Transcript Highlights:

• half of tariff churn and confusion.
• half of tariff churn and confusion.
• We oppose the tariff bill.
• So, you know, the most famous tariff that you hear about is the chicken tax, the chicken tariff, which
• So there's certain levels of tariffs there.

Bills: H5036 , H5138

Committee: Joint Joint Committee on Consumer Protection and Professional Licensure

Keywords: tariff transparency, consumer disclosure, price transparency, vehicle pricing, Monroney label, auto dealer, car manufacturer, retail pricing, shelf tag, receipt disclosure, online storefront, import duties, trade taxes, Chapter 93A, Attorney General enforcement, consumer protection, federal preemption, customs, supply chain costs, tariff surcharge

Transcript Highlights:

• AGOA is more than just about tariffs and duty-free access to markets.
• With over 17,000 tariff lines and complex supply chains, trade is a detailed and dynamic system which
• With over 17,000 tariff<05:22:12.400><c> lines</c><05:22:12.718><c> and</c><05:22:13.040><c> complex<
• His tariffs have hurt Detroit's auto industry. Mr.
• Detroit's</c><07:42:14.638><c> auto</c> His tariffs have hurt Detroit's auto His tariffs have hurt Detroit's

Bills: HB6504 , HB6500 , HB2683 , SB269 , HB6732 , HB6715 , HB6719 , SB3424 , HR909

Keywords: Haiti, duty-free imports, economic recovery, trade, Caribbean Basin, tariff, apparel, remote access, national security, export controls, cloud computing, foreign policy, international relations, improper payments, deceased, social security, federal coordination, state agencies, coercion, minors

Transcript Highlights:

• Representative Igo, is it Trump's tariffs? Uh, sorry. Wait, did someone write that down?
• Representative Igo, is it Trump's tariffs? Uh, sorry. Wait, did someone write that down?
• 38.560><c> Trump's</c> Representative Igoe, is Is it Trump's Representative Igoe, is Is it Trump's tariffs
• </c> tariffs? Uh sorry. tariffs? Uh sorry.

Bills: HF4308 , HF4153 , HF4703 , HF4711

Committee: House Energy Finance and Policy

Keywords: HF4308, Monticello nuclear plant, Prairie Island, renewable development account, RDA, nuclear waste, spent fuel, dry cask storage, utility tax, commercial-industrial property tax, state general levy, property tax exemption, residential heating fuels, natural gas tax exemption, electricity sales tax exemption, year-round sales tax exemption, distributed solar energy standard, solar mandate, community solar, grid modernization

Transcript Highlights:

• It also creates a requirement that the PSC develop minimum large load tariff requirements for public
• Specifically, the bill makes the prohibition part of the large load customer tariff requirements to be
• and pending tariffs, and so those are a few of the things that we'd like...
• and pending tariffs, and so those are a few of the things that we'd like.
• Some issues with already approved tariffs and pending tariffs, and so those are a few of the things that

Bills: S0484 , S0698 , S0706 , S0968 , S1118 , S1122 , S1134 , S1320 , S1342 , S1548 , S1614

Committee: Senate Community Affairs

Keywords: data centers, large load customer, large-scale data center, electric utility, public utility tariff, Florida Public Service Commission, FPSC, water permit, consumptive use permit, reclaimed water, groundwater, surface water, water management district, DEP, OPPAGA, economic development, land use, comprehensive plan, zoning, ratepayer protection

Summary: The committee first postponed SB 1122, then took up SB 1342 on transportation infrastructure and land development regulations. Senator Rouson explained the bill as a housing-affordability measure modeled on the Live Local Act, aimed at reducing local land-use barriers near transit corridors. The committee adopted an amendment removing the compelling governmental interest standard from enforcement and litigation provisions, then approved the bill. Testimony included support from a county commissioner and concerns from the Florida League of Cities and a Republican executive committee about overriding local zoning and creating rigid standards near transit stops. Members then heard SB 1614, which would let local governments use excess Florida Building Code enforcement funds for stormwater repairs and restrict eligibility for certain state appropriations if a government has been audited or fails to affirm it has no excess funds. An amendment removed the stormwater and code-enforcement building provisions and tightened the appropriations restrictions; the bill was reported favorably. The committee also approved SB 1548, the next iteration of the Live Local Act, expanding qualifying projects on public land and near airports, limiting setback-based height restrictions, clarifying agricultural-use issues, and strengthening fair-housing protections. SB 968 on home backup power systems was also reported favorably, with the sponsor noting he was still working on amendments regarding permits for generators, windows, and doors. The committee next approved SB 698, allowing building permits for single-family homes to be issued after septic permit application rather than waiting for septic approval, with builders and industry representatives citing long delays and lost contracts. SB 1320, requiring county tax-referendum ballot questions to include a Department of Financial Services spending analysis if available, also passed after debate over whether it duplicated existing audit transparency requirements. SB 484 on large-scale data centers was reported favorably after an amendment added a knowledge requirement to the prohibition on service to certain foreign-country-linked customers; testimony focused on electricity costs, water use, NDAs, and ratepayer protections. SB 1118, creating a one-year public-records exemption for data-center site plans and proprietary information, was also approved despite concerns about secrecy and local officials appearing to conceal development plans. Finally, the committee took up SB 706, which preempts naming of major commercial service airports to the state and would rename Palm Beach International Airport as Donald J. Trump International Airport subject to federal and trademark approval; it was reported favorably after questions from members about local input. The last major item was SB 1134 on official actions of local government related to DEI, which drew extensive questioning and public testimony. The sponsor said the bill would bar counties and municipalities from funding, promoting, or staffing DEI offices or programs, with violations treated as misfeasance or malfeasance and enforceable by resident lawsuits; supporters framed it as a merit-based, anti-bureaucracy measure, while opponents argued it was vague, overbroad, and would chill civil-rights, health, education, and cultural programming. The transcript ends during public testimony on SB 1134, before any final action on that bill is shown.

Transcript Highlights:

• It ensures utilities and ratepayers are protected when utilities follow PSC-approved tariffs while preserving
• also reinforces that utilities should not serve as the only financial backstop when they implement tariffs

Bills: S0092 , S0110 , S0192 , S0212 , S0260 , S0350 , S0394 , S0422 , S0434 , S0442 , S0484 , S0546 , S0556 , S0684 , S0696 , S0706 , S0748 , S0786 , S0820 , S0824 , S0838 , S0840 , S0848 , S0856 , S0962 , S1000 , S1014 , S1036 , S1050 , S1054 , S1080 , S1118 , S1134 , S1338 , S1480 , S1500 , S1506 , S1622 , S1724

Committee: Senate Rules

Keywords: employee protections, whistleblower, retaliation, public trust, ethics complaint, Commission on Ethics, Public Employees Relations Commission, public employee, local government attorney, public officer, adverse personnel action, protected disclosure, whistleblower retaliation, state agency, independent contractor, public employment, civil service, reinstatement, back pay, front pay

Transcript Highlights:

• The tariffs are coming.
• We only charge a 2.5% tariff on ethanol, but Brazil charges us an 18% tariff.
• tariff rate.
• deals to reduce tariffs and non-tariff barriers?
• non-tariff barriers.

Committee: Senate Finance Committee

Keywords: tariffs, Trump administration, economy, public testimony, trade policy, market access, export controls

Summary: The meeting focused on various significant topics concerning the recent tariff policies and their wide-ranging implications on the American economy. Members expressed their concerns regarding the negative impact of increased tariffs as proposed by the Trump administration, with specific emphasis on how families might suffer from higher costs and market access issues. The discussion was lively, with members questioning the clarity of the tariff plan and raising concerns about its potential effects on small businesses and American exports.

Transcript Highlights:

• The tariffs that were put on cost us an unbelievable retaliatory tariff in India.
• Even a 10% across-the-board tariff would raise about $310 billion in tariff revenue.
• Sometimes that means imposing tariffs. We say trade enforcement. That means tariffs.
• I'm not against tariffs.
• Tariffs.

Committee: Senate Finance Committee

Transcript Highlights:

• They've also blocked our bills to end the tariffs on Canada and the so-called Liberation Day tariffs.
• They've also blocked our bills to end the tariffs on Canada and the so-called Liberation Day tariffs.
• They've also blocked our bills to end the tariffs on Canada and the so-called Liberation Day tariffs.
• They've also blocked our bills to end the tariffs on Canada and the so-called Liberation Day tariffs.
• They've also blocked our bills to end the tariffs on Canada and the so-called Liberation Day tariffs.

Bills: HCR74 , HJR72 , HR1042 , HR1048

Keywords: joint session, Congress, communication, President, HCR74, national emergency, government authority, Executive Order, legislative action, rule, special rule, House resolution, floor procedure, procedural resolution, firearms, gun laws, less-than-lethal weapons, weapons technology, National Marine Sanctuaries Act, undersea fiber optic cables

Transcript Highlights:

• Chung, one of the tariffs were as high as 145 percent.
• A third is that it's often said that tariffs are applied in order to reduce unfairness, that tariffs
• A fifth is to use tariffs as a tool to open markets.
• But even those tariffs were very costly to U.S. firms.
• What do you see the impacts of the tariffs having long term?

Summary: The Assembly Select Committee on Asia, California, Trade and Investment held its first informational hearing to examine California’s economic ties with Asia, the effects of federal tariffs, and ways the state can strengthen trade, investment, tourism, and subnational diplomacy. Chair Jessica Caloza opened by emphasizing California’s role as the world’s fourth-largest economy and a major exporter to Asia, and several members and guests highlighted the importance of AAPI communities, sister-city relationships, and coordinated state outreach. Lieutenant Governor Eleni Kounalakis described California’s trade missions, APEC hosting, and ongoing climate and trade partnerships, while Japan’s deputy consul general underscored Japan’s role as a major investor and trading partner and encouraged continued engagement. The first panel, featuring leaders from the Los Angeles County Economic Development Corporation/World Trade Center Los Angeles, the San Francisco Chamber of Commerce, and Visit California, focused on trade, tourism, and investment trends. Witnesses said tariffs and federal uncertainty are disrupting logistics, manufacturing, business travel, higher education, and tourism, with particular concern about port activity, international student declines, and reduced visitation from Asia. They urged California to remain “open for business,” invest in promotion and infrastructure, and use trade missions, MOUs, and sister-city ties to maintain relationships and attract investment. The second panel, with economist Kyle Handley and trade expert Glenn Fukushima, focused on the mechanics and consequences of tariffs. Both said tariffs function as taxes on importers and consumers, raise costs for businesses, and create uncertainty that delays investment, hiring, and supply-chain decisions. They warned that California is especially exposed because of its ports, cross-border trade, and reliance on global supply chains, and said new federal vessel fees and shifting trade routes could divert commerce away from California. They argued that the long-term damage includes lost growth and reduced U.S. credibility, and recommended that California “tariff-proof” its economy through faster ports, better infrastructure, export assistance, and reduced permitting barriers. In the final panel, representatives from the San Diego Regional Chamber of Commerce, Asian Business Association California, and the Small Business Development Center emphasized future opportunities and the needs of small businesses. They said California should deepen ties with Asia through conventions, tourism, and sector-specific partnerships in life sciences, clean tech, semiconductors, hospitality, and small business trade. The witnesses stressed that small and minority-owned businesses need more access to trade missions, capital, technical assistance, and state support, and that California’s economic strength depends on coordinated efforts across regions and industries.

Transcript Highlights:

• costs or tariff taxes just in the first six months of this year.
• Chung, one of the tariffs was as high as 145 percent.
• A third is that it's often said that tariffs are applied in order to reduce unfairness, that tariffs
• A lot of those things will be permanent, and it doesn't matter if tariffs go up or tariffs go down.
• What do you see the impacts of the tariffs having long term?

Summary: The Assembly Select Committee on Asia, California, Trade and Investment held its first informational hearing to examine California’s trade, tourism, and investment ties with Asia and the effects of federal tariffs. Chair Jessica Caloza opened by emphasizing California’s role as the world’s fourth-largest economy and a major exporter to Asia, and several members and guests highlighted the importance of subnational diplomacy, sister-city relationships, and coordinated trade missions. Lieutenant Governor Eleni Kounalakis described California’s long-standing engagement with Asian partners, citing trade missions, the 2023 APEC summit in California, and the state’s large Asian American and Pacific Islander population as reasons to deepen these relationships. The first panel focused on trade, tourism, and foreign investment. Leaders from the Los Angeles County Economic Development Corporation, the San Francisco Chamber of Commerce, and Visit California said California’s economy depends heavily on Asia-linked trade, tourism, and direct investment. They warned that federal tariffs and related policy uncertainty are disrupting ports, logistics, manufacturing, education, and travel, with impacts on longshore work, shipping volumes, international students, and visitor spending. Visit California reported a decline in 2025 visitation, especially from Asia and Canada, and urged stronger promotion, partnerships, and state-level support to maintain California’s global brand. The second panel examined tariff impacts in more detail. Glenn Fukushima and Dr. Kyle Handley said tariffs function as taxes on imports, raising costs for businesses and consumers and discouraging investment when policy changes are frequent and unpredictable. They argued California is especially exposed because of its ports, supply chains, and cross-border trade with Asia and Mexico, and warned that new vessel fees and rerouted freight could further harm California shippers. Both said tariffs are unlikely to achieve clear strategic goals quickly and may damage U.S. credibility and long-term trade relationships, while recommending that California focus on making itself more competitive through infrastructure, permitting reform, export assistance, and other measures within state control. The final panel turned to future opportunities and the role of small businesses. Speakers from the San Diego Regional Chamber of Commerce, the Asian Business Association California, and the Small Business Development Center network stressed that small and minority-owned firms often feel trade disruptions first and need more access to trade missions, capital, technical assistance, and large events that generate business spillover. They said California should continue investing in ports, business support systems, and international partnerships so that trade and tourism gains reach businesses across the state.

Transcript Highlights:

• argue about tariffs, the argument comes up of reciprocity and reciprocal tariffs.
• When the U.S. had a 2% tariff on China, China had a 35% tariff on us.
• argue about tariffs, the argument comes up of reciprocity and reciprocal tariffs.
• Reciprocal tariffs is something that has been missing. I do not like tariffs.
• Reciprocal tariffs is something that has been missing. I do not like tariffs.

Summary: The Assembly convened after a delayed quorum call, then moved through routine procedural actions, including unanimous-consent requests on guest seating and committee referrals. A motion by Assembly Member DeMaio to withdraw AB 2624 from committee failed on a roll call vote, 14-44. The chamber also heard multiple guest introductions and held an Armenian Genocide Remembrance ceremony with a prayer, pledge, and moment of silence. The main floor action centered on H.R. 97, commemorating the 111th anniversary of the Armenian Genocide. Assembly Member Schultz and numerous colleagues spoke in support, emphasizing historical recognition, solidarity with Armenian Californians, and opposition to denial. The resolution was adopted by voice vote after 66 co-authors were added. Later, H.R. 99 recognizing California Agriculture Day also drew extensive support from members highlighting the state’s agricultural economy, farmworkers, and the need for continued investment in agriculture; it was adopted by voice vote after 65 co-authors were added. Several bills were also considered and passed: AB 1838 on contractor wage-and-hour disclosure for public works bids, AB 1562 authorizing counties to randomly select poll workers, AB 2297 standardizing restitution rules in diversion programs, AB 1659 improving school re-enrollment support for justice-impacted youth, AB 1974 creating an optional temporary firearm storage program for law enforcement, AB 2402 updating health studio fee rules, and AB 1607 extending the Maddy Emergency Medical Services Fund. AB 1607 drew sharp opposition over fee funding and broader policy concerns, but passed 66-1. The Assembly also adopted ACR 129 establishing a sister-state relationship with Lagos State, Nigeria, and considered a Senate joint resolution on tariffs, with members split over whether tariffs or state policies were the main driver of higher costs; the transcript ends during debate on that resolution.

Transcript Highlights:

• And meanwhile, what do tariffs do and what does tariff policy do?
• argue about tariffs, the argument comes up of reciprocity and reciprocal tariffs.
• When the U.S. had a 2% tariff on China, China had a 35% tariff on us.
• Reciprocal tariffs is something that has been missing. I do not like tariffs.
• Reciprocal tariffs is something that has been missing. I do not like tariffs.

Transcript Highlights:

• [clears throat] Um, tariffs are a good thing. I mean, what's going Tariffs are a good thing.
• So to be clear how tariffs work, the importer of record pays a tariff, not the other country.
• </c> praying that the tariffs would drop. praying that the tariffs would drop.
• </c><01:13:41.280><c> It</c> tariff rate changed five times. It tariff rate changed five times.
• ,</c><01:50:29.920><c> but</c><01:50:30.159><c> tariffs</c> to blame it just on tariffs, but tariffs

Transcript Highlights:

• the likely impact of tariffs on Washington State revenue and growth, estimate the likely impact of tariffs
• Given the volatility in the U.S. tariff announcement, we had to lock in the tariff rates.
• of alternative tariff rates.
• Therefore, the impact of tariffs on the Therefore, the impact of tariffs on the Washington State economy
• I will be covering impacts of tariffs, both import, I will be covering impacts of tariffs, both import

Committee: House Technology, Economic Development, & Veterans

Summary: The committee held a work session focused on the effects of tariffs on Washington’s economy and agriculture. An OFM economist said tariffs are raising prices, reducing output and jobs, and lowering state revenue, with the most affected sectors including aerospace, food and beverage manufacturing, and agriculture. Members asked about newer trade deals, crop-specific impacts, inflation versus some deflationary effects in fuel, and whether the net employment effect was negative; the witness said retaliation by other countries largely eliminates any tariff benefits and that updated analysis would be needed as tariff rates change. Washington Department of Agriculture staff then described how import tariffs raise costs for farm inputs such as equipment, parts, packaging, and fertilizer, while export retaliation has hurt key markets, especially China and, in some sectors, Canada. They said Washington agriculture is highly export-dependent, with major exports including wheat, potatoes, apples, cherries, dairy, and wine, and noted that some growers support tariffs on competing imports because they see them as leveling the playing field. Commerce officials followed with an overview of small business export assistance, financing, business recruitment, and industry-sector support, emphasizing the importance of federal STEP funding, foreign consulting networks, and state efforts to attract investment and help businesses adapt to tariff pressures. The committee then heard a series of emergency management updates. The Military Department described 2025 disaster response, including the denied bomb cyclone disaster declaration, wildfire activity, and concerns that FEMA is shifting more responsibility and cost to states and locals, with possible reductions or restructuring of preparedness, mitigation, and disaster grants. Members discussed the need for a funded state disaster assistance framework, mitigation priorities such as unreinforced masonry and tsunami shelters, and language-access support. A cybersecurity briefing followed, outlining the state’s advisory committee, grant program, and plans for a volunteer cyber incident response team, with concerns about the loss of MS-ISAC funding and the need to preserve state matching funds. Finally, emergency management staff reviewed disaster resilience and tsunami preparedness, saying federal support is becoming less reliable while state programs face budget pressure. They highlighted mitigation grants, outreach, and planning work, including tsunami vertical evacuation structures and coastal evacuation mapping, and said Washington’s tsunami program depends heavily on NOAA and FEMA funding. The session concluded with a detailed update on World Cup and counter-drone planning, including federal security grants, fan zones, base camps, and the need for authority to mitigate unmanned aerial systems; members asked how local jurisdictions would participate and what mitigation tools might be used. No formal votes or legislative actions were taken.

Transcript Highlights:

• Early May, dropped those tariffs for 30% and um. China lowered their tariffs from 30% to 10%.
• So those are the 10% tariffs on all countries, the tariffs on China, the 145 or now 30% tariffs on China
• Red is our tariff situate or scenario, so if tariffs do remain in place, blue is the pre-tariff, so this
• With the tariff under the no tariff situation we returned back more or less to the pre-tariff scenario
• no tariff and tariff scenarios.

Transcript Highlights:

• the likely impact of tariffs on Washington State revenue and growth, estimate the likely impact of tariffs
• Given the volatility in U.S. tariff announcements, we had to lock in the tariff rates.
• of alternative tariff rates.
• I will be covering impacts of tariffs, both import, I will be covering the impacts of tariffs, both import
• As a result of some of these previous administration tariffs and retaliatory tariffs, China has decreased

Summary: The committee held a work session focused on the effects of tariffs on Washington’s economy, agriculture, and small businesses, followed by updates on emergency management, cybersecurity, disaster resilience, tsunami preparedness, and World Cup security planning. Office of Financial Management economist Abdelamintrawe Trieri said tariff increases are expected to raise prices, reduce output and employment, and lower state revenue over a four-year horizon, with the hardest-hit sectors including aerospace, food and beverage manufacturing, and agriculture. Members asked about updated tariff scenarios, crop-specific impacts, inflation versus deflation in different goods, and whether some manufacturing sectors could benefit; staff said updated numbers would need to be rerun as tariff rates changed. Washington Department of Agriculture representative Ryan Hamm described how tariffs raise costs for farm inputs such as equipment, parts, packaging, and fertilizer, while also affecting exports of key commodities like wheat, potatoes, apples, cherries, dairy, and wine. He said some sectors support tariffs on competing imports, but retaliation and market restrictions have hurt exports, especially to China and, in the wine sector, Canada. Department of Commerce representative Andrea Chartock outlined export assistance, business finance, recruitment, and industry-sector development programs, and proposed expanding tariff-resilience support through market diversification, supply-chain optimization, and efforts to attract investment and federal funding. She also noted uncertainty around delayed federal STEP funding for small business export assistance. Emergency Management Division Director Robert Ezell warned that federal disaster and mitigation funding is becoming less reliable, citing the denied bomb cyclone disaster declaration, delays in FEMA grant processing, and possible restructuring of FEMA that could shift more responsibility to states. He said Washington may need stronger state-funded public assistance, individual assistance, and mitigation programs, along with broader coordination among state agencies and local governments. Cybersecurity staff described state efforts to support local governments through the Cybersecurity Advisory Committee, threat intelligence sharing, vulnerability assessments, and a proposed volunteer incident response team, while noting the loss of MS-ISAC funding and the importance of continued state matching funds for cybersecurity grants. Hazard mitigation and tsunami staff emphasized the need for sustained investment in flood, wildfire, earthquake, lahar, and tsunami resilience, including vertical evacuation structures and language-access outreach. Ezell also briefed the committee on World Cup security preparations and federal grants for counter-unmanned aircraft systems, explaining that the state can buy mitigation capabilities but current authority to use them remains largely federal; the committee asked follow-up questions about fan zones, training, and the meaning of drone mitigation. No votes were taken, and the meeting ended with adjournment after the presentations and questions.

Transcript Highlights:

• So people have been talking about reciprocal tariffs or universal tariffs.
• So people have been talking about reciprocal tariffs or universal tariffs.
• These would be across much. about reciprocal tariffs or universal tariffs.
• , so tariffs that would hit goods in roughly the same amount as the amount of Tariffs that would hit
• The tariffs are a real big problem. Absolutely.

Summary: The committee held an information hearing on California’s economy and household affordability, with the first panel focusing on inflation, housing, energy, wages, and the likely effects of new federal tariff policy. PPIC’s Sarah Bone said Californians remain deeply pessimistic about the economy, with inflation the main driver of concern; she noted prices are still about 23% higher than in January 2020, with especially large increases in food, energy, and housing costs. LAO’s Brian Euler emphasized that housing is the largest household expense and pointed to insurance, electricity, gasoline, and health care as other major cost pressures, urging the Legislature to review whether existing policies are actually reducing costs and to consider studies of why recent housing laws have not produced more units. UC Davis economist Catherine Russ warned that tariffs on China, Canada, Mexico, and potentially broader imports could raise consumer prices, disrupt supply chains, and hurt California exporters, farmers, and small businesses; she suggested monitoring prices, strengthening food assistance, and preparing transition support for affected workers and producers. Members pressed the panelists for concrete, near-term policy ideas, especially on housing and tariffs. Questions centered on whether accessory dwelling units are making a meaningful dent in affordability, how to improve implementation of pro-housing laws at the local level, and how to measure the impact of tariffs on consumers, health care, and agriculture. Panelists said ADUs help but are limited, that state laws can be undermined by local implementation and litigation, and that tariff effects may show up quickly in prices and later in hiring and investment. Several members stressed that the tariff issue is not a minor disruption for constituents and asked for more data on consumer impacts, food aid needs, and crop-specific farm losses. The second panel shifted to regional economic development and small business support. Go-Biz’s Derek Kirk described California Jobs First and the state economic blueprint as a first-in-decades, regionally informed strategy to create good-paying jobs, support key sectors, and align workforce and business development across 13 regions. The California Association for Local Economic Development’s Gerbach Sahota argued that local governments need practical tools, stable policy, and stronger partnerships with the state, while warning that prosperity is not always perceived as shared and that rural communities can be left behind. He urged the Legislature to use hearings, local input, and existing funding streams more effectively, including for recovery and infrastructure. David Fitzgerald of the Small Business Development Centers said California’s SBDC network serves hundreds of thousands of clients, many of them women and historically underrepresented entrepreneurs, and has generated billions in economic impact, capital access, revenue, and jobs. He said the biggest gaps are outreach to the state’s many self-employed businesses with no employees, better labor data on those workers, and more flexible support for direct services. Committee members then asked what small businesses need most in the face of inflation and tariff shocks, including lower licensing costs and other relief, and the discussion continued on how to better target state support to businesses and households under pressure.

Transcript Highlights:

• Talk a lot about tariffs today. You know I want to talk a little about tariffs as well.
• We're talking about these tariffs again and why is it... you mentioned this, but drill into why the tariffs
• It's not surviving through the tariffs.
• We had tariffs as well, and they decided to rebalance it because the tariffs were being paid for by the
• that was written that was anti tariff.

Committee: Senate Small Business and Entrepreneurship Committee

Keywords: joint hearing, small business, Tax Cuts and Jobs Act, economic recovery, tax relief, job creation

Summary: In this joint hearing of the House Committee on Small Business and the Senate Committee on Small Business and Entrepreneurship, the primary focus was on the importance of making the Tax Cuts and Jobs Act of 2017 (TCJA) permanent. The chair emphasized that small businesses are crucial for the nation's economic recovery, especially in the wake of current federal policies perceived as detrimental. Witnesses shared their experiences and highlighted how the tax cuts facilitated job creation and business expansion, stressing the need for continued support through ongoing tax relief measures. The meeting included discussions about the economic implications of the TCJA's potential expiration, with members voicing their concerns regarding how this could impact small businesses and the broader economy.

Transcript Highlights:

• on imports from China, a 25% tariff on Canada and Mexico, a 10% global tariff, and additional tariffs
• from China, a 25% tariff on Canada and Mexico, a 10% global tariff. tariffs on aluminum, steel and cars
• And I'm not a big fan of tariffs.
• clarity as to what tariffs were and what the duration of those tariffs would be.
• They want to go to zero tariffs.

Committee: Senate Finance Committee

Keywords: Commerce, International Trade, Tax Policy, Nominees, Inflation, Middle-class, Trade Practices, Economic Concerns

Summary: The committee convened to discuss various bills and nominees, including the critical nominations of William Kimmett for Undersecretary of Commerce for International Trade and Ken Keyes for Assistant Secretary for Tax Policy at the Treasury Department. Discussions highlighted the nominees' roles in managing critical trade and tax policies amidst rising economic concerns, particularly focusing on inflation and its impact on American families. Members expressed both support and skepticism, emphasizing the significance of fostering fair trade practices and ensuring tax policies that benefit the middle-class amidst claims of an agenda favoring affluent individuals and corporations.

Transcript Highlights:

• </c> uh as a result of these tariff uh as a result of these tariff announcements<00:15:26.480><c> on<
• We would engage and partner tariffs.
• If every member of our tariffs.
• And so the tariff piece is workers.
• Tariffs. Um, back to the UI, sorry.