summary
Introduced
03/21/2024
03/21/2024
In Committee
04/30/2024
04/30/2024
Crossed Over
05/29/2024
05/29/2024
Passed
05/29/2024
05/29/2024
Dead
Signed/Enacted/Adopted
06/03/2024
06/03/2024
Introduced Session
2024 Regular Session
Bill Summary
CONCERNING THE CONTINUATION OF THE DIVISION OF FINANCIAL SERVICES IN THE DEPARTMENT OF REGULATORY AGENCIES, AND, IN CONNECTION THEREWITH, IMPLEMENTING THE RECOMMENDATIONS CONTAINED IN THE 2023 SUNSET REPORT BY THE DEPARTMENT OF REGULATORY AGENCIES.
AI Summary
This bill proposes the following key provisions:
This bill continues the Division of Financial Services in the Department of Regulatory Agencies as recommended by the 2023 sunset report. The bill extends the scheduled repeal of the Division of Financial Services from September 1, 2024 to September 1, 2033. The bill also allows credit unions to merge with credit unions chartered in other states if approved by the credit union board, the commissioner, and the federal National Credit Union Administration. Additionally, the bill makes various technical and clarifying changes to laws governing credit unions, savings and loan associations, and life care institutions.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (11)
Lorena García (D)*,
Chris Hansen (D)*,
Junie Joseph (D)*,
Chris Kennedy (D)*,
Cathy Kipp (D)*,
William Lindstedt (D)*,
Kyle Mullica (D)*,
Marc Snyder (D)*,
Matt Soper (R)*,
Eliza Hamrick (D),
Naquetta Ricks (D),
Last Action
Governor Signed (on 06/03/2024)
Official Document
bill text
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bill summary
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bill summary
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