Transcript Highlights:

• secret ballot in union representation decisions, protects employee privacy, and it protects employer rights
• Yeah, you're right, we are telling them not to use coercive tactics, so They can still collectively bargain
• Right now, we need economic diversification in the state of Oklahoma.
• You just got to go about it in the right way. Thank you for your consideration. I urge you, yes.

Bills: SB1824, SB1813, SB1326, SB1277, SB1937, SB1217, SB1826, SB1641

Keywords: corporation, corporate governance, business entities, Oklahoma General Corporation Act, limited liability company, LLC, shareholder rights, beneficial owner, controlling shareholder, control group, interested director, fiduciary duty, books and records inspection, corporate records, ratification, defective corporate acts, putative stock, stock issuance, treasury shares, rights and options

Transcript Highlights:

• It protects employee privacy, and it protects employer rights during union organizing efforts in Oklahoma
• Yeah, you're right.
• Right now? Okay. First of all, we need economic diversification. Right now? Okay.
• You just got to go about it in the right way. Have those units and have those relationships.
• You just got to go about it in the right way. Thank you for your consideration. I urge you yes.

Bills: SB1824, SB1813, SB1326, SB1277, SB1937, SB1217, SB1826, SB1641

Keywords: corporation, corporate governance, business entities, Oklahoma General Corporation Act, limited liability company, LLC, shareholder rights, beneficial owner, controlling shareholder, control group, interested director, fiduciary duty, books and records inspection, corporate records, ratification, defective corporate acts, putative stock, stock issuance, treasury shares, rights and options

Summary: The committee met with a quorum present and heard several bills, mostly business, licensing, and economic development measures. HB 1277, presented by Rep. Hill, updated OESC job-search requirements and added flexibility for rural residents; it passed 8-0. SB 1217, an OREC request bill presented by Rep. Osborne, would allow a person to tour a house without first signing a contract with a real estate agent; after questions about federal real estate settlement issues and buyer-agent compensation, it passed 7-1. SB 1826 would eliminate the sunset on the Oklahoma Enterprise Zone Incentive Leverage Act and passed 8-0. SB 1824 updated the Oklahoma General Corporation Act as a mirror to a House bill and passed 8-0. SB 1813 would allow the governor to enter athletic trainer licensure compacts with other jurisdictions and passed 7-1. SB 1326 modernized self-storage facility operations and passed 7-0. The committee then took up SB 1937, the Taxpayer Dollars Protect Workers Act, which would condition economic development incentives on labor-practice requirements intended to preserve secret-ballot organizing, employee privacy, and employer rights. Rep. Blancett raised concerns that the bill could harm the film, entertainment, and Olympic-related industries and undermine economic diversification, while Rep. Lepak argued it was aimed at preventing coercive organizing tactics and said similar measures had passed in other states. After a brief debate, the bill passed 5-1-2. Finally, SB 1641, requiring an email address in LLC articles of organization filed with the Secretary of State, passed unanimously. The committee then adjourned.

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:

• who have rights to purchase of the corporation, including shareholders whose rights to purchase must
• who have rights to purchase of the corporation, including shareholders whose rights to purchase must
• They all have equal rights. The shareholders approve the whole plan. They have it in front of them.
• This actually is creating a mechanism for enforcement of rights in the target company's shareholders
• <00:13:02.880> the<00:13:03.000> target rights by the shareholder and the target rights

Bills: HF747, HF360

Keywords: corporate governance, shareholder rights, beneficial ownership, defective corporate acts, Minnesota Business Corporation Act, trusts, Uniform Trust Code, probate, estate planning, trust protector, directed trust, investment trust advisor, distribution trust advisor, excluded fiduciary, decanting, power of appointment, revocable trust, irrevocable trust, uneconomic trust, rule against perpetuities

Transcript Highlights:

• I think that's right.
• But when you say strengthen shareholder agreements or improved shareholder agreements, I mean That's
• Right?
• The reason it wouldn't go under insurance is because it's not insurance, right?
• Their concern is not right. Maybe that is the practice today. I cannot speak to that.

Bills: HB3081, HB3127, HB3128, HB3498, HB2035

Keywords: fire extinguisher, licensing, public safety, age qualification, State Fire Marshal, medical marijuana, employment rights, safety-sensitive positions, workplace policies, public assistance, workforce development, economic competitiveness, task force, apprenticeships, training programs, training barriers, business growth, industry coordination, business entities, corporation law

Transcript Highlights:

• All right. Are the witnesses ready, Brian? No witnesses ready to go, you think?
• Who called the convention right now with 50 in the union? What if you're one of the 16 that did?
• And that's an ongoing process, right? That's why we have ongoing legislative sessions.
• By making it permanent, we eliminate that right from any future Texans who don't like it.
• The point is, these are all things that are happening right now.

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: 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:

• Because a lot of times right now when they're saying, you know, we think it's a minority shareholder
• Right.
• But right now, almost everything, the way the law is now, is falling in Category 2. Right.
• We have proof right here in Texas. in particular, the University of Texas, Texas A&N, Right here in Texas
• We lost,' right?

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.

Transcript Highlights:

• That's why I have a stricken title right.
• That's as far as the bill goes right now.
• Again, right now, someone's just arguing reasonable value.
• That is probably all right. I'm gonna get with you after.
• But the one that does not want to urn or do right right off the But then they'll slide back down to level

Bills: SB2030, SB1926, SB2170, SB2151, SB2166, SB1213, SB1381, SB1824, SB1876, SB1728, SB1582, SB1286, SB1386, SB1708, SB1618

Keywords: expungement, record sealing, criminal records, clean slate, automatic expungement, expedited expungement, criminal history, OSBI, Oklahoma State Bureau of Investigation, deferred judgment, delayed sentence, pardon, pardon and parole board, law enforcement records, sealed records, arrest records, conviction records, reclassification of felony to misdemeanor, reentry, second chance

Transcript Highlights:

• All right. Are the witnesses ready, Brian? No witnesses ready to go, you think?
• Who called the convention right now with 50 in the union? What if you're one of the 16 that did?
• And that's an ongoing process, right? That's why we have ongoing legislative sessions.
• While these sound amazing and we already... ...have most of them right.
• The point is these are all things that are happening right now.

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:

• A lot of times right now, when they're saying, you know, we think it's a minority shareholder that's
• Right.
• Right.
• But right now, almost everything under the current law is falling into Category 2. Right.
• Right, where to pass.

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

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:

• I'll just tell you about them right now.
• I think that was the point of your bill, is what you just said, right? OK, any other questions?
• Presentative Kerbs, go right ahead. Thank you, chair.
• It's a working draft and the explanation that went with it, right? More questions?
• Right now, they have chosen not to. It's a little subtle thing.

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:

• Is that all right with you? So the DE1 is before us.
• All right, members, any discussion? All right.
• I understand the reasoning behind this, right?
• All right. Hearing no further discussion? Co-Chair O'Driscoll, any final thoughts?
• What you and I were thinking this morning, so that's exactly right.

Bills: HF1224, HF1615, HF2403

Keywords: foreclosure, mortgage postponement, homeowners, redemption period, Minnesota Statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Transcript Highlights:

• Yes, that's right. Thank you. Any further discussion?
• We do have to vote that, that's right.
• Madam Chair, all right members, any discussion?
• So that's exactly right.
• <00:20:22.720> then to the general register all right then to the general register all right

Bills: HF1224, HF1615, HF2403

Keywords: foreclosure, mortgage postponement, homeowners, redemption period, Minnesota Statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Transcript Highlights:

• All right.
• All right. Sorry, **Representative West**.
• Right now, Minnesota's medical cannabis program is at risk.
• All right. With that, Mr. Brahma, welcome to the committee.
• And if we're going to encourage our future leaders to, you know, do right, let's do right now so that

Bills: HF1545, HF2426, HF1615, HF2403

Keywords: medical cannabis, cultivation, cannabinoid products, plant canopy, Minnesota statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Transcript Highlights:

• All right. With that, you, Mr. Chair. All right.
• Right.
• All right. got some testifiers. Is Okay. All right.
• All right.
• All right. Um, up the A1 amendment. All right.

Bills: HF1545, HF2426, HF1615, HF2403

Keywords: medical cannabis, cultivation, cannabinoid products, plant canopy, Minnesota statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Transcript Highlights:

• So we could just get going on that right away.
• So we started that process right away, but then we realized it's going to take a while.
• So this is the most ideal way to go to administer the funds. on that right away.
• Um you know it's on that right away.
• Those rights should never be impinged. It should not be in question.

Bills: HB2436, HB2438, HB2532, HB2566

Keywords: arts integration, fine arts education, public schools, cultural education, student engagement, school coordinators, Hawaii education, Hawaii Cultural Trust, income tax credit, arts funding, cultural preservation, charitable contributions, HB2532, Hawaiian flag, Ka Hae Hawaiʻi, flag display, condominium, condo association, planned community association, cooperative housing corporation

Summary: The committee on Culture and the Arts heard several measures related to arts funding, administration, and access. Testimony was largely supportive across the agenda. For HB 2218 and HB 1815, the State Foundation on Culture and the Arts supported the bills, and members discussed transition timing and administrative support, including the need for an additional year in one measure and a temporary administrative position to help with the transfer. HB 1764, the music accessibility pilot program, drew broad support from the Retail Merchants of Hawaii, Hawaii Symphony Orchestra, Hawaii Public Library System, Hawaii Youth Symphony, and others, with testimony emphasizing library-based music programming, community access, and economic benefits. HB 2117, which would create an arts data mapping task force, also received extensive support, though witnesses suggested narrowing the initial scope, adding representatives from independent and charter schools and neighbor island arts programs, and ensuring adequate funding and a realistic timeline for the work. The committee also heard HB 2436 on arts integration in public schools, HB 2438 on the Hawaii Cultural Trust, and HB 2532 on the Hawaiian flag. HB 2436 and HB 2438 received support from SFCA, while the Cultural Trust bill prompted a lengthy explanation from the chair about how the proposed tax credit would work and amendments to clarify that donations to the trust and to qualifying cultural nonprofits must be made in tandem, with eligible organizations listed and updated annually by SFCA and OHA. HB 2532 drew testimony from Dr. Adam Jansen in support of protecting the Hawaiian flag as a historical and cultural symbol; he said the flag should continue to be used for solidarity, protest, inclusion, and identity. At the decision-making portion, the committee adopted the chair’s recommendations on the measures considered. HB 2118, HB 764, HB 1815, and HB 2117 were passed with amendments, including date deferrals and technical changes; HB 764 also had its appropriation blanked out. HB 2436 was passed with amendments, and HB 2438 was advanced with substantial clarifying amendments to the cultural trust structure. The chair indicated that HB 2117 would include an interim report due in 2027 focused on music and dance, with a final report due in 2029 on arts education more broadly.

Transcript Highlights:

• All right, next we will move on to, well, let's see.
• All right, members, we're going to resume the committee.
• All right, thank you, members. I appreciate your patience.
• This, the way it is right now..." "Thank you for the question.
• So if I can get to the right page.

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

Summary: The Senate Committee on Retirement and Insurance met and first passed House Bill 3057, which removes obsolete statutorily required reports identified in a Loft review to streamline agency reporting requirements. Senator Kirt asked whether any agency functions were being eliminated, and Senator Rader said some reporting-related functions would no longer be required, citing the organized retail crime task force final report as an example. The bill passed 7-0. The committee then unanimously confirmed Marla Tharp to another four-year term on the Board of Trustees of the Teachers’ Retirement System of Oklahoma, with members discussing her service, the system’s unfunded liability, and her long career in school administration. After that, House Bill 3279 passed 9-0. That measure raises the conflict-of-interest certification threshold to contracts of $25,000 or more, bars involved officers or employees from taking jobs with the winning contractor for one year, and clarifies that another person may sign for a director. Senators asked how broadly the restriction applies and whether the change addressed existing loopholes. House Bill 4428 also passed, 7-2, after debate and amendment. The bill directs pension boards and proxy advisors to focus on pecuniary factors in investment and proxy voting decisions, while limiting reliance on non-pecuniary considerations unless they affect financial risk or return. Amendments added language requiring entities to be headquartered and operate in the United States and aligned the bill’s investment-purpose language with existing statute. Senator Kirt opposed the measure, arguing it could unduly limit long-term considerations and proxy voting. Finally, House Bill 3420 passed 8-0. Described as part of a bipartisan effort informed by the state auditor and Loft, it makes several changes to the Oklahoma Central Purchasing Act, including limiting pilot procurement testing to one year, removing flex benefit plan acquisitions from certain bidding exemptions, clarifying that professional services need not be bid, and posting sole-source and sole-brand reports on the OMES website instead of sending them to legislative leadership. Senators questioned several deletions and additions, and the author said the bill was intended to clean up procurement rules and reduce opportunities for waste or abuse.

Transcript Highlights:

• There he is, right? You're recognized. Thank you, Mr. Chairman, and thank you, members.
• Well, right now, they're an advisory board.
• You have different types of minority shareholders.
• All right. Any other questions? The due pass and a second. Would it be a debate?
• All right, committee. Representative Miller, you're recognized for SB 1653. Thank you, Mr.

Bills: SB378, SB540, SB1061, SB1475, SB1531, SB1534, SB1684, SB1824, SB1826, SB2049

Keywords: bail bondsman, bondsman license, multicounty agent bondsman, surety bondsman, Insurance Commissioner, bail bond regulation, bond deposit, forfeiture, deposit ratio, writing capacity, license transfer, power of attorney, surety bond, bail industry, Oklahoma insurance law, financial solvency, administrative action, dentist, dental hygienist, dentistry