TO CREATE THE DEPARTMENT OF FINANCIAL SERVICES WITHIN THE DEPARTMENT OF COMMERCE.
Senate Bill 229 proposes to establish a new Department of Financial Services within the existing Department of Commerce. This new department would consolidate the operations of the State Bank Department and the State Securities Department. The bill designates the current Bank Commissioner to serve as the Director of the newly formed Department of Financial Services. This aims to reorganize and combine state oversight of banking and securities activities.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
Senate Passage
Feb 2025
House Passage
Governor
Introduced Feb 13, 2025
Last action May 5, 2025
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
11
Key actions
3
Committee
2
Apr 3, 2025
Upper · Passed
Recommended for study in the Interim Committee on INSURANCE & COMMERCE - SENATE
upper
Feb 19, 2025
Upper · Passed
Read the third time and passed.
upper
Feb 18, 2025
Upper · Passed
Returned by the Committee, with the recommendation that it Do Pass
upper
Feb 13, 2025
Introduced
Filed
upper
2 primary · 0 co-sponsors
Sponsors
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