AN ACT relating to delinquency proceedings involving insurer-members of federal home loan banks.
Summary
Amend KRS 304.33-030 to define terms and make technical corrections; create a new section of Subtitle 33 of KRS Chapter 304 for insurer delinquency proceedings relating to federal home loan bank security interests; amend KRS 304.33-050 and 304.33-170 to conform; amend KRS 304.33-240 to prohibit a liquidator from disavowing, rejecting, or repudiating certain security interests of federal home loan banks; amend KRS 304.33-290 to except certain transfers, or obligation to transfer, from insurer-members to federal home loan banks from being deemed fraudulent and avoidable; amend KRS 304.33-310 to prohibit a liquidator from avoiding preference under, or in connection with, certain federal home loan bank security interests.
Bill status
signed
all 5 stages cleared
Introduction
Dec 2021
Committee Review
Mar 2022
House Passage
Mar 2022
Senate Passage
Mar 2022
Signed into Law
Mar 2022
Introduced Dec 10, 2021
Signed Mar 30, 2022
Floor votes · House Jan 24, 2022
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
20
Key actions
8
Committee
5
Mar 30, 2022
Signed into law
signed by Governor (Acts Ch. 61)
lower
Mar 24, 2022
Upper · Passed
enrolled, signed by President of the Senate
upper
Mar 24, 2022
Lower · Passed
enrolled, signed by Speaker of the House
lower
Mar 23, 2022
Lower · Passed
3rd reading, passed 37-0
lower
Mar 22, 2022
Lower · Passed
passed over and retained in the Consent Orders of the Day
lower
Mar 1, 2022
Lower · Passed
reported favorably, 1st reading, to Consent Calendar
lower
Jan 27, 2022
Committee
to Banking & Insurance (S)
upper
Jan 25, 2022
Committee
to Committee on Committees (S)
upper
Jan 24, 2022
Lower · Passed
3rd reading, passed 89-0
lower
Jan 19, 2022
Lower · Passed
reported favorably, 1st reading, to Calendar
lower
Jan 18, 2022
Committee
to Banking & Insurance (H)
lower
Jan 4, 2022
Introduced
introduced in House
lower
Dec 10, 2021
Introduced
Prefiled by the sponsor(s).
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Joseph M. Fischer
RRepublican
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