Bill Owen — Called the committee to order and presided as chair.
Bill Owen — The chair is directing the next phase of testimony and asking speakers to identify themselves.
Bill Owen — Addressed as Mr. Chair while the Treasurer was invited to proceed.
Bill Owen — Addressed as Mr. Chair.
Bill Owen — Recognizes Representative Clemens and manages the questioning.
Bill Owen — Recognizes the next questioner and manages the discussion.
Bill Owen — The Chair is addressed as Mr. Chair.
Bill Owen — Representative Owen is identified as the sponsor of House Bill 2636.
Bill Owen — Introduces and explains House Bill 2636.
Bill Owen — Ends his presentation and invites questions from the committee.
Bill Owen — The chair is thanked for filing the bill.
Bill Owen — Praised for filing and explaining the bill.
Bill Owen — Referenced as having explained the bill's intent and concept.
Bill Owen — Identified as the sponsor of House Bill 2116.
Bill Owen — Bill Owen is referenced repeatedly during a single exchange as the member being addressed and the sponsor/committee member to whom questions are directed.
Philip Oehlerking — Vice Chair Philip Oehlerking was present for roll call and subsequently voted aye on HB 2423 and HB 2473 during the committee proceedings.
Philip Oehlerking — The chair turns the committee over to the vice chair.
Marty Joe Murray — Responded present during roll call.
Marty Joe Murray — Voted yes on HB 2423.
Marty Joe Murray — Voted yes on HB 2473.
Marty Joe Murray — Voted yes on HB 2473.
Marty Joe Murray — Thanked as ranking member.
Marty Joe Murray — Representative Murray is recognized and thanks the sponsor before asking about the language referring to other reasonable and prudent financial investments, continuing a brief follow-up on the resolution’s wording.
Marty Joe Murray — Representative Marty Joe Murray was called on and then questioned the witness about the Missouri MOST plan, asking whether greater in-state participation and investment could improve returns and whether higher volume in the plan might lead to better yields compared with other options.
Hardy Billington — Hardy Billington responded during roll call and cast aye votes on HB 2423 and HB 2473.
Hardy Billington — Representative Hardy Billington is called on and then speaks in support of the bill, noting that he co-sponsored it and believes it could help save lives by reducing drug-related harm.
Hardy Billington — Hardy Billington questioned whether the bill is necessary if entities already keep records for tax purposes, then pressed the witness on whether the bill is unconstitutional or contrary to civil liberties, whether confirming a sender’s legal status is permissible, and whether banking institutions are appropriately storing sensitive data.
Hardy Billington — Representative Billington was called on to ask questions and then asked about how much money the bill would save, referencing the fiscal note.
David Casteel — David Casteel was called during roll call and again during subsequent roll call votes on HB 2423 and HB 2473.
David Casteel — Representative Keithley is invited to present next after the hearing on House Joint Resolution 159 closes.
David Casteel — Representative David Casteel is called on to inquire about the bill and asks whether it applies only to illegal immigrants, specifically confirming that lawful H-2B workers would not be affected when sending money home through services like Western Union or wire transfer. The discussion then turns to examples of sending money abroad and Casteel adds, from personal experience, that many transfer services already require accounts and verification.
David Casteel — The speaker thanks Representative Casteel for bringing the bill forward.
David Casteel — Asked about I-9 forms and E-Verify as an analogy for verifying immigration status.
David Casteel — Asks the witness to repeat the point about American citizens needing to prove citizenship.
David Casteel — Representative Casteel was called on to ask a question and raised concerns that limiting out-of-state options could reduce returns for families saving for education.
David Casteel — Asks Jesse Hill to explain what an advisor does for a client in an Edward Jones 529 account.
David Casteel — Representative Castile comments that post-COVID costs make it harder for families to commit to the plan and suggests public service announcements.
Doug Clemens — Responded present during roll call.
Doug Clemens — Voted aye on HB 2423.
Doug Clemens — Recorded as aye on HB 2423.
Doug Clemens — Voted aye on HB 2473.
Doug Clemens — Representative Clemens briefly comments that the proposal is similar to institutional investment policies and asks about the seven-year limit.
Doug Clemens — Representative Clemens questions the Treasurer about the bill and Missouri’s investment returns, noting that the state’s rate of return is only a little over 3% compared with higher returns in other states such as Kentucky. He adds that, as a member of the pensions committee, he closely follows markets and investment performance, implying Missouri could have done better for taxpayers if the proposal had been adopted earlier. The exchange concludes with a brief acknowledgment and continuation of the inquiry.
Doug Clemens — Asks presenters to limit remarks to five minutes and opens questions on the bill.
Doug Clemens — The chair recognizes Representative Doug Clemens, who then asks where the idea originated, whether Missouri has a significant problem with the issue, and how the process works.
Doug Clemens — Representative Clemens is called on to proceed and then asks about the law’s intent, specifically whether it was meant to help working families save for college.
Jeff Hales — Jeff Hales was present during roll call, was later called during the HB 2423 vote, and ultimately voted aye on HB 2473.
Jeff Hales — Begins questioning the Treasurer about guardrails for reasonable and prudent financial instruments.
Stephanie Hein — Stephanie Hein was called during roll call and later recorded as voting aye on HB 2423 and HB 2473, with the transcript misrendering her name in each instance.
Stephanie Hein — Called on to ask a question; the transcript appears to say 'Representative Heman/Hein.'