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Bill > SB2007


MS SB2007

MS SB2007
MS Dept. of Banking and Consumer Finance; delete repealer authorizing periodic joint-bank exams with the Federal Reserve.


summary

Introduced
01/06/2026
In Committee
02/06/2026
Crossed Over
02/04/2026
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

An Act To Amend Section 81-1-81, Mississippi Code Of 1972, To Delete The Repealer On The Authority Of The Mississippi Department Of Banking And Consumer Finance To Conduct Periodic Joint-bank Examinations With The Federal Reserve; And For Related Purposes.

AI Summary

This bill extends the authority of the Mississippi Department of Banking and Consumer Finance to conduct periodic joint bank examinations with the Federal Reserve. Specifically, it removes a sunset provision that would have ended this joint examination authority on July 1, 2026, pushing the repeal date to July 1, 2030, meaning the department can continue to collaborate with the Federal Reserve on examining certain bank holding companies, particularly those with significant assets, for an additional four years.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred To Banking and Financial Services (on 02/06/2026)

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