofstate</c> Havaii's reliance on private outofstate Havaii's reliance on private
- </c> want to invest in core civic and private want to invest in core civic and private prisons,<00:24
- </c> a private company to house our inmates. a private company to house our inmates.
- </c> programs to people to keep them busy? programs to people to keep them busy?
Bills:
HB1769
Committee:
House Public Safety
Keywords:
criminal justice reform, rehabilitation, private prisons, racial equity, Native Hawaiians, community well-being, mass incarceration, 910, house, all
Summary:
The committee heard House Bill 1769, which would require the Department of Corrections and Rehabilitation to incrementally reduce the number of people incarcerated in private out-of-state correctional institutions. The DCR director opposed the bill, saying the department does not control overall prison population levels because courts determine admissions, and arguing that Hawaiʻi’s in-state facilities are already over capacity, especially Halawa, which he said is 165% over design capacity. He said only a small portion of the population is under departmental control through furlough programs and argued that bringing people home would require building a new medium-security prison.
Supporters, including the Office of Hawaiian Affairs, the Hawaii Correctional System Oversight Commission, the Public Defender’s office, and several individuals, argued the bill creates a phased, accountable path to reduce reliance on mainland prisons and bring people home. Supporters emphasized the harms of separating incarcerated people from ʻohana and culture, the disproportionate impact on Native Hawaiians, and the need for diversion, treatment, re-entry support, and fair sentencing. Several testifiers also said the department has more control than it claimed, pointing to underused furlough options, reclassification, and empty beds at some in-state facilities, while others urged clearer statutory language and guardrails.
Members questioned the director about whether people could be reclassified or moved to available beds at facilities such as Kulani and Waiawa, and about whether the department could do more through staffing and contract changes. The director said some proposals had been sent to the Department of Human Resource Development, but that major facility changes would be costly and that minimum-security facilities would need substantial upgrades to house medium-security inmates. After discussion, the chair said the committee would defer HB 1769 to Wednesday, February 18, 2026, at 11:30 a.m. for decision-making and adjourned the meeting.
MN
Transcript Highlights:
- And again, there's other business mandates that have need to be worked on and maybe in other areas, not
- Chair, again, just to circle back, I think Chair Pinto and I have been very committed, though, to trying
- And again, there's other business mandates that have need to be worked on and maybe in other areas, not
- Chair, again, just to circle back, I think Chair Pinto and I have been very committed, though, to trying
- Chair, again, just to circle back, I think Chair Pinto and I have been very committed, though, to trying
Committee:
House Ways and Means
WA
Washington 2025-2026 Regular Session
Senate Higher Education & Workforce Development Jan 26th, 2026 at 10:30 am
Higher Education & Workforce Development
Transcript Highlights:
- private equity firm, Ultra Capital.
- And the private equity or hedge funds seem to be the vehicle of choice with universities that are looking
- And the private equity or hedge funds seem to be the vehicle of choice with universities that are looking
- The private equity fund or hedge fund, if you— The private equity fund, or hedge fund, if you will, would
- The UW does not have a private equity arrangement.
Keywords:
financial aid, higher education, private institutions, student awards, affordability, Washington college grant, postsecondary education, nondegree programs, educational access, data collection, parenting students, education, support services, academic performance, college athletics, private equity, sovereign wealth funds, student athletes, financial agreements, 904
WA
Washington 2025-2026 Regular Session
House Technology, Economic Development, & Veterans Feb 4th, 2026 at 08:00 am
Technology, Economic Development, & Veterans
Transcript Highlights:
- That was back on September 4th of 2025. Let's see.
- That was back on September 4th of 2025.
- But private match ultimately amounted to 163 million.
- But private match ultimately amounted to 163 million.
- I believe it's privately funded.
WA
Transcript Highlights:
- Peter Clawfulter, staff to the Consumer Protection and Business Committee.
- And we're back. We're going to go ahead and start executive session. And we're back.
- And a lot... ...is a tobacco shop that does a tremendous amount of business.
- So that certainty will enable the businesses to make investments.
- Seeing no further business before the committee, we are adjourned.
Bills:
HB2713 , HB2730 , HB2297 , HB2487 , HB2382 , HB2089 , HB2431 , HB2451 , HB2590 , HB2325 , HB2278 , HB2224 , HB2322
Committee:
House Finance
Keywords:
private detention facilities, business tax, occupation tax, financial impact, state revenue, aerospace, tax preferences, effectiveness, economic impact, grocery stores, underserved communities, food access, incentives, economic development, insurance tax, state regulation, insurers, taxation, budget impact, excise tax
AZ
Transcript Highlights:
- The Commerce Authority and this fund have a litany of issues going back decades.
- We don't think government should be in the business of subsidizing private industry.
- And yes, I’ve never had a career officially in international business, but I’ve kind of backed into it
- And yes, I’ve never had a career officially in international business, but I’ve kind of backed into it
- And yes, I’ve never had a career officially in international business, but I’ve kind of backed into it
Committee:
House International Trade
Keywords:
trade offices, committee, Arizona commerce authority, stakeholder input, efficiency, Arizona competes fund, economic development, fund repeal, state finances, state appropriations, Arizona Commerce Authority, job creation, business incentives, commerce authority, public-private partnership, business regulation, Arizona governance, 1182, all
WA
Transcript Highlights:
- of business activities conducted within the state without any deduction for the cost of doing business
- to roll it back.
- House Bill 2713 imposes a business and occupation tax surcharge on the operators of private detention
- Washington currently prohibits any person, business, or state or local government from operating a private
- business.
Committee:
House Finance
WA
Washington 2025-2026 Regular Session
House Technology, Economic Development, & Veterans Feb 3rd, 2026 at 10:30 am
Technology, Economic Development, & Veterans
Transcript Highlights:
- And we'll be back. To the closet, the small, very small conference room.
- And we'll be back in 20 minutes. See you soon. Nice.
- Welcome back, welcome, welcome, welcome back, everyone, to the Technology, Economic Development, and
- A business applies for certification with the office, and if the business meets qualification criteria
- OMWBE, Office of Minority and Women's Business Enterprises.
Keywords:
community reinvestment, housing, local funding, urban development, economic revitalization, data protection, privacy, performance measures, reporting requirements, office of privacy, social disadvantage, business certification, state guidelines, economic equity, minority-owned businesses, combat veterans, support, military service, injury compensation, veteran affairs
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Mar 12th, 2026 at 09:00 am
Oklahoma Senate Floor Meeting
Transcript Highlights:
- It will come back. You will see a sunset. You will see a stacking provision.
- This establishes tiered ownership frameworks that clearly align value among investors, universities, private
- I believe we have an amendment to put the title back on.
- So, it would be good to know about going back to my first question.
- So, you might figure on bringing some different clothes to wear if you aren't going to go back home and
Keywords:
SB1696, Oklahoma Talent Attraction and Relocation Program, Oklahoma Talent Attraction and Relocation Revolving Fund, Department of Commerce, economic development, workforce development, community development, relocation incentives, talent recruitment, in-migration, population growth, household relocation, grant program, revolving fund, local government grants, municipalities, counties, nonprofit organizations, economic incentives, residency
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Mar 12th, 2026
Oklahoma Senate Floor Meeting
Transcript Highlights:
- It will come back. You will see a sunset. You will see a stacking provision.
- Help me welcome them back, with Paulette Stattler as their coordinator this year. Mr. Leader.
- I believe we have an amendment to put the title back on.
- I believe we have an amendment to put the title back on.
- So whether those students are in public school or homeschool or private schools, this test, when ...in
Keywords:
SB1696, Oklahoma Talent Attraction and Relocation Program, Oklahoma Talent Attraction and Relocation Revolving Fund, Department of Commerce, economic development, workforce development, community development, relocation incentives, talent recruitment, in-migration, population growth, household relocation, grant program, revolving fund, local government grants, municipalities, counties, nonprofit organizations, economic incentives, residency
Summary:
The Senate convened with a quorum, offered the invocation, and recognized the Doctor of the Day and several visiting groups in the galleries. The chamber then moved through a series of bills, with most of the action focused on third reading, amendments, and final passage votes. Senator Coleman’s motion to reconsider the failed vote on SB 1696 passed, allowing the bill to be taken up again.
SB 1696, described by Senator Coleman as a rural economic development measure with no fiscal impact, passed on final passage and then passed again as an emergency measure after several senators changed votes from no to yes. SB 1670, as amended to add defense to the industries covered by its technology-transfer guidance, passed unanimously and was declared an emergency measure. SB 1687, which would strengthen Service Oklahoma’s authority regarding written driver’s tests and extend learner’s permit timing, was amended to delete unclear language and restore the title, then passed unanimously.
SB 1975, which reorganizes how schools publicize AP testing dates, locations, and sign-up information, drew questions about compliance and implementation but no opposition; it passed unanimously and was also declared an emergency measure. After the bills were disposed of, members made personal announcements, including congratulations for a new grandchild and upcoming birthdays, and the Senate adjourned until Monday, March 16, 2026.
MN
Transcript Highlights:
- That money comes back to us as a business, and I'm happy to contribute because I love living and working
- That money comes back to us<00:37:41.200><c> as</c><00:37:41.359><c> a</c><00:37:41.400><c> business<
- But the wealthy hold a lot of alternative assets, including closely held businesses, private partnerships
- , real estate, intellectual property, tangible property of all types, art collections, private equity
- while private equity buys more and more homes to make money on that they don't have to pay taxes on
Committee:
House Taxes
Keywords:
child tax credit, financial assistance, low-income families, state revenue, tax policy, net investment income, taxation, business income, self-employment, tax increase, wealth tax, fairness, public services, high-income earners, economic equity, Internal Revenue Code, employee classification, federal law, Minnesota statutes, 1183
OK
Oklahoma 2026 Regular Session
Technology and Telecommunications REVISED Feb 19th, 2026 at 10:00 am
Technology and Telecommunications
Transcript Highlights:
- So let's be our We've got some members that need to go to business and an entrance.
- That was drafted back in 1989, long before a lot of advanced industries has come This will help us do
- I do know that the hope is that we have somewhat of a time frame to come back and look at this so that
- So, the hope is that while we have some regions in place, when they come back to address it, we could
- We would have to go back to when we put the act in place. There was a physical impact on it.
Committee:
Senate Technology and Telecommunications
Keywords:
higher education, state regents, university research, technology transfer, intellectual property, patent ownership, royalty income, commercialization, startup companies, research partnerships, public universities, faculty inventions, student inventions, innovation policy, economic development, medical technology, biotechnology, energy technology, telecommunications, aerospace and defense
OK
Oklahoma 2026 Regular Session
Technology and Telecommunications REVISED Feb 19th, 2026
Technology and Telecommunications
Transcript Highlights:
- We've got some members that need to go to business and then entrance.
- It was drafted back in 1989, long before a lot of advanced industries came.
- I think it would be better to go back a little bit, though.
- The Internal Revenue Service uses a private provider known as ID.me.
- I am. ...regularly to conduct business and to verify who I am, excuse me.
Committee:
Senate Technology and Telecommunications
Keywords:
higher education, state regents, university research, technology transfer, intellectual property, patent ownership, royalty income, commercialization, startup companies, research partnerships, public universities, faculty inventions, student inventions, innovation policy, economic development, medical technology, biotechnology, energy technology, telecommunications, aerospace and defense
Summary:
The Senate Technology and Telecommunications Committee considered three Senate bills. SB 1670, by Senator Reinhart, would require the State Regents to update Oklahoma university technology transfer guidance, create a tiered ownership framework, and revisit the guidance every seven years. Members questioned the seven-year review period, the scope of terms like aerospace and autonomous technologies, and how broadly the new tiered system would apply. The bill was presented as a way to modernize an outdated 1989 framework and help turn university research into companies, jobs, and economic impact. It passed 8-0.
SB 1716, by Senator Howard, amended the Security Breach Notification Act to replace references to a “cybersecurity event” with “breach of the security of a system” and to clarify that there is no private right of action for ordinary negligence when a business reports breaches to the Attorney General. Howard explained that the Attorney General would retain exclusive enforcement authority for reasonable-standards violations, while private lawsuits would remain available only for more egregious conduct such as willful, wanton conduct or gross negligence. Members asked about the negligence standard, HIPAA-related breaches, and staffing needs for the Attorney General’s office. The amendment was adopted, and the bill passed 8-0.
SB 1521, by Senator Hamilton, would prohibit minors from accessing artificial intelligence companions and set age-verification and re-verification requirements, including use of government-issued identification and periodic re-verification. Hamilton said the bill was aimed at protecting children from harmful interactions with AI companions and was narrowly drafted to avoid sweeping in other AI tools like customer-service bots. Members raised concerns about the reasonableness and consistency of age verification, account creation requirements, and how the bill would interact with existing statutes on sexually explicit conduct. The chair spoke in support of the measure, and the bill passed 8-0. The committee then adjourned.
NM
New Mexico 2026 Regular Session
House - Commerce and Economic Development Feb 13th, 2026 at 05:24 pm
House Commerce & Economic Development Committee
Transcript Highlights:
- That is one of the advantages of having private equity.
- small hospital that has a private equity partnership that just charges a flat monthly fee.
- customers of PNM and other utilities in New Mexico regarding private equity ownership.
- The objective of private equity is to increase return equity for its investors.
- Once private equity takes over these companies, that opportunity is going to be lost.
Keywords:
public utility, certificate of public convenience and necessity, certificate of need, Public Regulation Commission, PRC, utility regulation, ratemaking, energy storage, battery storage, grid reliability, renewable energy, transmission, distribution, generation plant, utility expansion, service territory, mutual domestic water consumer association, economic development department, clean energy, fossil fuel reduction
LA
Louisiana 2026 Regular Session
Commerce May 20th, 2026
Commerce, Consumer Protection, and International Affairs
Transcript Highlights:
- can face private lawsuits for alleged violations?
- What I'm really curious about is that the business model, is the business model for the item to appear
- will not use that business.
- business?
- business?
Keywords:
economic development, rural communities, infrastructure, workforce training, Louisiana Economic Development, engineering, land surveying, construction, state fire marshal, plan review, hidden fees, junk fees, drip pricing, price transparency, mandatory fees, surcharges, consumer protection, unfair trade practices, advertising disclosures, total price
Summary:
The Senate Commerce Committee met on April 20, approved the prior meeting minutes, and then heard a series of bills and resolutions. It first advanced H. CR 66, which directs Louisiana Economic Development, working with the Governor’s Office of Rural Development, to study rural parish economic assets, infrastructure, workforce, and development opportunities. The committee also moved HB 387, a clarification allowing the fire marshal to review architectural and engineering plans equally, and HB 1223, which seeks to promote clinical trials in Louisiana by having LED market the state’s research capacity and by adjusting internal review board procedures. HB 1228, a cleanup bill for hearing aid dealers that updates definitions, contracts, testing periods, licensing, and related requirements, was also reported favorably, as was HB 950, which would create an elderly consumer perception program through the Office of Elderly Affairs to help seniors recognize scams and fraud.
The committee spent the most time on HB 617, a broad “hidden fees” consumer transparency bill. The author and supporters said it would require mandatory fees to be included in upfront pricing so consumers can make informed choices, while opponents from grocery, restaurant, hotel, housing, retail, and business groups argued the bill was vague, overly broad, and likely to create compliance burdens and litigation risk. Housing advocates objected to the bill’s housing exemption, warning it could weaken renters’ ability to bring claims over undisclosed fees. After extensive debate over variable pricing, sales taxes, enforcement, and the scope of the bill, Senator Morris moved to defer HB 617, and the committee agreed without objection.
The committee also heard HB 797, which would create a “Bayou Gold” certification program for certain gold vendors and transactional gold products. The sponsor said the program would encourage vendors to keep gold insured, segregated, and closer to Louisiana consumers, with the Treasury administering the certification through participant fees. Several senators and an outside witness raised concerns that the state seal could be mistaken for an endorsement, could create liability or consumer confusion, and would favor a narrow set of vendors. Despite opposition, the committee reported HB 797 favorably, with members noting it still had to go to Finance. Later, the committee advanced HB 1186, which would create a more uniform statewide building code and licensing system for inspectors, add disciplinary authority, and impose a small permit fee to support the program, and HB 1222, which would let LED develop a grocery initiative to address food deserts and food insecurity. The meeting concluded with the committee hearing HB 1256 on abandoned digital assets, which would require dormant digital assets to be held in original form for three years so owners can reclaim them.
TX
Transcript Highlights:
- A no-impact home-based business must meet several requirements.
- business is compatible with the residential area.
- Let me back up.
- Back around the insurance as well.
- Is there any business the committee needs to address?
Committee:
House Intergovernmental Affairs
Keywords:
municipality, local government, Type A, Type B, Type C, change authority, emergency medical services, civil service status, municipal government, public safety, local government code, school funding, education, state budget, local control, equity, tenant legal services, eviction, low-income tenants, disability rights