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Bill > LB251
NE LB251
NE LB251Adopt changes to federal law regarding banking and finance and change provisions regarding loan limits, branch banking, failing financial institutions, credit unions, surety bonds, and interest rates for damages payable to irrigation districts
summary
Introduced
01/14/2025
01/14/2025
In Committee
01/16/2025
01/16/2025
Crossed Over
02/05/2025
02/05/2025
Passed
03/06/2025
03/06/2025
Dead
Signed/Enacted/Adopted
03/12/2025
03/12/2025
Introduced Session
109th Legislature
Bill Summary
A BILL FOR AN ACT relating to banking and finance; to amend sections 8-113, 8-157, 8-226, 8-305, 8-1506, 21-1725.01, 21-1728, 44-708, 45-101.04, 45-190, 45-724, 59-1715, and 76-710.02, Reissue Revised Statutes of Nebraska, sections 8-135, 8-141, 8-143.01, 8-157.01, 8-183.04, 8-1,140, 8-318, 8-355, 8-1101, 8-1101.01, 8-1704, 8-1707, 8-2724, 8-2903, 8-3005, 8-3007, 21-17,102, 21-17,115, 59-1722, 69-2103, 69-2104, and 69-2112, Revised Statutes Cumulative Supplement, 2024, and section 4A-108, Uniform Commercial Code, Revised Statutes Cumulative Supplement, 2024; to adopt updates to federal law; to change provisions related to the use of certain words, loan limits, branch banking, securities, failing financial institutions, credit union branches, surety bonds, and interest rates for damages payable to irrigation districts; to define, redefine, and eliminate terms; to harmonize provisions; to repeal the original sections; and to declare an emergency.
AI Summary
This bill updates various provisions related to banking, finance, and financial regulations in Nebraska. The bill primarily focuses on technical amendments to existing statutes, including updating references to federal laws and regulations, modifying definitions, and making technical changes across multiple sections of Nebraska law. Key provisions include updating references to federal acts and regulations to reflect the most recent versions as of January 1, 2025, clarifying language around banking and financial institutions, and making minor modifications to regulations governing credit unions, digital asset depositories, securities, and financial transactions. The bill also includes provisions allowing entities with pending applications to use certain terms temporarily, such as "bank" or "credit union," while their applications are being processed. Additionally, the bill includes an emergency clause, meaning it would take effect immediately upon passage and approval.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Approved by Governor on March 11, 2025 (on 03/12/2025)
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://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59076 |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB251.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB251.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Engrossed/LB251.pdf |
| Enrollment and Review ST6 | https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/ST6.pdf |
| Enrollment and Review ER9 | https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/ER9.pdf |
| Analysis - Committee Statement | https://nebraskalegislature.gov/FloorDocs/109/PDF/CS/LB251.pdf |
| Fiscal Note for LB251 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB251_20250127-114427.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB251.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB251.pdf |
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