HB1719 • 2026

Prevention strategies on financial fraud; create a study committee.

AN ACT TO CREATE A STUDY COMMITTEE TO STUDY PREVENTION STRATEGIES ON FINANCIAL FRAUD AND OTHER RELATED SCAMS, IMPROVE INVESTOR EDUCATION, AND RECOMMEND CERTAIN SOLUTIONS; AND FOR RELATED PURPOSES.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Yancey
Last action: 2026-03-17
Official status: Law
Effective date: Passage

Plain English Breakdown

The exact solutions and prevention strategies recommended by the study committee are not specified in the bill.

Creating a Study Committee for Financial Fraud Prevention

This law creates a study committee to investigate ways to prevent financial fraud, educate investors, and recommend solutions.

What This Bill Does

Creates a study committee with twelve members from various government departments and private sector organizations.
Requires the committee to meet within thirty days after the law is passed.
Gives the committee power to elect leaders and make rules for how they will work together.
Allows state agencies and local governments to provide facilities, assistance, information, and data at the request of the study committee.
Sets a deadline of January 1, 2027, for when the study committee must end its work.

Who It Names or Affects

Members of the Mississippi Legislature who will appoint some of the committee members.
State agencies and local governments that may be asked to provide information or help.
Investors and people affected by financial fraud, as the committee's findings could lead to new ways to protect them.

Terms To Know

Study Committee: A group of people chosen to look into a specific topic and make recommendations based on their research.
Quorum: The minimum number of members needed for the committee to meet and make decisions.

Limits and Unknowns

It is not clear what specific solutions or prevention strategies will be recommended by the study committee.
The law does not specify how much funding will be provided for the committee's work.

Bill History

2026-03-17 Mississippi Legislative Bill Status System
03/17 Approved by Governor
2026-03-11 Mississippi Legislative Bill Status System
03/11 (S) Enrolled Bill Signed
2026-03-11 Mississippi Legislative Bill Status System
03/11 (H) Enrolled Bill Signed
2026-03-09 Mississippi Legislative Bill Status System
03/09 (H) Concurred in Amend From Senate
2026-03-05 Mississippi Legislative Bill Status System
03/05 (S) Returned For Concurrence
2026-03-04 Mississippi Legislative Bill Status System
03/04 (S) Passed As Amended
2026-03-04 Mississippi Legislative Bill Status System
03/04 (S) Amended
2026-03-02 Mississippi Legislative Bill Status System
03/02 (S) Title Suff Do Pass As Amended
2026-02-16 Mississippi Legislative Bill Status System
02/16 (S) Referred To Business and Financial Institutions
2026-02-05 Mississippi Legislative Bill Status System
02/05 (H) Transmitted To Senate
2026-02-04 Mississippi Legislative Bill Status System
02/04 (H) Passed
2026-02-04 Mississippi Legislative Bill Status System
02/04 (H) Committee Substitute Adopted
2026-01-28 Mississippi Legislative Bill Status System
01/28 (H) Title Suff Do Pass Comm Sub
2026-01-19 Mississippi Legislative Bill Status System
01/19 (H) Referred To Business and Commerce

Official Summary Text

Prevention strategies on financial fraud; create a study committee.

Current Bill Text

Read the full stored bill text

H. B. No. 1719 *HR43/R2106SG* ~ OFFICIAL ~ G1/2
26/HR43/R2106SG
PAGE 1 (BS\KP)

To: Business and Commerce
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026

By: Representative Yancey

HOUSE BILL NO. 1719
(As Sent to Governor)

AN ACT TO CREATE A STUDY COMMITTEE TO STUDY PREVENTION 1
STRATEGIES ON FINANCIAL FRAUD AND OTHER RELATED SCAMS, IMPROVE 2
INVESTOR EDUCATION, AND RECOMMEND CERTAIN SOLUTIONS; AND FOR 3
RELATED PURPOSES. 4
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 5
SECTION 1. (1) There is created a study committee for the 6
purpose of studying prevention strategies on financial fraud and 7
other related scams, improve investor education, and for the 8
purpose of recommending solutions. The committee shall be 9
comprised of the following twelve (12) members: 10
(a) One (1) member of the Senate, or the member's 11
designee, to be appointed by the Lieutenant Governor; 12
(b) One (1) member of the House of Representatives, or 13
the member's designee, to be appointed by the Speaker of the House 14
of Representatives; 15
(c) The Secretary of State, or a designee; 16
(d) The Attorney General, or a designee; 17
(e) The Commissioner of the Department of Banking and 18
Consumer Finance, or a designee; 19
H. B. No. 1719 *HR43/R2106SG* ~ OFFICIAL ~
26/HR43/R2106SG
PAGE 2 (BS\KP)

(f) The Executive Director of the Department of Human 20
Services, or a designee; 21
(g) The Commissioner of the Insurance Department, or a 22
designee; 23
(h) The Superintendent of Education, or a designee; 24
(i) The Executive Director of the Veteran's Affairs 25
Office, or a designee; 26
(j) The Executive Director of the Mississippi 27
Department of Information Technology Services, or a designee; 28
(k) The State Auditor, or a designee; and 29
(l) The President of the Mississippi Bankers 30
Association, or a designee. 31
(2) Appointments to the study committee shall be made within 32
thirty (30) days of the effective date of this act. At the first 33
meeting, the committee shall elect from among its membership a 34
chairman, a vice chairman and any other officers determined to be 35
necessary, and shall adopt rules for transacting business and 36
keeping records. 37
(3) A majority of the members of the study committee shall 38
constitute a quorum. In the adoption of rules, resolutions and 39
reports, and in the election of a chairman, vice chairman and any 40
other officers determined to be necessary, an affirmative vote of 41
a majority of the members present shall be required. 42
(4) The Secretary of State shall provide the staff and other 43
support necessary for the study committee to perform its duties. 44
H. B. No. 1719 *HR43/R2106SG* ~ OFFICIAL ~
26/HR43/R2106SG
PAGE 3 (BS\KP)
ST: Prevention strategies on financial fraud;
create a study committee.
(5) To effectuate the purposes of this act, any department, 45
division, board, bureau, committee, institution or agency of the 46
state, or any political subdivision thereof, shall, at the request 47
of the chairman of the study committee, provide the facilities, 48
assistance, information and data needed to enable the study 49
committee to carry out its duties. 50
(6) The study committee shall be dissolved on or before 51
January 1, 2027. 52
SECTION 2. This act shall take effect and be in force from 53
and after its passage. 54