An Act expanding access to banking and commercial insurance for underserved microbusinesses and small businesses

This bill creates two new state study groups to address barriers in banking and insurance access for underserved small businesses. The Banking Access Working Group (Section 70) will analyze current programs, study other states' approaches, and recommend policies to improve access for microbusinesses and small businesses, particularly those facing racial, gender, or economic disparities. The Commercial Insurance Special Commission (Section 71) will conduct similar reviews focused specifically on commercial insurance access. Both groups, composed of diverse business owners, community leaders, and state agency representatives, must submit recommendations to the legislature by June 2026. The bill does not create new funding or regulations but aims to identify policy changes that could help small businesses better connect with financial services.