Bills: SB 312, SB 945, SB 946, SB 1367, SB 1861, SB 2044, SB 2337, SB 2403, SB 2819, SJR 54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Bills: SB 312, SB 945, SB 946, SB 1367, SB 1861, SB 2044, SB 2337, SB 2403, SB 2819, SJR 54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Transcript Highlights:

• more subpoenas to compel BlackRock Incorporated, State Street Corporation, or any other financial services

Bills: SB312, SB945, SB946, SB1367, SB1861, SB2044, SB2337, SB2403, SB2819, SJR54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Summary: The Senate Committee on State Affairs was called to order and a roll call showed most members present, with one absent. The chair explained that the committee had arranged witnesses for a later meeting but had received responses from some parties declining to testify, prompting Senator Bettencourt to offer a written motion for subpoenas. The motion authorized the committee chair, under Senate Rule 11.20, to issue subpoenas to BlackRock, State Street, or other financial services companies affecting Texas public pension investments, along with their subsidiaries, affiliates, officers, employees, agents, or representatives. The subpoenas would require testimony and production of records concerning investment practices, the impact on Texas public pension funds, and any investments intended to further political or social causes. Members discussed the importance of obtaining testimony and the limited but necessary use of subpoena power. The committee then voted, with 10 ayes, no nays, and one absent, to adopt the motion. With no further business, the committee recessed until the call of the chair, planning to return after the local calendar.

Transcript Highlights:

• Proxy advisory firms provide services to corporations and institutional investors.
• Proxy Advisory firms provide services to corporations and institutional investors.
• SB 2337 mandates proxy advisory services based in Texas to provide recommendations solely based on the
• Again, a proxy advisory firm.
• Again, a proxy advisory firm.

Bills: SB312, SB945, SB946, SB1367, SB1861, SB2044, SB2337, SB2403, SB2819, SJR54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Summary: The committee heard Senate Bill 945, 946, 2044, 2819, 2403, 2337, and 312, with all bills left pending after testimony. SB 945 would restrict insurance companies from denying or limiting coverage based on oil and gas activity or ESG-related goals, and supporters argued it would protect Texas energy producers from politically motivated shareholder activism and insurance discrimination. SB 946 would bar creditors from using social credit, ESG, DEI, or religious/political affiliation as a basis for denying or limiting credit; witnesses said it would prevent viewpoint-based financial discrimination and protect access to capital for Texas businesses. SB 2337 would require proxy advisory firms to disclose when recommendations are based on non-financial factors or when they give conflicting advice to different clients; supporters said the measure would increase transparency and curb ESG-driven influence over shareholder voting. SB 312 would direct public retirement systems to focus on financial returns rather than social or political objectives, with the author saying the bill responds to activist pressure on pensions and would reinforce fiduciary duty. The committee also took up election and ethics measures. SB 2044 would strengthen electioneering restrictions for publicly funded education institutions and personnel, prohibiting use of official resources to promote political agendas; testimony focused on alleged school district electioneering in bond and tax elections. SB 2819 would prohibit county elections administrators from holding certain officer positions appointed by elected officials, addressing potential conflicts of interest. SB 2403, the Texas Ethics Commission sunset bill, would restructure complaint handling with a three-tier violation system, risk-based complaint prioritization, longer response times, bipartisan preliminary review panels, and expanded hearing options; members discussed amendments aimed at dismissing minor complaints, clarifying categories, and adjusting lobbying and penalty provisions, but the amendments were withdrawn during committee consideration. Across the ESG and finance bills, invited witnesses from the American Energy Institute, Heartland Impact, Consumers Research, ADF Action, Texas Civil Justice League, and related groups generally supported the measures, arguing that banks, insurers, proxy advisors, and asset managers have used ESG or reputational-risk standards to discriminate against energy, agriculture, firearms, and religious organizations. No opposition testimony was presented in the excerpt, and the committee closed public testimony on each bill and left them pending.

Bills: SB312, SB945, SB946, SB1367, SB1861, SB2044, SB2337, SB2403, SB2819, SJR54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Transcript Highlights:

• Proxy advisory firms provide services to corporations and institutional investors. investors.
• They hire one of two, primarily two proxy advisory firms.
• The proxy advisory firms.
• SB2337 mandates proxy advisory services based in Texas to provide recommendations solely based on the
• Let's talk about ISS, again, a proxy advisory firm.

Bills: SB312, SB945, SB946, SB1367, SB1861, SB2044, SB2337, SB2403, SB2819, SJR54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Transcript Highlights:

• more subpoenas to compel BlackRock Incorporated, State Street Corporation, or any other financial services

Bills: SB312, SB945, SB946, SB1367, SB1861, SB2044, SB2337, SB2403, SB2819, SJR54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Transcript Highlights:

• House Bill 4428 is, and as well as 4429, are both Related to shareholder proxy advisors, so 4428 says
• that if a proxy advisor is used, the advisor must provide a written commitment to follow standards,
• making sure that a proxy advisor used in our pension funds is doing so based on fiduciary duties and
• not utilizing ESG or other DEI metrics, and votes for proxy of our pension systems move adoption.
• This bill is similar in that it deals with proxy advisors.

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:

• new constitution or a package of amendments, recalling delegates would be meaningless because their service
• organization that I represent is an organization that helps veterans as they are transitioning from military service
• organization that I represent is an organization that helps veterans as they are transitioning from military service
• bill would exclude that because we believe that there should be new construction affording these services
• institutionalized lifestyle that veteran has lived for, be it 20 years, 30 years, or a short enlistment, that service

Bills: HB2424, HB2608, HB2775, HB2805, HB2908

Keywords: Arizona political parties, precinct committeeman, precinct committeemen, proxy voting, party bylaws, county committee, state committee, qualified elector, election administration, political party rules, precinct representation, adjoining precinct, county party meeting, proxy attestation, notary public, witnesses, transitional housing, military veterans, grant program, housing services

Summary: The committee first heard HB 2908, which would impose criminal penalties on faithless Arizona Article V convention delegates, require delegates to take an oath, and direct the legislature and governor to ratify any approved amendment through the normal legislative process. The sponsor argued the bill adds guardrails to any future convention, while Common Cause Arizona opposed it as ineffective and insufficient to prevent a runaway convention. After debate about whether the bill could meaningfully constrain delegates, the committee voted 5-2 to return HB 2908 with a do pass recommendation. The committee then considered HB 2608, a veterans housing measure creating a military transitional housing grant program at the Arizona Department of Housing with a $7 million General Fund appropriation in FY 2027 and changes to the military transitional housing fund. Testimony focused on revisions to the bill, including limiting use of funds to new construction and requiring veteran-led or veteran-managed organizations. Several members said the bill was too similar to prior versions and had not gone through the Veterans Caucus process. On a motion to table, the committee voted to lay HB 2608 on the table. After a recess, the committee took up HB 2805, as amended, which creates a secure online portal for nomination petition signatures for local governing board candidates and related election administration changes. The sponsor said the bill was intended to give school board candidates and other local candidates equal access to the state’s electronic signature system, while members debated whether requiring candidates to declare party affiliation would undermine nonpartisan races. The Gillette amendment was adopted, and the committee then voted 5-2 to return HB 2805 as amended with a do pass recommendation. Finally, the committee heard HB 2775, which would bar the state and its subdivisions from using state assets or money to implement or enforce rules, taxes, or policies of international organizations, and would add restrictions on Arizona public universities’ dealings with certain foreign entities. Members discussed a proposed amendment to create oversight of foreign funding at Arizona State University and the Board of Regents, but raised concerns about rulemaking authority and constitutional issues. The committee ultimately voted to hold HB 2775 for further work, and then adjourned.

Transcript Highlights:

• respect... is going to do House Bill 761 by Representative Hilfordi, provides with respect to the advisory

Bills: HB761, HB1199

Keywords: rare cancers, advisory board, medical recommendations, oncologists, Louisiana cancer treatment, genetic testing, SCN2A, medical necessity, health insurance, rehabilitative services, neurological disorders

Summary: The Senate Insurance Committee met on May 27, 2006, with five members present. The committee announced it had two bills on the agenda and began with House Bill 761, carried by Senator Wheat, which concerns the advisory board created to recommend new treatments for rare conditions. The opening remarks indicate the bill relates to the board’s role and recommendations, though the transcript cuts off before the full explanation or testimony. No testimony, debate, or vote on HB 761 is included in the excerpt provided. The record ends shortly after the bill is introduced, so no further committee action is shown.

Bills: HB220, HB259, HB463, HB536, HB750, HB830, HB950

Keywords: child exploitation, online reporting, platforms, cyber crime, PROTECT Act, excavation, demolition, infrastructure repair, BEAD Program, utility damage, construction coordination, contact point, emergency services, telephone charge, wireless service, reporting requirements, communications district, wireless communication, school safety, community permits

Transcript Highlights:

• It provides for, with respect to the advisory board created to recommend new treatments for rare can.

Bills: HB761, HB1199

Keywords: rare cancers, advisory board, medical recommendations, oncologists, Louisiana cancer treatment, genetic testing, SCN2A, medical necessity, health insurance, rehabilitative services, neurological disorders, 974, senate, all

Transcript Highlights:

• service.
• of an essential service. of an essential service.
• intensive service. intensive service.
• providers in those 13 services. providers in those 13 services.
• the 14 services. the 14 services.

Bills: HF3526, HF3375, HF3469

Keywords: home care, licensing, fines, advisory council, grant program, client safety, healthcare regulation, HF3375, Minnesota disability waiver, waiver rate system, human services, individualized home supports, individualized home supports with training, individualized home supports with family training, positive support services, employment support services, employment development services, employment exploration services, billing limits, service authorization year

Transcript Highlights:

• Pension systems, and it requires that both the boards and any proxy advisors that they might use focus
• But this has to do with proxies and the responsibility for making sure that we vote those or receive
• So we're trying to get away from any instance in which we might be advised to vote proxies or invest
• So I'm trying to understand at what point a proxy boat that might impact beneficiaries could they could
• that by saying I think we're giving an option for forcing our pensions really not to participate in proxy

Bills: HB3057, HB3279, HB4428, HB3420

Keywords: government reporting, information technology, child welfare, environmental policy, state agency compliance, employment restrictions, state officers, prohibited acts, government contracts, public service, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty

Transcript Highlights:

• County to Area 4 of the six geographical planning areas of Arizona for representation on the Tourism Advisory
• We are adding it to the list of counties that are represented for the Tourism Advisory Council.
• workforce hub, rural infrastructure revitalization, and development of a rural health and community services

Bills: HB2065, HB2066, HB2071, HB2106, HB2237, HB2258

Keywords: appropriation, housing, Apache Junction, affordable housing, rehabilitation, blight abatement, broadband, fiber optic, technology, connectivity, infrastructure, rural development, workforce hub, health services, tourism, recreation, Superstition trails, funding, HB2258, Arizona tourism

Summary: The Committee on Rural Economic Development met briefly, adopted its committee rules, and heard several bills focused largely on Apache Junction, La Paz County, broadband, transportation, and rural economic development. HB 2258 would add La Paz County to Area 4 for representation on the Tourism Advisory Council and was described as correcting an omission; it passed unanimously 7-0. HB 2065 appropriates $9.5 million for Apache Junction housing infrastructure, rehabilitation, and blight abatement; members discussed statewide housing shortages and the need for targeted rural-adjacent investment, and the bill passed 6-1. The committee then considered HB 2066, which appropriates $8 million for broadband and fiber optic expansion in Apache Junction. The sponsor emphasized rural connectivity and safety concerns, especially for the Navajo Nation and students, and expressed openness to federal BEAD funding and amendments; the bill passed 6-1. HB 2106, an emergency measure to direct undistributed county transportation excise tax revenues to ADOT for Pinal County road projects, was explained as a way to use escrowed funds for the voters’ intended purpose after litigation over the tax; it passed unanimously 7-0. Finally, HB 2071 would appropriate $15.5 million for a rural business and workforce hub, infrastructure revitalization, and a rural health and community services facility in Apache Junction. Members discussed whether the proposal should be broadened to other rural areas and the need for accountability and possible amendments, including for the Navajo Nation; it passed 6-1. The chair noted that one remaining bill would be held for the next agenda, and the committee adjourned.

Transcript Highlights:

• However, many face tremendous challenges in doing so as they search for supportive services that enable
• live with dignity and independence in their own homes, some are confronted with offers of unfair services
• Furthermore, these schemes mislead consumers about how these agreements for future services will slow
• As part of a management contract for a myriad of other services, the current bill language leaves it
• Please be sure and ask your server, service attendant.

Bills: HB2226, HB2269, HB2343, HB2760, HB3621, HB4079, HB4204, HB4518, HB4531, HB4555, HB4850, HB4876, HB4903, HB4996, HB5122

Keywords: construction trust funds, Property Code, Chapter 162, construction payments, mechanics lien, contractors, subcontractors, laborers, material suppliers, materialmen, real property improvement, assignment of payment rights, unpaid trust funds, trust fund beneficiaries, construction industry, payment protection, Texas construction law, property owners association, landscaping, grass maintenance

Transcript Highlights:

• In front of you, House Bill 4079 deals with companies in Texas offering proxy advisory services.
• These are often referred to as proxy advisory firms.
• Proxy advisory firms. What I just said to you may not make any sense at all.
• But that's what's happening in the world of proxy service companies.
• Thank you to each for highlighting the legal and policy issues attendant to proxy advisory services and

Bills: HB2226, HB2269, HB2343, HB2760, HB3621, HB4079, HB4204, HB4518, HB4531, HB4555, HB4850, HB4876, HB4903, HB4996, HB5122

Keywords: construction trust funds, Property Code, Chapter 162, construction payments, mechanics lien, contractors, subcontractors, laborers, material suppliers, materialmen, real property improvement, assignment of payment rights, unpaid trust funds, trust fund beneficiaries, construction industry, payment protection, Texas construction law, property owners association, landscaping, grass maintenance

Transcript Highlights:

• There are five members currently on the advisory commission.
• , but advisory to what?
• Just the name lends itself to just being advisory, but advisory to what?
• well, I don't like that the advisory—well, they're just an advisory committee, so I'm going to do whatever
• Right now, this is an advisory commission.

Bills: SB238, HJR1, SM21, SM22

Keywords: Governor's Residence, management committee, government administration, New Mexico, advisory, commission, general services, nominating committees, boards of regents, student representation, political party registration, New Mexico constitution, overdose prevention centers, harm reduction, drug overdose, opioid crisis, substance use disorder, public health, addiction treatment, naloxone

Transcript Highlights:

• The issue's Going to be on limitations related to proxy advisors.
• Nationally, there's a huge problem because a lot of people don't understand what these proxy advisors
• advisor or other service provider's recommendation.
• This is the proxy advisor transparency, if you want to call it that.
• for consulting services and actions taken as a result of those contracts for consulting services or

Bills: HB1739, HB1784, HB1889, HB2116, HB2206, HB3625, HB2939, HB3028, HB3265, HB3313, HB3413, HB3414, HB3415, HB3416, HB3417, HB3418, HB3420, HB3588, HB3748, HB3721, HB3852, HB4132, HB4263, HB4303, HB4311, HB4428, HB4429, HB4434

Keywords: retirement, law enforcement, disability benefits, pension system, Oklahoma, education reform, local control, student outcomes, curriculum changes, school funding, public retirement systems, pension, retirement benefits, cost-of-living adjustment, COLA, inflation adjustment, CPI-U, Consumer Price Index, firefighters pension, police pension

Transcript Highlights:

• I was managing partner for the last 15 years of that period of time, where I managed multiple service
• There's a natural friction between service and accountability, and as you know, those two things can
• We're an integral part of providing service to every agency and state government.
• Have the subject matter expertise to deliver that service at a high level. Further questions?
• Currently, these proxies And the members that are served on these investment boards are fiduciaries,

Bills: HB1170

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