MA H1164

Bill

Relative to investments by fraternal benefit societies

Introduced
03/29/2021

In Committee
03/29/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to investments by fraternal benefit societies. Financial Services.

AI Summary

This bill amends Section 40 of Chapter 176 of the General Laws, which regulates investments by fraternal benefit societies. Specifically, it changes the limit on the amount of assets that fraternal benefit societies can invest in certain types of investments from "twenty-five per cent of such excess" to "10 per cent of assets". This modification provides more flexibility for fraternal benefit societies in managing their investment portfolios.

Committee Categories

Business and Industry

Sponsors (3)

Matt Muratore (R)*, David DeCoste (R), Susan Moran (D),

Last Action

No further action taken (on 01/03/2023)

Official Document

https://malegislature.gov/Bills/192/H1164

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H1164
Bill	https://malegislature.gov/Bills/192/H1164.pdf

Bill	Bill Name	Last Action	Type
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
H5134	Relative to insurance companies	Read; and referred to the committee on Senate Ways and Means	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
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
S692	Relative to the Massachusetts Credit Union Share Insurance Corporation	Accompanied a study order, see S2699	Similar To

Bill > H1164

MA H1164

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

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