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Bill > H22


MA H22

MA H22
Providing for statement of financial interests flexibility


summary

Introduced
02/27/2025
In Committee
12/15/2025
Crossed Over
Passed
Dead

Introduced Session

194th General Court

Bill Summary

So much of the recommendations of the Public Employee Retirement Administration Commission (House, No. 18) as relates to providing for statement of financial interests flexibility

AI Summary

This bill modifies provisions related to financial interest statements for retirement board members in Massachusetts. Specifically, the bill provides two key flexibilities: first, a retirement board member who serves less than 30 days in a given year will not be required to file a statement of financial interests for that year, which reduces administrative burden for short-term or departing board members. Second, the bill allows board members who have been removed from their position for failing to file a financial interest statement to petition the commission for a waiver of their removal and future board service exclusion, provided they subsequently file their statement by a date set by the commission. These changes aim to provide more nuanced and compassionate treatment of administrative compliance requirements for public board members, recognizing that strict enforcement can sometimes be overly punitive. The bill is declared an emergency law, suggesting an urgent need to implement these flexible provisions in the state's financial disclosure regulations.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (0)

No sponsors listed

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 12/15/2025)

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/194/H22
BillText https://malegislature.gov/Bills/194/H22.pdf
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