Representative Sonia Eubanks Barker

Insurance & Commerce (House) — March 19, 2025 (1:44:11)

I am closed for this bill, and I second the motion by Representative

Insurance & Commerce (House) — March 19, 2025 (1:44:07)

this bill? Representative Aker, you are raking us to close.

Insurance & Commerce (House) — March 19, 2025 (1:43:05)

own terminal and to a depth of no more than 12 inches. This practice allows installation of customer service to be handled more quickly and efficiently. It's an important note that the 811 organization has reviewed and approved the changes being made. And additionally, the change was shared with several utility companies who have no objections. AT&T is here today to answer any questions concerning what problem this is solving. And we welcome those at this time. Questions from the committee?

Insurance & Commerce (House) — March 19, 2025 (1:42:48)

proceed with your presentation. Lisa Lake, AT&T. The committee today, Senate Bill 401, adds an exemption to the Underground Facilities Damage Prevention Act. The exception being added would clarify that a utility provider is able to hand dig with a shovel around their own terminal or pedestal in a very limited scope of 12 inches of their

Insurance & Commerce (House) — March 19, 2025 (1:42:31)

I'd like to request Lisa Lake from AT&T to please join me

Insurance & Commerce (House) — March 19, 2025 (1:41:55)

Yes, Mr. Chairman, I do. And which one is that? The Senate bill? Yep. Nope. Nope, leave it all there. Representative Edgar, District 71, here to present Senate Bill 401.

Insurance & Commerce (House) — March 19, 2025 (1:40:17)

They've worked with the largest, I guess, supplier of these in the state to come to agreed-upon language on how to operationally keep this available to the consumer, but mirror protections that we see in other areas. And with that, I welcome any questions. Representative Dalby, you're recognized. Why are we

Insurance & Commerce (House) — March 19, 2025 (1:39:47)

And the Securities Department is proposing amendments to the current Uniform Money Services Act regarding these kiosks and the data security requirements. It's supposed to strengthen these requirements, implement additional disclosure requirements on the operators. So they're not identical in how ATMs operate, but ATMs, as they currently operate, do have certain disclosures, limitations, and licensing requirements that we're trying to mirror for consumers who go into these facilities and then purchase Bitcoin through these terminals.

Insurance & Commerce (House) — March 19, 2025 (1:39:34)

Thank you. You may proceed. Thank you, Committee. This is a bill that's

Insurance & Commerce (House) — March 19, 2025 (1:39:39)

brought to our attention from an emerging market. We've seen the development of what is called Bitcoin kiosks that are available in several convenience stores.

Insurance & Commerce (House) — March 19, 2025 (1:38:52)

House Bill 1467, and I believe there's several members of the Department of Financial Services here that can come sit with me at the table, and I'd like to call them to the table now.

Insurance & Commerce (House) — March 19, 2025 (1:38:29)

That's fine. Thank you, Mr. Chairman, Committee, Representative Aker, District 71. I'd like to present

Insurance & Commerce (House) — March 19, 2025 (18:58)

If I could, I'd like to run 1321 as well and invite someone to

Insurance & Commerce (House) — March 19, 2025 (19:11)

with your testimony. Thank you, Mr. Chairman. Thank you, Committee.

Insurance & Commerce (House) — March 19, 2025 (18:55)

say no. Congratulations, you've passed your bill. Thank you, Mr. Chairman.

Insurance & Commerce (House) — March 19, 2025 (18:43)

Thank you, committee, and I'd appreciate a good vote.

Insurance & Commerce (House) — March 19, 2025 (18:20)

be happy to answer any questions. Thank you for your testimony. Any questions from the committee?

Meeting — March 20, 2025 (2:06:39)

The department has become aware of increased risks in this emerging new business associated with Bitcoin kiosks and proposes language to better protect consumers while allowing the legitimate operators of Bitcoin kiosks to operate. So essentially these operate similar to an ATM, however they don't have the same consumer protections and/or regulations. brings those into compliance with that. With that, I'll take any questions. Seeing none, I appreciate a good vote. Representative Acre

Meeting — March 20, 2025 (2:06:36)

Services concerning an emerging trend of Bitcoin kiosks.

Public Health, Welfare & Labor Committee (House) — March 20, 2025 (1:01:58)

We shouldn't hold a private hospital hostage for a million-dollar loss for another 15 years. while we ignore the real issue, which is Medicaid's underlying reimbursement. And with that, I am closed for my bill, and I appreciate a motion and a good vote. What's the will of the committee? If a motion do pass.