--- title: Senate Banking and Financial Institutions Committee, March 24, 2026 collection: meetings id: 2026-03-24/senate-banking-and-financial-institutions cite_as: Senate Banking and Financial Institutions Committee, March 24, 2026, video https://vimeo.com/1176351223 (machine transcript by Georgia Commons) canonical_url: https://georgiacommons.org/meetings/2026-03-24/senate-banking-and-financial-institutions md_url: https://georgiacommons.org/meetings/2026-03-24/senate-banking-and-financial-institutions.md text_url: https://georgiacommons.org/meetings/2026-03-24/senate-banking-and-financial-institutions/text source_url: https://vimeo.com/1176351223 date: 2026-03-24 status: machine transcript corpus_version: meetings-2026-10-23-8c15ead0f18d license: Machine transcript and summaries by Georgia Commons from the General Assembly's public video; the video stays on the General Assembly's Vimeo channel; see about.md publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice. up: https://georgiacommons.org/meetings/2026-03-24.md previous: https://georgiacommons.org/meetings/2026-03-24/senate-government-oversight.md next: https://georgiacommons.org/meetings/2026-03-24/house-judiciary-non-civil.md index: https://georgiacommons.org/meetings/index.md chamber: Senate body: Senate Banking and Financial Institutions Committee body_url: https://georgiacommons.org/meetings/senate-banking-and-financial-institutions.md meeting_kind: committee session: 2025-2026 Regular Session start_time: 2026-03-24T09:00:00-04:00 location: 450 CAP duration_seconds: 2452.0 video_id: 1176351223 video_title: 03/24/2026 Senate Committee on Banking and Financial Institutions agenda_url: https://www.legis.ga.gov/api/document/agendas/senate/BFIAgenda3.24.26.pdf bills_discussed: - HB 1272 summaries_model: gpt-6.1-sol transcript_turns: 139 --- # Senate Banking and Financial Institutions Committee, March 24, 2026 Senate Banking and Financial Institutions Committee; March 24, 2026; 2025-2026 Regular Session. Video, on the General Assembly's Vimeo channel: https://vimeo.com/1176351223. Agenda: https://www.legis.ga.gov/api/document/agendas/senate/BFIAgenda3.24.26.pdf. > This is a machine transcript of the General Assembly's video, made by a speech-recognition model. It is not an official record and can mishear words, names, and numbers. Speakers are not identified. The video is the record: every timestamp links to the moment it plays. ## Summary written by Georgia Commons Written by gpt-6.1-sol from the transcript below. It is not part of the record. Quote the transcript or the video, not the summary. The committee discussed [HB 1272](https://georgiacommons.org/bills/2025-2026/hb1272), which would establish state oversight of payment stablecoin issuers. Members asked about security, financial backing, issuer approval, transaction speed and borrowing against stablecoins. The sponsor said the proposal closely follows the federal GENIUS Act and would help Georgia lead other states in setting rules. No audience members testified. The committee approved a do-pass motion and sent the bill forward to Rules. No vote count was stated. ## Bills discussed (1) Each account was written by gpt-6.1-sol from the stretch of the transcript it names. The bill's number is said in that stretch, unless it was the only bill on a committee's agenda. ### HB 1272. Banking and finance; licensing of payment stablecoin issuers; provisions [HB 1272](https://georgiacommons.org/bills/2025-2026/hb1272) (2025-2026 Regular Session). From [0:25:19](https://vimeo.com/1176351223#t=1519s), turns 0 to 129. The sponsor said the proposal closely follows the federal GENIUS Act and would let Georgia set an example for six other states considering similar legislation. The sponsor described Department of Banking oversight, including issuer background checks, financial reviews and monthly checks that reserves match outstanding stablecoins. A member requested a written explanation of stablecoins. The sponsor distinguished them from Bitcoin, saying stablecoins have dollar-for-dollar backing in dollars or Treasury bills rather than speculative value. Responding to security concerns, including a member’s references to FTX and Binance, the sponsor said reserves must remain separate, issuers cannot borrow against them or pay yield, and public-blockchain transactions can be monitored. The sponsor acknowledged that no system is completely fraud-proof. Another member asked about payment delays. The sponsor said transfers could take about a minute rather than days, including across borders. On borrowing, the sponsor said banks and credit unions could accept stablecoins as collateral, although issuers could not borrow against reserves. Asked about industry feedback, the sponsor reported Department of Banking support but declined to speak for banking groups present. No audience members testified. Members clarified that the motion covered version LC 620349. With no amendments offered, the committee approved the do-pass motion and sent the bill to Rules. No vote count was stated. ## Transcript (139 turns) [0:25:07](https://vimeo.com/1176351223#t=1507s) get something thrown to us from rules. However, thank you all for serving. Thank you all for being here, and, uh, we appreciate, you know, the, the time it takes to make it happen. We are here today to, uh, talk about House Bill 1272. Chairman Jones is gonna, uh, any- well, he did a remarkable job explaining this to us, uh, last week, and we had, in our hearing. And this year, this week, we wanna move this thing forward. If anybody has a problem with it, now is the time to ask questions. And the sign-up sheet was out there for the, uh, audience, but I didn't see anyone sign up on the sign-up sheet, so, uh, you get 10 points, you know, for, gold stars for not signing up this morning. [0:25:45](https://vimeo.com/1176351223#t=1545s) We'll, we'll make it happy and quick. So well, right now, we'll open up the, uh, the, the floor to anything you wanna add to it, Chairman Jones? You wanna add to our, to your thing from last week? [0:25:55](https://vimeo.com/1176351223#t=1555s) Mr. Chairman, thank you for the opportunity, members of the committee. The only thing I'd like to add is, as I noted last week, we are right now, I believe, in a competition to be first with about six states. We have six other states that have dropped similar legislation. I will continue to proffer to this committee that by us taking the first position, that puts our Department of Banking into the position to put the rules together that frankly I believe the other states will effectively use as a North Star, and I'd like Georgia to be the North Star on this and not a follower on this. [0:26:25](https://vimeo.com/1176351223#t=1585s) But that's it, Mr. Chairman. [0:26:26](https://vimeo.com/1176351223#t=1586s) Is this a bill that mimics other states, or did this bill kinda put us ahead of other states? [0:26:31](https://vimeo.com/1176351223#t=1591s) In our opinion, and again, I'm subjective, I believe it puts us ahead. Uh, the reason why is we tie closest to the Federal Genius Act from July of 2025 than any other state. The other states have taken, I'll say, a little bit of carte blanche to move outside of that construct. I actually think that's not the right way to go. I think by staying within the Genius framework, we put ourselves in a better position. Even if there's a challenge by the courts, et cetera, we'll be able to flip right back up to the federal statute. So I believe our approach is the right one. It's a prudent one. It is absolutely one that keeps Georgians safe, but it also gives Georgians the opportunity to be able to take advantage of, uh, effectively stable coin, effectively the digital dollar, and then at the same time, it gives our fintech industry and others another arrow in their quiver so, uh, so we remain the leader in the country. [0:27:16](https://vimeo.com/1176351223#t=1636s) I know this is a, a lot of restaurants in Atlanta have gone digital, or non, non, or cashless I guess is the best way to say it. Do you think this will just expand that? [0:27:27](https://vimeo.com/1176351223#t=1647s) I think without a doubt, I think you're going to see, because of the ease and the less in, the lesser intermediaries here, uh, we are going to continue to see the digital dollar, and that's what I'm calling stable coins, the digital dollar, become prevalent over the next three to five years. [0:27:41](https://vimeo.com/1176351223#t=1661s) I was asking my admin the other day, do they carry cash like we all grew up doing? And the answer to that is no. [0:27:48](https://vimeo.com/1176351223#t=1668s) Yeah. [0:27:48](https://vimeo.com/1176351223#t=1668s) They just, just don't do it anymore. It's just not there. So it's just, digital dollar is gonna b- obviously the, uh, is the way of the future, I guess you might well say it. [0:27:57](https://vimeo.com/1176351223#t=1677s) A, 1,000%, and I think that's something that people are going to appreciate, especially the ease by which they're gonna be able to move it. I think professionals are gonna appreciate the idea that you can do currency swaps and currency trades much more effectively, and cross-border payments. W- like I said last week, I don't want to continue to repeat what I said- [0:28:12](https://vimeo.com/1176351223#t=1692s) Right [0:28:12](https://vimeo.com/1176351223#t=1692s) ... but we're talking moving literally in seconds, not moving in days. [0:28:16](https://vimeo.com/1176351223#t=1696s) And my biggest, our biggest concern was, and I think you've, you can touch it again, was the fact that H- House, if you take my dollar out of my pocket, I can fight with you, you know, stop you, or I can try to fend you off. If you take the dollar out of a digital wallet, you know, that's, that's gonna be the, the challenge to make sure everything's safe as we move on. [0:28:33](https://vimeo.com/1176351223#t=1713s) Y- yes, sir. And the great thing is, I wanna re- reiterate, this is a public blockchain. [0:28:37](https://vimeo.com/1176351223#t=1717s) Right. [0:28:37](https://vimeo.com/1176351223#t=1717s) And each one of those unique blocks are of, they're not just encrypted, but effectively there's a back office that's watching every one of the transactions. So to be able to do, I'm not gonna suggest to you this is 100% fraud proof, I don't think anything is, but how about this? It's about as, as close as we can get to that goal and not necessarily be there. [0:28:58](https://vimeo.com/1176351223#t=1738s) Well, I wanna reiterate, last, last week your testimony was very thorough, very w- very well put together, and I appreciate, you know, the time and effort you put in on this to make it happen, 'cause I know it didn't just happen overnight. [0:29:08](https://vimeo.com/1176351223#t=1748s) No, sir. [0:29:09](https://vimeo.com/1176351223#t=1749s) So I appreciate that. Questions from the committee, anybody got any question? Number eight, ch- my vice chairman, Senator Hodges. [0:29:15](https://vimeo.com/1176351223#t=1755s) Just, um, thank you, Mr. Chairman. Um, Chairman Jones, just to sum all this up, as, this is correct, as the digital dollar increases in scope of importance and use in the United States, the Federal Genius Act is gonna be more important in scope. And if we mirror that act in Georgia, then whatever happens, I mean, we're basically regulating like the feds do. And, um, and which should keep us- [0:29:48](https://vimeo.com/1176351223#t=1788s) Yeah [0:29:48](https://vimeo.com/1176351223#t=1788s) ... in pretty good shape and on top of the pile as this develops. And, um, so I, I agree with you that, um, that we need to be leaders in this. And, and, and I believe that, um, by passing this, um, we will do so. [0:30:05](https://vimeo.com/1176351223#t=1805s) Thank you, sir. [0:30:08](https://vimeo.com/1176351223#t=1808s) One, uh, uh, Mang- what number are you? [0:30:11](https://vimeo.com/1176351223#t=1811s) Four. [0:30:13](https://vimeo.com/1176351223#t=1813s) Four. Senator Mangham, go ahead. [0:30:14](https://vimeo.com/1176351223#t=1814s) Thank you again, and, um, Senator Hodges wanted a, a write-up, but I need a write-up worse than he does. [0:30:21](https://vimeo.com/1176351223#t=1821s) Okay. [0:30:22](https://vimeo.com/1176351223#t=1822s) I- [0:30:22](https://vimeo.com/1176351223#t=1822s) All right [0:30:22](https://vimeo.com/1176351223#t=1822s) ... I'm, uh, I'm an attorney. I don't know finance. It's one of my weaknesses. Um, but if you can let me have that write-up, public and private. Just give me a summary of it all again. I, I know these guys get it. I, I'm, I'm, like, elementary. Give me a summary, 'cause the, the difference between a stable coin and... Give me a- [0:30:50](https://vimeo.com/1176351223#t=1850s) Sure [0:30:51](https://vimeo.com/1176351223#t=1851s) ... just a summary. [0:30:53](https://vimeo.com/1176351223#t=1853s) I think- [0:30:53](https://vimeo.com/1176351223#t=1853s) In addition to that write-up you're gonna email me. [0:30:55](https://vimeo.com/1176351223#t=1855s) Yeah, I'm literally in the middle of doing that. [0:30:56](https://vimeo.com/1176351223#t=1856s) Thank you. [0:30:57](https://vimeo.com/1176351223#t=1857s) I, I, I don't wanna be disrespectful to the chairman- [0:30:58](https://vimeo.com/1176351223#t=1858s) Right. You're not [0:30:58](https://vimeo.com/1176351223#t=1858s) ... and start doing email, uh, in his committee. Um, let's first and foremost say stable coin not equal to Bitcoin That, that, that's a very important distinction [0:31:07](https://vimeo.com/1176351223#t=1867s) What's the difference? I mean, that's- [0:31:08](https://vimeo.com/1176351223#t=1868s) The biggest distinct- well, there's two, there's more than two, but there's two primary distinctions. One, stable coin is backed dollar to dollar to the US dollar or a US T-bill. So at all times, you are backed. So if you go to an issuer and get 1,000 stable coins, you have to deposit in $1,000, $1,000 worth of T-bills, et cetera. That, to me, is 100% one of the key differences, and that is basically marked to market every 30 days by our Department of Banking to make sure in a segregated account, there's $1,000 sitting here because we moved to Senator Mangham 1,000 stable coins. [0:31:43](https://vimeo.com/1176351223#t=1903s) The second thing is, is the movement is done publicly on a public blockchain, not complete public, but in terms of the acknowledgement on the back office versus a private blockchain, which is where Bitcoin typically sits at. That's why you typically see in cyberattacks, the ransomware is gonna be moved up via v- vis-a-vis Bitcoin because frankly, the people, the bad actors, they do not wanna be known who they are, and that can move that way. Stable coin has no capability to be used in such a nefarious way. [0:32:12](https://vimeo.com/1176351223#t=1932s) Also, you don't make, uh, it's not like you're investing in stable coin- Right ... to make money. You might wanna- Right. [0:32:17](https://vimeo.com/1176351223#t=1937s) Oh, okay. The third distinction would be, yeah, so whereas Bitcoin obviously is speculative- [0:32:22](https://vimeo.com/1176351223#t=1942s) Right [0:32:22](https://vimeo.com/1176351223#t=1942s) ... and you've seen the, I'll say, a wild valuation- [0:32:24](https://vimeo.com/1176351223#t=1944s) Right [0:32:25](https://vimeo.com/1176351223#t=1945s) ... go up and down. Stable coin is against the US dollar, so it's about as stable as you're going to get with no- [0:32:32](https://vimeo.com/1176351223#t=1952s) That's why it's called stable coin. [0:32:33](https://vimeo.com/1176351223#t=1953s) That's why it's called stable coin. And look, to Senator Hodges' point a- about locking into the Genius Act, and again, I don't wanna get into fiscal policy or federal policy s- m- Mr. Chairman, but it's in our best interest as a country for the US dollar to become again the standard globally. The faster we move this digital dollar, the faster more worldwide transactions will be done vis-a-vis the US dollar and not the yen or not basically the ruble or anything to that effect. So if we wanna look at it also from a national security standpoint, the more the world trades on the US dollar, the better we are, but again, I don't wanna get too far into that because this is a state bill. [0:33:06](https://vimeo.com/1176351223#t=1986s) It's not a federal bill, but I did wanna make a codicil to Senator Hodges' comments. [0:33:12](https://vimeo.com/1176351223#t=1992s) And Senator Dixon. Dickerson. [0:33:15](https://vimeo.com/1176351223#t=1995s) Thank you, Mr. Chairman. Uh, Chairman Jones, always a pleasure seeing you here. Um, if you don't mind, for the members of the committee and for everybody watching, um, if you could explain this just a little bit. So my, my biggest concern, uh, when it comes to digital currency revolves around security. [0:33:30](https://vimeo.com/1176351223#t=2010s) Mm-hmm. [0:33:30](https://vimeo.com/1176351223#t=2010s) Uh, making sure, and a lot of us have seen the issue that we saw a couple years ago with FTX and Binance- [0:33:35](https://vimeo.com/1176351223#t=2015s) Mm-hmm [0:33:35](https://vimeo.com/1176351223#t=2015s) ... uh, which revolved around those cryptocurrencies. [0:33:37](https://vimeo.com/1176351223#t=2017s) Mm-hmm. [0:33:38](https://vimeo.com/1176351223#t=2018s) Um, how do we ensure the, the public that this is gonna be a secure transaction? It's not gonna be some, uh, fraudulent-type issue like we saw with, uh, both those organizations. [0:33:48](https://vimeo.com/1176351223#t=2028s) Okay, so a couple of things, if you don't mind, Senator Dickerson. Uh, first and foremost, again, I cannot stress enough from a fraudulent standpoint, there is no speculative nature to the stable coin. There would be no reason to short or long this, per se, currency. In other words, you, there is a reason to short or long a Bitcoin, for instance, or Ethereum, for instance, but there is no sense because that effectively, that's no different than currency trading today if you're gonna move the US dollar against the pound, against the euro, against the yen, et cetera. So that's number one. Number two is the stability I mentioned to Senator Mangham. [0:34:20](https://vimeo.com/1176351223#t=2060s) Again, this is going to be the most boring digital dollar of all time because, again, a segregated account sits there that cannot be levered by the issuer. You cannot pay yield like a bank, so we're not in competition with, with a bank, and this is... and that account is not just checked every month by Department of Banking, but it's marked to market. So at the end of the day, you have the confidence that truly the dollar that used to be in all of our pockets is still the same dollar in digital. In terms of the transferring of it, I wanna again stress that it is moving vis-a-vis blockchain, which I would argue is probably the most secure mechanism in terms of moving because remember, each transaction is one digital block. [0:34:57](https://vimeo.com/1176351223#t=2097s) The most important distinction, though, as I just said to, to, to Senator Mangham, is it's not a private blockchain, but one that's a public blockchain. So the intermediaries on the back end, may those be financial institution, may they be our fintech, uh, um, organizations, may be a startup out, out of Georgia Tech. The fact is, is on the back end, we will see every transaction. So every transaction being reviewed on the back end really gives us a high level of confidence that, again, I don't wanna say 100% fraud-proof. I'll just say 99.4 nines. [0:35:26](https://vimeo.com/1176351223#t=2126s) Okay. Thank you, sir. One quick follow-up, Mr. Chairman. Um, when it comes to the issuer, uh, of the stable coins, how are they approved and regulated? [0:35:33](https://vimeo.com/1176351223#t=2133s) So if you don't mind, sir, I'll p- I'll... It's gonna take me a moment, but we have about four pages inside the bill on what the Department of Banking is going to be doing- [0:35:43](https://vimeo.com/1176351223#t=2143s) Okay [0:35:43](https://vimeo.com/1176351223#t=2143s) ... in terms of making sure that, um, everything from, hypothetically, Senator, you and I wanna be stable coin issuers. [0:35:51](https://vimeo.com/1176351223#t=2151s) Right. [0:35:51](https://vimeo.com/1176351223#t=2151s) Um, not only are we background-checked, not only are we basically looked at from a solvency standpoint, making sure we have the mechanism for the dedicated account, making sure we're not levering it, hypothecating it, et cetera. In other words, we have opened ourselves up to the scrutiny, and rightfully so, of the framework of the Department of Banking- [0:36:08](https://vimeo.com/1176351223#t=2168s) Wow [0:36:08](https://vimeo.com/1176351223#t=2168s) ... and inside the bill it goes through in, I think, significant detail. And again, that detail locks into the Genius Act. [0:36:16](https://vimeo.com/1176351223#t=2176s) Okay. [0:36:16](https://vimeo.com/1176351223#t=2176s) Okay. [0:36:16](https://vimeo.com/1176351223#t=2176s) Thank you, sir. I appreciate that. [0:36:17](https://vimeo.com/1176351223#t=2177s) Of course. [0:36:21](https://vimeo.com/1176351223#t=2181s) Any other questions? What number? We're at nine. Nine. Uh, Chairman Harbin. [0:36:26](https://vimeo.com/1176351223#t=2186s) Thank you, sir. Thank you, Representative Jones. Uh, this for Georgia really kinda is gonna be our launch towards the business community first, and what you were just talking about, really the, I wanna call it the registration, you're gonna know who's there, unlike an ACH, you got a bank account, you got a... That's all you know, or a wire transfer in many cases. You just got a number. You're not, you don't know that. The other part I, I'm, I'm asking about is the timing you mentioned. If you're waiting three or four days and you've got currency exchanges and things of that nature, this would eliminate that. [0:37:01](https://vimeo.com/1176351223#t=2221s) Am I correct? [0:37:02](https://vimeo.com/1176351223#t=2222s) Correct. I wanna say lag is measured in, well, I don't know if I'll say seconds. How about a minute? Uh, that's your lag versus your lag on an ACH or a wire. Again, depending if you're doing it on a Friday, depending if you're doing it on a bank holiday- [0:37:15](https://vimeo.com/1176351223#t=2235s) Yeah [0:37:15](https://vimeo.com/1176351223#t=2235s) ... et cetera. As we all know, 'cause I see a lot of nodding heads, it could be one day, two day, three day, four day. And then if you're moving to another continent, that also adds another level of complexity, which with this, it's just not the case. [0:37:26](https://vimeo.com/1176351223#t=2246s) I can see this with a closing especially, where you can have the deal done- [0:37:30](https://vimeo.com/1176351223#t=2250s) Mm-hmm [0:37:30](https://vimeo.com/1176351223#t=2250s) ... rather than having to wait for it. It's the clearing or whatever's going on, so very good. And I like what you, what you've done. It's, I think it's a great idea. Great, great job. [0:37:36](https://vimeo.com/1176351223#t=2256s) Okay. Thank you, Senator. [0:37:39](https://vimeo.com/1176351223#t=2259s) One more was brought up, uh- [0:37:44](https://vimeo.com/1176351223#t=2264s) Yeah, ma'am [0:37:44](https://vimeo.com/1176351223#t=2264s) ... the issue of, uh, leveraging. If I have, uh, $10 or 100,000 in an account, is it possible for me to leverage against, borrow against that 100 grand, uh, to do whatever? [0:38:01](https://vimeo.com/1176351223#t=2281s) So I don't wanna speak for our banks, our credit unions, et cetera. We love all of them. If their decision is, is to take in as a deposit your 100,000 stable coins and they wanna give you a loan as a lock, if they wanna give you a loan, a mortgage, you name it, um, this is not at all impeding their ability to take that 100,000 as collateral. 'Cause a bank, as you know, a credit union, can use that stable coin or they can use a digital dollar as collateral, where again, the issuer cannot do anything like that. [0:38:34](https://vimeo.com/1176351223#t=2314s) Senator Dickerson. [0:38:34](https://vimeo.com/1176351223#t=2314s) Ch- Chairman Jones, thank you so much. Um, one quick follow-up. So I know we didn't have any sign, anybody sign up today. Do we have any, uh, comments or any feedback from the banking industry itself for this, for the State of Georgia? [0:38:45](https://vimeo.com/1176351223#t=2325s) I can only speak for the banking department. I don't wanna speak- [0:38:47](https://vimeo.com/1176351223#t=2327s) Okay [0:38:47](https://vimeo.com/1176351223#t=2327s) ... for the industry. The banking department is in full support of this bill- [0:38:49](https://vimeo.com/1176351223#t=2329s) Okay [0:38:49](https://vimeo.com/1176351223#t=2329s) ... and has, I'll say, helped us out along as we have been framing the bill, and of course, how it was gonna be doing the regulations that effectively start at line 329. [0:38:59](https://vimeo.com/1176351223#t=2339s) Okay. [0:38:59](https://vimeo.com/1176351223#t=2339s) Well, we have- [0:38:59](https://vimeo.com/1176351223#t=2339s) 329. Okay. Thank you [0:39:00](https://vimeo.com/1176351223#t=2340s) ... we have the Georgia bankers and the community bankers in the audience- [0:39:03](https://vimeo.com/1176351223#t=2343s) Oh, okay [0:39:03](https://vimeo.com/1176351223#t=2343s) ... out there. So- [0:39:03](https://vimeo.com/1176351223#t=2343s) Yeah, but I don't wanna speak for them 'cause- [0:39:05](https://vimeo.com/1176351223#t=2345s) Yeah [0:39:05](https://vimeo.com/1176351223#t=2345s) ... yeah. Okay. [0:39:05](https://vimeo.com/1176351223#t=2345s) Thank you, sir. Appreciate it. [0:39:06](https://vimeo.com/1176351223#t=2346s) If they have anything to say, they're certainly welcome to, to do it, so, so they know, they, they always know that. They're, our, our, our committees are, we're open, we're open book here. We're open book here, so. Okay, guys, that's where we are right now. Let's just see where we are. We're in the posture now. Um, I'll take a motion to move this thing forward. [0:39:24](https://vimeo.com/1176351223#t=2364s) Mr. Chairman, I move to pass on, uh, House Bill 1272, LC 63-0349. [0:39:32](https://vimeo.com/1176351223#t=2372s) Hold on just, hold just one second. We've got a different LC number. [0:39:37](https://vimeo.com/1176351223#t=2377s) 620349. [0:39:39](https://vimeo.com/1176351223#t=2379s) I think on the OPLA report, I think they transposed a number, so just for verification, we're working off LC 620349? [0:39:46](https://vimeo.com/1176351223#t=2386s) Yes, sir. [0:39:47](https://vimeo.com/1176351223#t=2387s) Okay. [0:39:47](https://vimeo.com/1176351223#t=2387s) Yeah. [0:39:47](https://vimeo.com/1176351223#t=2387s) Just making sure. [0:39:48](https://vimeo.com/1176351223#t=2388s) Yeah. [0:39:48](https://vimeo.com/1176351223#t=2388s) Okay. [0:39:49](https://vimeo.com/1176351223#t=2389s) Yeah, six, uh, six two. [0:39:51](https://vimeo.com/1176351223#t=2391s) Instead of six. [0:39:52](https://vimeo.com/1176351223#t=2392s) Okay, I'll second that motion. [0:39:53](https://vimeo.com/1176351223#t=2393s) So we have a due pass from Senator Hodges and second- [0:39:55](https://vimeo.com/1176351223#t=2395s) Second [0:39:55](https://vimeo.com/1176351223#t=2395s) ... from Senator Dickerson. Uh, any more discussion on this bill, amendments, et cetera, et cetera? Seeing none, all those in favor, please raise your right hand. And since we're all here, you're passing amicably, you're on the way to ruling, sir. [0:40:07](https://vimeo.com/1176351223#t=2407s) Thank you very much. [0:40:08](https://vimeo.com/1176351223#t=2408s) And I'm assuming Senator Dolezal was carrying this, are we correct? [0:40:10](https://vimeo.com/1176351223#t=2410s) That is correct. Yes. [0:40:11](https://vimeo.com/1176351223#t=2411s) Senator Dolezal will carry this. [0:40:12](https://vimeo.com/1176351223#t=2412s) Mm-hmm. [0:40:13](https://vimeo.com/1176351223#t=2413s) And, uh, since it's our last meeting, I wanna tell you, we're gonna be losing Elizabeth next year. She's headed off to law school. [0:40:18](https://vimeo.com/1176351223#t=2418s) Oh, no. [0:40:19](https://vimeo.com/1176351223#t=2419s) You know, I don't know why she wants to go be a lawyer. She could be a stable coin operator. [0:40:27](https://vimeo.com/1176351223#t=2427s) But- I don't know why, but, uh, it's been great working with her, and Denalia will be leaving us next year, headed off to a different school. And thank you all. Jackson, all you guys, thank y'all for always taking care of us. [0:40:35](https://vimeo.com/1176351223#t=2435s) Thank you. [0:40:36](https://vimeo.com/1176351223#t=2436s) Everybody, we appreciate it. Anybody got anything to say? If not, we're adjourned. [0:40:40](https://vimeo.com/1176351223#t=2440s) There you go. [0:40:40](https://vimeo.com/1176351223#t=2440s) Thank you, Chairman. [0:40:41](https://vimeo.com/1176351223#t=2441s) Thank you, sir. Appreciate it