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The Beneficient Company Group Designated as Pilot for Kansas Technology Enabled Fiduciary Financial Institutions Act


The Beneficient Company Group Designated as Pilot for Kansas Technology Enabled Fiduciary Financial Institutions Act
New Kansas law aims to spur economic growth in the state
Company will commit capital and serve as pilot financial institution ahead of wider adoption
DALLAS, May 10, 2021 (GLOBE NEWSWIRE) The Beneficient Company Group, L.P. (“Ben”), a company serving the growing market of investors seeking liquidity for alternative assets, today announced its role as pilot under a new set of industry regulations enacted within the State of Kansas through the Technology Enabled Fiduciary Financial Institutions (TEFFI) Act. The legislation was signed into law on April 21, 2021 and will go into effect on July 1, 2021. The new law allows for the chartering and creation of trust banks known as TEFFIs, which in their capacity as fiduciaries will finance alternative assets held in Kansas trusts and provide qualified custodial and trustee services within the State of Kansa ....

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Louisiana House Passes Bill to Ban Private Funding of Election Admin


5 May 2021
The Republican-controlled Louisiana House of Representatives voted 69 to 35 on Tuesday to ban the private funding of election administration in the state. The bill now goes to the Louisiana State Senate for consideration.
Several states, including Arizona, Georgia, and Idaho have recently enacted laws to ban the private funding of election administration. The Florida State Legislature passed a bill banning the private funding of election administration last week, and Gov. Ron DeSantis (R-FL) is expected to sign that bill into law this week.
The language of House Bill 20, the bill passed on Tuesday by the Louisiana House, most closely resembles the language of the recently enacted Arizona law, which Phill Kline, executive director of the Amistad Project of the Thomas More Society, a public interest law firm, says is by far the strongest of the laws enacted so far in 2021 to ban the private funding of election administration: ....

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Kansas Politician Roughed Up Student After Bizarre Religious Rant: Report

Kansas State LegislatureA Kansas politician working as a substitute teacher at a public school shocked students with religious rants about suicide, masturbation, and same-sex relationships—and then assaulted one of them, according to reports.“Did it hurt?” State Rep. Mark Samsel asked the student after allegedly kneeing him in the crotch. The 36-year-old Republican is now charged with misdemeanor battery and barred from teaching again in the Wellsville school district, The Kansas City Star reported.But Samsel doesn’t seem to have any regrets. The newspaper says that after he posted $1,000 bail, he took to Snapchat to say “it was all planned.”“Every little bit of it. That’s right. The kids and I planned ALL this to SEND A MESSAGE about art, mental health, teenage suicide, how we treat our educators and one another. To who? Parents. And grandparents. And all of Wellsville,” he said in the bizarre post.Samsel did not respond t ....

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