Video & Transcript Research : 'subsidiary'

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FL

Florida 2026 Regular Session

Education Postsecondary Feb 18th, 2025

Education Postsecondary

Transcript Highlights:
  • To do that, they need a for-profit subsidiary that can handle that assignment.
  • To do that, they need a for-profit subsidiary that can handle that assignment.
  • that can handle that assignment. ...they need a for-profit subsidiary that can handle that assignment
  • I just want to clarify that we're creating not-for-profit subsidiaries in this bill.
  • that we're creating not-for-profit subsidiaries in this bill. Is that correct?
Summary: The Committee on Education Postsecondary heard a presentation on Florida’s maritime and ocean economy from Florida Atlantic University, the College of the Florida Keys, and Star Center. Speakers emphasized the importance of maritime industries such as aquaculture, marine engineering, shipbuilding, transportation, coastal resilience, and offshore renewable energy, and described workforce programs, certifications, and partnerships designed to train students and workers for these fields. They also highlighted federal and state initiatives supporting ocean economy research and commercialization, including tech hubs and innovation programs. The committee then considered SB 312 relating to the Florida Institute of Human and Machine Cognition. Senator Gates explained that the bill would allow IHMC to create a subsidiary to commercialize research, similar to Moffitt Cancer Center. Senator Fine offered and the committee adopted a friendly amendment addressing board membership concerns tied to a University of West Florida trustee. However, after questions arose about whether the bill and analysis aligned on whether subsidiaries would be for-profit or not-for-profit, the bill was tabled. Finally, the committee took up SB 270 on the Bright Futures Scholarship Program. The bill would extend eligibility for students in certain military/public-service family situations, giving families more time to establish Florida residency after returning to the state. Senator Fine’s amendment was adopted to add AP Capstone Diploma students to the automatic Bright Futures eligibility provisions, alongside IB and Cambridge AICE students. The committee then reported the bill favorably as amended by a vote of 7-0, and adjourned.
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Feb 26th, 2026 at 09:30 am

Business and Insurance

Transcript Highlights:
  • The rates they're paying their subsidiaries, I suppose, as a result of them being vertically integrated
  • If we can't get the same amount that they've agreed to pay their subsidiaries, at least we could get
  • maybe the state of Oklahoma can mandate that if there is a fee that's assessed to a wholly-held subsidiary
  • And I think that's where it gets tricky. assessed to a wholly-held subsidiary of one of these PBMs, that
  • be able to set up systems where there's parity or equity for independent pharmacists with the subsidiaries
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 2/25/26

Taxes

Transcript Highlights:
  • Subsidiaries may represent 25% of the REIT's assets. What is a subsidiary for a REIT? >> Uh, Mr.
  • subsidiary asset test for REITs. subsidiary asset test for REITs.
  • > of<00:41:32.800> the Subsidiaries may represent 25% of the Subsidiaries may represent
  • What is a subsidiary for REIT's assets. What is a subsidiary for a<00:41:35.440> REIT?
  • a taxable REIT subsidiary that provides certain<00:41:51.200> services.
Bills: HR1, HF387
FL
Transcript Highlights:
  • BILL WOULD ALLOW THE FLORIDA INSTITUTE FOR HUMAN AND MACHINE COGNITION TO ESTABLISH A FOR-PROFIT SUBSIDIARY
  • IS MODELED AFTER A SIMILAR LANGUAGE ALLOWING THE MOFFITT CANCER CENTER TO ESTABLISH FOR PROFIT SUBSIDIARIES
  • I JUST WANT TO QUALIFY THAT WE ARE CREATING NON-FOR PROFIT SUBSIDIARIES IN THIS BILL.
  • ALLOWS THE INSTITUTES FOR HUMAN AND MACHINE COGNITION TO ESTABLISH NON-FOR PROFIT OR FOR PROFIT SUBSIDIARIES
  • IT SAYS THE BILL SPECIFIES THAT ALL SUBSIDIARIES MUST BE NOT-FOR-PROFIT. COULD YOU EXPLAIN?
Keywords: 999, senate, all
FL

Florida 2025 Regular Session

January 15, 2025 - 09:00 AM

Transcript Highlights:
  • There's, of that 16 or 17 companies on the list, a large number of them are subsidiaries of Unilever.
  • Whenever we put one company on a scrutinized companies list, all of their subsidiaries will also go on
  • they have listed securities so that we're making sure that we're not somehow, you know, buying a subsidiary
  • There's, of that 16 or 17 companies on the list, a large number of them are subsidiaries of Unilever.
  • Whenever we put one company on a scrutinized companies list, all of their subsidiaries will also go on
Summary: The Government Operations Subcommittee met with a quorum and began with member introductions and remarks from the chair emphasizing the committee’s focus on government efficiency, accountability, and oversight of executive branch agencies. Members shared their districts and backgrounds, with several noting hurricane recovery in their communities and a shared interest in reducing bureaucracy and improving service to Floridians. The committee’s only presentation was from Chris Spencer, Executive Director of the State Board of Administration, who gave an overview of the SBA’s governance structure, investment responsibilities, and divestment policies. He explained the SBA’s management of more than $257 billion in assets, including the Florida Retirement System, the Florida Hurricane Catastrophe Fund, and Florida PRIME, and reviewed the Protecting Florida’s Investments Act restrictions covering Northern Ireland, Cuba, Venezuela, Israel, Sudan, Iran, and China. He also described the implementation of HB 7071, including the required divestment from direct holdings in Chinese companies, and said the SBA had reduced its direct Chinese holdings from 33 companies totaling over $172 million to 13 companies totaling about $64 million, with completion expected ahead of the September 1, 2025 deadline. Members asked detailed questions about the Israel boycott list, Morningstar and MSCI, how the SBA gathers information, whether Cuba’s federal designation changes affect Florida law, how companies are removed from scrutinized lists, and whether divestment timing could affect returns. Spencer said the SBA uses public and paid research sources, gives companies a 90-day cure period in some cases, and brings list changes to the trustees for approval. He also explained that the China benchmark change is intended to reduce passive exposure while still allowing active investment decisions, and said the PFIA restrictions have had a modestly positive overall effect on pension performance. The chair also asked about the Florida Retirement System funded ratio and the CAT Fund’s capacity; Spencer said the pension fund is at 80.7% funded, that actuarial assumptions are reviewed regularly, and that the CAT Fund currently has more than $10.5 billion in liquid claims-paying capacity and is expected to remain well positioned for hurricane losses. No votes were taken, and the meeting adjourned after the presentation and questions.
FL
Transcript Highlights:
  • THE FLORIDA INSTITUTE FOR HUMAN AND MACHINE COGNITION AND IT REALLY ALLOWS THEM TO CREATE A VERY SUBSIDIARIES
  • APPROVED BY THE BOARD OF DIRECTORS AND IT ALSO CLARIFIES THESE SUBSIDIARIES HAVE TO BE NONPROFIT LIKE
  • AND IT CREATES, A GRANT SUBSIDIARIES AUTHORITY TO ENTER INTO AFFILIATION AGREEMENT.
  • OUTSTANDING BILL TO ALLOW THE INSTITUTE FOR HUMAN AND MACHINE COGNITION TO CONTRACT THAT THERE IS SUBSIDIARIES
Keywords: 999, senate, all
MN
Transcript Highlights:
  • , they have some sort of nexus with the United States, or if they have some sort of subsidiary in the
  • So then the subsidiary would have to have $250 million of gross domestic sales, and there would have
  • , they have some sort of nexus subsidiary, they have some sort of nexus with<00:47:23.000> the
  • in the United yeah, like subsidiary in the United States,<00:47:29.080> and<00:47:29.480>
  • to<00:47:38.760> have<00:47:39.440> $250 subsidiary would have to have $250 subsidiary
Keywords: 1183, house
MN

Minnesota 2025-2026 Regular Session

House/Senate Press Conference 3/11/26

Transcript Highlights:
  • Uh, Syngenta is a wholly owned subsidiary of the country of China.
  • Uh, Syngenta is a wholly owned subsidiary of the country of China.
  • Uh, Syngenta is a wholly owned subsidiary of the country of China.
  • Uh, Syngenta is a wholly owned subsidiary of the country of China.
  • Uh, Syngenta is a wholly owned subsidiary of the country of China.
Keywords: 919, house, all
Summary: The meeting focused on two Parkinson’s-related bills in Minnesota: one to ban paraquat and another to create a state Parkinson’s research trust fund. Rep. Christy Purcell said the research bill would create a dedicated pot of money to coordinate and fund Parkinson’s research in Minnesota, with Sen. Mann as the Senate author. Supporters said Minnesota should act because Parkinson’s is growing rapidly, there is no cure, and state institutions could serve as a research hub. Several people living with Parkinson’s testified about the personal and family impact of the disease, including early-onset diagnoses, loss of work, mobility challenges, and the burden on caregivers. Speakers from the Parkinson’s Foundation and the Michael J. Fox Foundation supported both bills, arguing that paraquat is strongly linked to Parkinson’s, that exposure can affect farmers and nearby residents, and that prevention and research are both needed. The paraquat bill was described as especially important because alternatives exist and the chemical is reportedly used very little in Minnesota. During the discussion, Rep. Hansen said the paraquat bill would be held over and not voted on that day because a fiscal note was requested. He said the committee would hear the bill later that day and urged colleagues to keep an open mind. In response to questions, supporters said they anticipated little opposition beyond chemical-industry interests, and they emphasized that the bill was aimed specifically at paraquat rather than other chemicals. The research bill was discussed as a possible $25 million request, though no vote was taken on that proposal in the transcript.
MN

Minnesota 2025 1st Special Session

House Energy Finance and Policy Committee 3/11/25

Energy Finance and Policy

Transcript Highlights:
  • It sounds like what he's getting at is whether you have an operating subsidiary and a holding company
  • So what's to prevent a holding company that has operating subsidiaries from being set up to skirt the
  • It's okay too if you— You're wondering what would prevent a company from setting up subsidiary entities
  • from being set up operating subsidiaries from being set up to<00:15:45.680> skirt<00:15:46.680
  • entities to operate a small subsidiary entities to operate a small gas<00:16:06.279> system<00
Keywords: 1183, house
TX
Transcript Highlights:
  • Is this to be limited to only subsidiaries accepting new enrollees?
  • definition into the state insurance code that defines an entity... such that all entities, all subsidiaries
  • Each subsidiary they open up—Aetna, who I have, has eight different entities in the state now.
  • That alone is a good reason to define an entity as being all subsidiaries of a company. ...company, all
  • subsidiaries of an individual, all subsidiaries of a medical holding group.
TX

Texas 89th Regular

State Affairs (Part II) Apr 24th, 2025

State Affairs

Transcript Highlights:
  • company whose investment practices affect the state's public pension investments, including any subsidiary
  • Any subsidiary or affiliate of one of those companies, as well as any officer, employee, agent, or representative
  • of one of those companies or of a subsidiary or affiliate of one of those companies, to appear before
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.
FL

Florida 2026 Regular Session

Education Postsecondary Mar 10th, 2025

Education Postsecondary

Transcript Highlights:
  • requires reporting by the board rather than the University of West Florida, and it creates, it grants subsidiaries
  • requires reporting by the board rather than the University of West Florida, and it creates, it grants subsidiaries
  • with various... ...Institute for Human and Machine Cognition to be able to contract with various subsidiaries
Summary: The Committee on Education Postsecondary heard two bills. First, it considered Senate Bill 312 relating to the Florida Institute for Human and Machine Cognition. The committee took up a strike-all amendment and then a secondary amendment offered by Senator Fine to clarify that the current University of West Florida Board of Trustees chair would have no role in the organization. Members described the changes as friendly, and both amendments were adopted. The bill, as amended, was then reported favorably by roll call vote. The committee then heard Senate Bill 1624 on higher education, which was presented as a broad higher-education package. The bill would set market-rate out-of-state fees for nonresident online students, revise financial aid and support program language, provide tuition and fee waivers for Florida State Guard members, change rules for adult and career education programs, redirect certain workforce-related funds, rename Hillsborough Community College as Hillsborough State College, rename the Florida Educational Equity Act as the Florida Educational Equality Act, adjust appointments to certain boards and councils, update admissions and scholarship references to include the classical learning test, broaden the definition of opioid antagonist, repeal a grandparent-based out-of-state fee waiver, and strengthen FIU’s Office of Ocean Economy. There was no public testimony or debate, and the bill was reported favorably by roll call vote. The meeting concluded after both measures were approved and no further business was raised.