summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation to establish a special task force (including members of the General Court) to review and report on the financial impact of financial technology operations and current bank charter regulations. Financial Services.
AI Summary
This bill establishes a special task force to review and report on the financial impact of Financial Technology (FinTech) operations and current bank charter regulations in Massachusetts. The task force will consist of 9 members, including legislators, representatives from the Massachusetts Technology Collaborative and MassChallenge, and appointees from the Massachusetts Commissioner of Banks and the Massachusetts Bankers Association. The task force will identify relevant laws and regulations, key banking developments that would benefit Massachusetts citizens, require the Division of Banks to submit reports to the legislature, and develop recommendations to better integrate FinTech in the state. The task force is required to submit a report, including any proposed legislation and regulations, to the legislature within 12 months of the bill's passage.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
Accompanied a study order, see H4705 (on 06/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H1051 |
| BillText | https://malegislature.gov/Bills/193/H1051.pdf |
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