The aim of this paper is to demonstrate the potential of integrating Bourdieu’s notions of field and capital in discursive analyses of language policy. The paper presents an analysis of a debate in a committee session of the Slovene parliament, where different actors negotiated about the contents of a language policy strategy. The study draws on nexus analysis by focussing on the situated nature of discursive actions in particular settings, and presents a historical ethnography which combines analysis of transcripts with interviews and a detailed examination of policy documents. The analysis uncovers the efforts of actors to legitimize their authority and achieve their goals with the support of capital accumulated in different fields, and focusses particularly on the dynamics involved in translating the value of sources of capital across the borders of different fields.