MA S692

Bill

MA S692

Relative to the Massachusetts Credit Union Share Insurance Corporation

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to the Massachusetts Credit Union Share Insurance Corporation. Financial Services.

AI Summary

This bill amends the law governing the Massachusetts Credit Union Share Insurance Corporation (MCUSIC). It allows MCUSIC to make investments not specifically enumerated in the existing law, up to 15% of its assets, with investment in any single issuer not exceeding 5% of its total assets. It also allows MCUSIC to authorize investment advisers registered under the Investment Advisers Act of 1940 to acquire or dispose of investments for the corporation, with the percentage of assets authorized to be determined by the Commissioner of Banks, who may also increase, modify, curtail, or rescind MCUSIC's authority to make such investments.

Committee Categories

Business and Industry

Sponsors (1)

Eric Lesser (D)*,

Last Action

Accompanied a study order, see S2699 (on 02/17/2022)

Official Document

https://malegislature.gov/Bills/192/S692

(10 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S692
Bill	https://malegislature.gov/Bills/192/S692.pdf

Bill	Bill Name	Last Action	Type
H1164	Relative to investments by fraternal benefit societies	No further action taken	Similar To
H1361	Relative to higher education capital investment in gateway cities	Accompanied a study order, see H5174	Similar To
H2890	Providing for climate change adaptation infrastructure and affordable housing investments in the Commonwealth	Accompanied a study order, see H5351	Similar To
H3292	Achieving a green future with infrastructure and workforce investments	No further action taken	Similar To
H3388	Relative to investments in tourism and visitation marketing and promotion	Accompanied a study order, see H4967	Similar To
H860	Promoting equity in agriculture	Accompanied a new draft, see S2880	Similar To
S1364	Authorizing certain investments by the Treasurer of the town of Milton	Signed by the Governor, Chapter 60 of the Acts of 2021	Similar To
S1765	Relative to the cost of living adjustment for public retirees	Accompanied a study order, see S2679	Similar To
S2699	Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to banking issues	Discharged to the committee on Senate Rules	Replaced by
S31	Authorizing certain investments by the Treasurer of the town of East Bridgewater	Signed by the Governor, Chapter 13 of the Acts of 2021	Similar To

Bill > S692

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary