Modifies the allowable investments for certain financial institutions.

Enacted

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

Sponsor: Representative Gomberg
Last action: 2025-06-11
Official status: Chapter Number Assigned
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-06-11 House
Chapter 96, (2025 Laws): Effective date January 1, 2026.
2025-05-19 House
Governor signed.
2025-05-12 Senate
President signed.
2025-05-09 House
Speaker signed.
2025-05-08 Senate
Third reading. Carried by Taylor. Passed. Ayes, 26; Excused, 3--Linthicum, Smith DB, Starr.
2025-05-07 Senate
Carried over to 05-08 by unanimous consent.
2025-05-06 Senate
Recommendation: Do pass the A-Eng. bill.
2025-05-06 Senate
Second reading.
2025-04-29 Senate
Work Session held.
2025-04-24 Senate
Public Hearing held.
2025-04-15 Senate
First reading. Referred to President's desk.
2025-04-15 Senate
Referred to Labor and Business.
2025-04-14 House
Third reading. Carried by Gomberg. Passed. Ayes, 55; Excused, 4--Cate, Evans, Nguyen H, Walters; Excused for Business of the House, 1--Speaker Fahey.
2025-04-10 House
Second reading.
2025-04-09 House
Recommendation: Do pass with amendments and be printed A-Engrossed.
2025-04-03 House
Work Session held.
2025-03-27 House
Public Hearing held.
2025-01-17 House
Referred to Commerce and Consumer Protection.
2025-01-13 House
First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act changes how certain banks can invest money. The Act changes how public depositories compute their net worth. (Flesch Readability Score: 63.6).
Modifies the allowable investments for certain financial institutions.
Modifies the method of calculating the net worth of qualified depositories.
Relating to: Relating to financial institutions.
Current location: Chapter Number Assigned