HB 1263 Mississippi House · 2026 Regular Session

Banks; modernize approval process for certain requirement related to.

HB 1263 streamlines banking regulations for Mississippi state-chartered banks and thrifts. It removes the need for Attorney General approval on bank charter renewals (sending them directly to the Secretary of State), clarifies when dividend approval is required (only if a bank is under corrective action, undercapitalized, or poses safety risks), eliminates commissioner approval for establishing or decommissioning electronic terminals (like ATMs), and authorizes banks to invest in community development projects and public welfare investments per federal standards. These changes reduce administrative hurdles while maintaining safety requirements for banks operating in Mississippi.

Bill status died 3 of 5 stages cleared

Introduction

Feb 2026

Committee Review

Feb 2026

House Passage

Feb 2026

Senate Passage

Governor

Introduced Feb 12, 2026 Last action Mar 3, 2026

Maddy AI version diff · 1 comparison

What changed between versions

As Introduced → Current version · 5 edits

MODERATE

This bill revision streamlines banking regulations by removing the Attorney General's approval requirement for charter amendments and clarifying dividend rules. It also updates definitions of electronic banking facilities and strengthens community investment provisions. The changes reduce regulatory burdens while maintaining oversight for risky financial situations.

Scope change

The bill's scope was reduced by eliminating the Attorney General's approval step for charter amendments, which previously added an extra layer of review before filings reached the Secretary of State.

REQUIREMENT

Eliminated the requirement for Attorney General approval when renewing or amending bank charters, allowing direct submission to the Secretary of State after Commissioner approval.

Clarified dividend rules by specifying that prior Commissioner approval is only required when specific risk conditions exist, rather than being a blanket requirement.

DEFINITION

Updated definitions of electronic terminals and interactive teller machines to better reflect modern banking technology and clarify what constitutes a branch for licensing purposes.

SCOPE

Changed Section 81-5-85 from being brought forward for possible amendment to being directly amended to conform to the act's provisions.

TECHNICAL

Fixed formatting inconsistencies in the bill text, including line breaks and spacing throughout the document.

Floor votes · House Feb 10, 2026

How they voted

96–20

Passed · 8 other

Total votes 124

Feb 10, 2026

D Democratic42

18 Yea 19 Nay 5

45% Nay

I Independent2

1 Yea 1

50% Yea

R Republican80

77 Yea 1 Nay 2

96% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Feb 19, 2026

Committee

Referred To Business and Financial Institutions

upper

Feb 12, 2026

Introduced

Transmitted To Senate

lower

Feb 10, 2026

Lower · Passed

Passed As Amended

lower

Feb 10, 2026

Lower · Passed

Amended

lower

Jan 29, 2026

Lower · Passed

Title Suff Do Pass As Amended

lower

Jan 19, 2026

Committee

Referred To Banking and Financial Services

lower

1 primary · 0 co-sponsors