Video & Transcript DataContr Research : 'local law'
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TX
Texas 2025 - 89th Regular
Health and Human Services (Part II) Feb 26th, 2025
Transcript Highlights:
Later, I looked at the ingredients on a cake at a local
- actually have seen some really valuable benefits to the communities to the point that we're trying to get local
- and fresh produce into places where people are going, maybe to your local food banks.
Summary:
The committee convened to discuss SB25, receiving public testimonies from various stakeholders. Significant discussions centered around the implications of the bill, with multiple witnesses voicing their support and concerns. The atmosphere was engaging, with committee members actively questioning the witnesses to clarify their positions and gain deeper insights into the potential impact of the legislation. Chairman's leadership facilitated a structured dialogue that allowed for both support and opposition viewpoints to be expressed.
US
Us Congress 2025-2026 Regular Session
Joint hearings with the House Select Committee on the Strategic Competition to examine financial aggression, focusing on how the Chinese Communist Party exploits American retirees and undermines national security. Apr 9th, 2025 at 01:30 pm
Senate Aging (Special) Committee
Transcript Highlights:
- marker="117" data-time="1392">In 2020, the Holding Foreign Companies Accountable Act was signed into law
- This law was amended in 2020 to reduce the consecutive years of noncompliance from three years to two
- " data-time="1416">But unfortunately, under the last administration, the SEC failed to enforce this law
- China, Alibaba, and Baidu are still listed on American exchanges in clear violation of U.S. law.
- with Chairman Mollenaar, Ranking Member Gillibrand, and Ranking Member Krishnamoorthy to make sure laws
Keywords:
Chinese Communist Party, retirement security, investment risks, SEC enforcement, Bipartisan action
Summary:
The meeting primarily addressed concerns regarding the impact of the Chinese Communist Party (CCP) on American investments and the financial security of retirees. The chair discussed legislation aimed at ensuring the protection of American investors against the risks posed by Chinese companies. There was a consensus among the members regarding the necessity to enforce existing policies that require compliance from foreign companies wishing to trade on American exchanges. The discussion included testimony from various stakeholders highlighting the urgent need to limit exposure to the CCP in retirement portfolios. Additionally, there were calls for increased accountability of regulatory bodies such as the SEC to better shield American investors from potential loss.
US
Us Congress 2025-2026 Regular Session
Business meeting to consider S.558, to provide for the consideration of a definition of antisemitism set forth by the International Holocaust Remembrance Alliance for the enforcement of Federal antidiscrimination laws concerning education programs or Apr 30th, 2025 at 09:00 am
Senate Health, Education, Labor, and Pensions Committee
Transcript Highlights:
- Even if you are making this application related to the law, no matter what, the decision to elevate or
- not to use laws to chill or stop it.
- But Trump has decided yet again that his administration is above the law.
- His disregard for the rule of law is dangerous.
- discrimination laws.
Keywords:
civil rights, higher education, discrimination, complaints, awareness campaign, antisemitism, discrimination, education, Civil Rights Act, IHRA definition, federal enforcement, Jewish community, anti-discrimination laws, Anti-Semitism Awareness Act, Protecting Students on Campus Act, First Amendment, Senator Tim Scott, free speech, college campuses, civil rights
Summary:
The committee meeting primarily focused on reviewing two significant bills: S558, the Anti-Semitism Awareness Act of 2025, and S163, the Protecting Students on Campus Act. Senator Tim Scott introduced S558, emphasizing its importance in combatting anti-Jewish violence and harassment, and providing the Department of Education with necessary tools to investigate incidents of anti-Semitism on college campuses. The bill sparked a vigorous debate among members who expressed concerns over potential implications for free speech, particularly regarding its definitions of anti-Semitism, and whether it would infringe upon First Amendment rights.
TX
Texas 2025 - 89th Regular
Senate SessionOpening Day of the 89th Legislature Jan 14th, 2025
Texas Senate Floor Meeting
Transcript Highlights:
- the wisdom of Solomon as legislators navigate the political journey and decisions needed to produce laws
- Texas and will, to the best of my ability, preserve, protect, and defend the Constitution and the laws
- : Of Texas and will, to the best of my ability, preserve, protect, and defend the Constitution and laws
- data-time="930">The reality is there is a failure across this state to follow the Constitution and laws
- >
And there are reasons for it that are embedded into the laws
Bills:
SCR7
Keywords:
legislature, adjournment, permissions, Texas Constitution, session, legislature, adjournment, Texas Constitution, session, legislative authority, Senate Bill 1760, tax relief, Senator Creighton, Governor Abbott, budget surplus, leadership nominations, Texas governance, public testimony
Summary:
The meeting of the Senate Committee was marked by a robust discussion focused on Senate Bill 1760, which centered around crucial tax relief measures. Senator Creighton, the sponsor of the bill, passionately shared his experiences and the importance of tax cuts for the constituents of Texas, emphasizing the need for fiscal responsibility and community support. The Senate also witnessed nominations for key leadership positions, setting forth a collaborative tone for the upcoming session. Governor Abbott's address highlighted the importance of unity and effective governance amidst the challenges ahead, including managing the state's substantial budget surplus.
US
Us Congress 2025-2026 Regular Session
Hearings to examine the nominations of Dean Sauer, of Missouri, to be Solicitor General of the United States, and Harmeet Dhillon, of California, and Aaron Reitz, of Texas, both to be an Assistant Attorney General, all of the Department of Justice. Feb 26th, 2025 at 09:15 am
Senate Judiciary Committee
Transcript Highlights:
- data-time="1056"> Scalia spent his life teaching lawyers to faithfully interpret the Constitution and laws
- There's a lot of work to be done defending our nation's laws, and it seems like you're well prepared.
- span marker="95" data-time="1128">You went to Dartmouth at the very young age of 16, and then went to law
- regime of discrimination, and the civil rights division completely failed to enforce our nation's laws
Upon your return from Afghanistan, you attended law
Keywords:
Department of Justice, nominations, Assistant Attorney General, civil rights, enforcement, committee discussion
Summary:
The meeting covered important discussions surrounding key nominations in the Department of Justice, specifically for the roles of Assistant Attorney General for Civil Rights and the Office of Legal Policy. Various committee members took turns to express their views on the nominees, emphasizing the implications of their potential confirmation on civil rights enforcement in the country. Alongside the committee discussion, the nominees provided insights into their professional backgrounds and how their experiences align with the responsibilities of the positions for which they have been nominated.
TX
Transcript Highlights:
- As we understand the law, there are already limitations on what an election administrator could do, and
HB 3133 adds explicit deep fake material to the law.
- House Bill 668 by Representative Bell, under the current law, members and individuals who succeed...
- Most of these changes were made in direct contradiction to existing law.
- All new rules and rule modifications must be in full compliance with Texas law.
Keywords:
deep fake, social media, user reports, deceptive trade practices, online safety, election administration, deepfake material, gun license grace period, lottery regulations, public testimony
Summary:
The meeting focused on several critical pieces of legislation including HB677, HB3133, HB668, SB2819, and SB3070. Notably, HB677 prohibits county election administrators from holding other appointed positions while serving in their role, with no public testimony registered against it, leading to its pending status. Conversely, HB3133, which addresses the issue of explicit deep fake material on social media, drew significant attention but was left pending without public testimony as well. The discussion of HB668 included provisions for a one-year grace period for licensed handgun owners after expiration, a relatively straightforward bill that also registered no public testimony. Meanwhile, SB2819, a companion to HB677, emphasizes the strict regulations surrounding election administration, seeking to eliminate any potential conflicts of interest. Lastly, SB3070 sparked conversations about lottery regulations and transparency in operations, prompting discussions around its implications and garnering witness testimonies in favor of the bill.
TX
Transcript Highlights:
- Currently, the law recognizes certain cancers, such as those
- law.
- There's nothing currently I'm aware of in the labor code that allows an administrative law judge to award
You've heard from CLEAT, the largest law enforcement
- Those in health care, law enforcement, service, manufacturing, and related industries who work early
Keywords:
peace officers, firefighters, employment protection, worker's compensation, job security, maximum medical improvement, government employment, firefighter cancer benefits, emergency medical technicians, compensation claims, cancer exposures, firefighting hazards, workforce training, rural development, grant program, job-specific training, Texas Workforce Commission, child care, single-parent, workforce training
Summary:
The meeting of the committee involved critical discussions surrounding several pieces of legislation aimed at supporting first responders, enhancing worker rights, and improving child care access. Notably, House Bill 4144 was presented, which aims to provide supplemental income benefits to firefighters and police officers diagnosed with critical illnesses post-retirement. Testimony from a representative of the Texas State Association of Firefighters emphasized the importance of extending benefits to those affected by job-related diseases, particularly cancers prevalent among firefighters. The bill stirred affirmative discussions, with a consensus on its necessity in providing comprehensive support to first responders.
TX
Transcript Highlights:
A majority of law-abiding Texans want violent criminals
- We've heard from some judges who wanted to implement these measures but felt like the law tied their
- ...law enforcement.
- non-law enforcement personnel.
- Every city that's under state civil service, it's a matter of law with them already.
Keywords:
bail reform, criminal justice, felony offenses, constitutional amendment, public safety, bail reform, SJR87, SB3073, public safety, due process, judicial discretion, criminal justice, violent offenders, legislation
Summary:
The Senate Committee on Criminal Justice convened to discuss important legislative amendments regarding bail reform in Texas. The meeting centered around two key bills: SJR87 and SB3073. SJR87 is a proposed constitutional amendment aimed at imposing stricter bail conditions for repeat violent offenders, requiring judges to deny bail without individual assessments of risk in certain cases. This sparked contentious debate, highlighting the concerns among committee members and public witnesses about potential infringements on due process and judicial discretion. Proponents argued that the amendment would help safeguard the community against repeat offenders by ensuring that those with serious crimes on their record could not be released on bail under questionable circumstances.
TX
Texas 2025 - 89th Regular
Appropriations - S/C on Articles VI, VII, & VIII Feb 26th, 2025 at 08:00 am
House Appropriations - S/C on Articles VI, VII, & VIII
Transcript Highlights:
- He's referencing laws that were passed about four years ago.
- /p>
Okay, so from the time that the legislature passed these laws
- However, because the law is not being followed, ratepayers are...
- Should we, as policymakers, contemplate just writing it into law, putting the numbers into statute, and
- We report as required by law.
Keywords:
Texas Energy Fund, Public Utility Commission, taxpayer money, funding strategies, electricity regulation, public testimony, resource efficiency
Summary:
The meeting focused primarily on the public utility sector, with significant attention given to the Texas Energy Fund and its anticipated expansion. Discussions highlighted the funding strategies for public utility programs, with representatives questioning the necessity of further taxpayer investments in projects that have not proven their effectiveness. There was substantial debate over the management of resources and efficiency, particularly emphasizing the regulatory responsibilities of the Public Utility Commission. Member concerns were vocalized around the impact of increased spending on local taxpayers, and whether alternative measures could suffice without additional funding.
US
Us Congress 2025-2026 Regular Session
Business meeting to consider the nomination of Frank Bisignano, of New Jersey, to be Commissioner of Social Security Administration. Mar 31st, 2025 at 11:00 pm
Senate Finance Committee
Transcript Highlights:
- In fact, the law prohibits us, in the tax bill that Senator Cantwell referenced, from looking at Social
- The head of the Commerce Department said, "Well, if his mother-in-law misses a check, no big deal.
- In fact, the law prohibits us, in the tax bill that Senator Cantwell referenced, from looking at Social
- The head of the Commerce Department said, "Well, if his mother-in-law misses a check, no big deal.
- In fact, the law prohibits us, in the tax bill that Senator Cantwell referenced, from looking at Social
Keywords:
Frank Bisignano, Social Security Administration, Doge, nomination, committee, customer service, staffing issues, Senate
Summary:
The meeting of the Finance Committee primarily focused on the nomination of Frank Bisignano for Commissioner of the Social Security Administration. Members discussed the nominee's qualifications extensively, raising concerns about his past connections to Doge and the implications for Social Security. Several Senators expressed doubts about Bisignano's ability to improve the existing issues faced by the Social Security Administration, particularly related to staffing, customer service, and the potential for service cuts that could ultimately harm beneficiaries. The atmosphere was contentious, with divisive opinions visible among the committee members as they scrutinized Bisignano's past dealings and strategies.
TX
Texas 2025 - 89th Regular
Licensing & Administrative Procedures Apr 29th, 2025 at 10:04 am
House Licensing & Administrative Procedures Committee
Transcript Highlights:
- While under current law, estheticians and cosmetologists
- However, outdated references in current law still suggest
- Under current law, the Executive Director of TDLR is required to serve as an ex-officio member of the
- Under current law, the Texas Department of Licensing must update the Texas Workforce Commission monthly
- Current law unnecessarily requires mobile protocols that delay rebuilding efforts.
Keywords:
elevator inspection, building safety, construction standards, health and safety code, regulatory requirements, public safety, licensing, regulatory measures, cosmetology, driver education, committee meeting
Summary:
The committee meeting covered a variety of bills primarily focusing on public safety, regulatory measures, and licensing issues. Notable discussions included the approval of SB1366, which mandates the inclusion of construction and maintenance work zone information in driver education curriculums, and SB378, which clarifies the restrictions on cosmetologists and estheticians regarding injections and incisions, addressing safety concerns regarding unauthorized procedures. Members actively debated the merits of these bills, with several voiced concerns about the implications for public health and safety. The meeting also saw the passage of several bills without opposition, indicating a generally collaborative atmosphere among members.
US
Us Congress 2025-2026 Regular Session
Hearings to examine the nominations of Andrew Hughes, of Texas, to be Deputy Secretary, David Woll, of Virginia, to be General Counsel, both of the Department of Housing and Urban Development, Michelle Bowman, of Kansas, to be Vice Chairman for Super Apr 10th, 2025 at 09:10 am
Senate Banking, Housing, and Urban Affairs Committee
Transcript Highlights:
We have jurisdiction over key aspects of the law that
- I would also like to thank my mother-in-law, Linda, and my late father-in-law, Thomas, who also served
- me because it marks the 35th anniversary of my graduation from the University of Virginia School of Law
In those early days, like many of my law school classmates
- , I was recruited by and accepted a job with a large law firm where I was mentored by many fine lawyers
Keywords:
legislation, housing affordability, financial regulation, public testimony, accountability, oversight
Summary:
The meeting involved significant discussions around key legislative proposals, primarily focusing on various bills such as HB2 and SB5. The committee examined the implications of these bills on issues like housing affordability and financial regulation. Notable members engaged in debates, providing differing perspectives on the potential economic impacts of the proposed bills. The meeting witnessed public testimony, which included a call for accountability in government actions and oversight of current financial policies. Members echoed concerns about following through on commitments to address critical issues affecting everyday Americans.
US
Us Congress 2025-2026 Regular Session
Hearings to examine the nominations of Michael Kratsios, of South Carolina, to be Director of the Office of Science and Technology Policy, and Mark Meador, of Virginia, to be a Federal Trade Commissioner. Feb 25th, 2025 at 09:00 am
Senate Commerce, Science, and Transportation Committee
Transcript Highlights:
- and hearing that he would pursue the FTC's mission with impartiality and with respect for the rule of law
- >It has collaborated with European regulators to apply foreign laws
- departure from the FTC's historical role as a nonpartisan enforcer of consumer protection and competition law
I think the chair's deep understanding of issue law
- We must enforce laws as Congress designed, not engage in
Keywords:
Senate Committee, Commerce, Science, Technology, Quantum Computing, Artificial Intelligence, FTC, Consumer Protection, Innovation, Emerging Technologies
Summary:
The meeting of the Senate Committee on Commerce, Science, and Transportation featured significant discussions regarding technological advancements and their implications for the future. Notably, nominations were made for key positions in the White House's Office of Science and Technology Policy and the Federal Trade Commission. Committee members expressed the importance of leading in emerging technologies like artificial intelligence and quantum computing, emphasizing that the pace of innovation is crucial for maintaining the United States' global position as a leader in technology. The discussions also highlighted the role of the FTC in protecting consumers from deceptive business practices and ensuring fair competition in the marketplace.
Attendees underscored the urgency of advancing research and development in areas such as quantum computing, as evidenced by a demonstration of a new quantum chip anticipated to redefine computing capabilities across industries. Various members engaged in vibrant exchanges, showing support for initiatives aimed at bolstering innovation through public and private collaboration. Overall, the meeting set a strong agenda for pursuing future science and technology policies that ensure the U.S. remains at the forefront of global advancements.
TX
Texas 2025 - 89th 1st C.S.
Press Conference: Special Session Jul 21st, 2025 at 10:07 am
Transcript Highlights:
- span>
We're here today because Donald Trump just signed into law
- Donald Trump just signed into law a bill to kick millions of
- act like elected representatives and defend the law, defend
- ="88" data-time="522"> and infrastructure, alert systems, building codes, emissions monitoring, and law
- So, Trump just telling a state to use a map, which would be completely against all known election law
Keywords:
Texas floods, disaster relief, Governor Abbott, political agenda, House Democratic Caucus, redistricting, public safety, climate change, legislative accountability
Summary:
The meeting showcased intense discussions centered on not only legislative proposals but also the response to recently experienced devastating floods in Texas. House Democratic Caucus leader Gene Woo highlighted concerns about the political motives driving the current special session, arguing that Governor Abbott is prioritizing partisan redistricting over necessary flood relief efforts. Multiple speakers condemned the use of a natural disaster as a vehicle for advancing a political agenda and emphasized the urgency of addressing disaster preparedness and public safety. Throughout the meeting, representatives stressed the need to hold leadership accountable and to ensure that the voices of affected Texans are heard.
TX
Transcript Highlights:
- I'm a board-certified attorney, and I've been practicing law for several years before this bill, SB263
- I'm on a county court law bench.
- However, because this is new and because we're dealing with the law, there are legal implications.
- that a supporter under a supported decision-making agreement in the legal context isn't practicing law
- Members, under current law, guardians of estates must submit supporting vouchers and other documents.
Keywords:
disability, supported decision-making, legal assistance, confidentiality, access to justice, autonomy, civil rights, advocacy, judicial branch, court security, expunction, pretrial intervention, youth diversion, record retention, legislative procedures, Senate Bill 2165, foster care, missing children, supportive decision-making, legal jurisdiction
Summary:
The meeting included significant discussions surrounding several bills focusing on children's welfare, particularly regarding foster care and supportive decision-making agreements. Notably, Senate Bill 2165 was presented, which addresses the issue of foster children who go missing and the legal implications of dismissing their cases while they are unaccounted for. The bill aims to ensure that courts retain jurisdiction over these cases to provide continuous support and monitoring until the children reach adulthood. Several witnesses, including legal experts and advocates, expressed fervent support for the bill, highlighting the vulnerabilities of youth in the foster care system and the risks of human trafficking associated with missing children. The importance of maintaining oversight and support for these youth was a common sentiment throughout the testimony.
US
Us Congress 2025-2026 Regular Session
Hearings to examine the nominations of Stephen Vaden, of Tennessee, to be Deputy Secretary, and Tyler Clarkson, of Virginia, to be General Counsel, both of the Department of Agriculture. Apr 8th, 2025 at 09:00 am
Senate Agriculture, Nutrition, and Forestry Committee
Transcript Highlights:
- His understanding of agriculture, the law, and USDA will
- , they are essential in ensuring the Department remains focused on its mission and compliance with laws
- advising the Secretary and Deputy Secretary on rulemaking processes and compliance and enforcement of the law
- to learn more today about what you will do as General Counsel, if confirmed, to uphold the rule of law
- has strengthened his already robust understanding of how agricultural policy intersects with trade law
Keywords:
USDA, nominations, Judge Vaden, Tyler Clarkson, agriculture policy, rural America, tariffs, farmer advocacy
Summary:
The meeting focused on the nominations of Judge Stephen Alexander Vaden for Deputy Secretary of Agriculture and Mr. Tyler Clarkson for General Counsel at the USDA. Members expressed concerns regarding the challenges farmers and ranchers face, especially in navigating the impacts of recent tariffs imposed by the President. Significant attention was given to how these nominations could influence agriculture policy and support rural communities amidst economic uncertainty. The committee emphasized the necessity for strong leadership in the USDA to advocate for farmer needs and ensure the proper implementation of assistance programs.
TX
Texas 2025 - 89th Regular
Delivery of Government Efficiency May 14th, 2025 at 09:05 am
House Delivery of Government Efficiency Committee
Transcript Highlights:
Several states have already enacted similar laws, such
- Defense Act proves that incentives work in Ohio, with 76% of SMBs increasing cybersecurity spending post-law
These laws have proven that voluntary frameworks drive
- So it modernizes Texas law by creating civil and criminal remedies specifically for AI-enabled financial
Keywords:
election officials, confidentiality, personal information, government transparency, public safety, financial exploitation, artificial intelligence, phishing, legal liability, criminal offense, civil penalty, consumer protection, cybersecurity, small businesses, election officials, safety, SB2610, SB1540, SB2373
Summary:
During the meeting, the committee reviewed three significant bills: SB2610, SB1540, and SB2373. SB2610, presented by Chairman Capriglione, provides a legal safe harbor from punitive damages for small and mid-sized businesses implementing documented cybersecurity programs. Testimonies from representatives of the National Federation of Independent Businesses emphasized the importance of this legislation in safeguarding businesses against cyber threats. Similarly, SB1540 aims to enhance the safety of election officials by protecting their personal information from disclosure, addressing increasing threats and harassment faced by these individuals. The committee heard heartfelt testimonies from election officials who highlighted the risks endured due to their roles, reinforcing the need for stronger protections.
US
Us Congress 2025-2026 Regular Session
Business meeting to consider the nominations of Patrick David Davis, of Maryland, John Andrew Eisenberg, of Virginia, and Brett Shumate, of Virginia, all to be an Assistant Attorney General, Department of Justice. Apr 10th, 2025 at 09:15 am
Senate Judiciary Committee
Transcript Highlights:
- Our loss is the gain of UC Berkeley Law School, Senator Padilla.
- He is headed out to California, his home state, to begin law school this fall.
- Martin has repeatedly attacked law enforcement officers who kept us safe as members of the Senate and
- Martin has repeatedly attacked law enforcement officers during the January 6th riot and the assistant
Keywords:
nomination, Patrick Davis, Assistant Attorney General, Ed Martin, January 6th, public testimony
Summary:
This meeting focused primarily on the nomination of Patrick Davis to serve as Assistant Attorney General for the Office of Legislative Affairs. Members discussed Mr. Davis's qualifications and experience, emphasizing his commitment to effectively serving the American public and working collaboratively with Congress. The committee also briefly revisited the nominations of John Eisenberg and Brett Shumate but decided to hold them over until the next meeting. Additionally, concerns regarding the nomination of Ed Martin as U.S. Attorney for the District of Columbia were raised, particularly regarding his past statements and conduct related to the January 6th insurrection and its aftermath. The discussion highlighted the importance of reviewing Mr. Martin's responses to various questions before proceeding with a vote on his nomination.
TX
Texas 2025 - 89th Regular
Energy Resources Apr 14th, 2025 at 02:04 pm
House Energy Resources Committee
Transcript Highlights:
- ="607" data-time="3636"> So that does not exhaust the range of things that are legitimate under the law
- As usual, he always brings up some very good points, but this doesn't override the reasons in law why
- It is vital that all aspects of the law work together cohesively to provide clear guidance and ensure
- Ensuring consistency between this bill and the established laws is essential for maintaining the rights
- saying in this is to make the law say that they have to do
Keywords:
surface estate, well plugging, Railroad Commission, landowner rights, liability, strategic reserve, gas supply, petroleum products, disaster response, Railroad Commission of Texas, energy security, emergency planning, oil and gas waste, Railroad Commission, environmental regulation, waste management, mining pits, groundwater monitoring, oil and gas waste, regulation
Summary:
The committee meeting centered around the discussion of several bills, primarily focusing on environmental and transparency issues related to oil and gas operations. Notably, a bill introduced by Representative Rosenthal (HB5105) aimed to enhance transparency for royalty owners concerning suspension of payments, requiring operators to notify them of any reasons for such suspensions. During the meeting, multiple witnesses testified, emphasizing the necessity of protecting landowners' rights and ensuring responsible management of hazardous waste from oil operations. Additionally, the committee heard about HB4572, which aimed to require landowner consent before the burial of waste on their properties, highlighting the importance of land and groundwater protection amidst growing concerns of contamination from reserve pits used in the oil and gas industry.
US
Us Congress 2025-2026 Regular Session
Business meeting to consider an original bill entitled, "GENIUS Act of 2025", and S.875, to curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions. Mar 13th, 2025 at 09:00 am
Senate Banking, Housing, and Urban Affairs Committee
Transcript Highlights:
- require stablecoin issuers to maintain reserves backed one-to-one, comply with anti-money laundering laws
- ...There are a lot of laws in place to protect consumers
- if he does it through current law.
- security by regulating and registering payment stablecoin issuers and ensuring that they comply with law
- Genius Act actually updates and includes more fulsome anti-money laundering requirements, increases law
Bills:
SB875
Keywords:
banking regulation, federal agencies, reputational risk, financial services, supervision, Genius Act, FIRM Act, stablecoins, bipartisan, financial regulation, national security, consumer protection, innovation
Summary:
This meeting focused on the markup of the Genius Act and the FIRM Act, two significant pieces of legislation addressing stablecoin regulation and the financial industry's regulatory framework. The Chairman noted the importance of providing clarity to the digital asset community and protecting American consumers, while also promoting innovation and competition within the financial sector. Members of both parties expressed varying viewpoints, with some highlighting concerns related to national security and the potential risks associated with stablecoins.