LC 674 Legislature · 2025 Regular Session

Generally revise laws regarding the banking commission and the state auditor

This bill reorganizes Montana's financial regulatory structure by placing the Division of Banking and Financial Institutions under the supervision of the State Auditor, consolidating oversight of securities, insurance, and banking into one office. The legislation creates a new Commissioner of Securities, Insurance, and Banking and Financial Institutions who will be appointed by the State Auditor, replacing the previous separate Banking Commission. Additionally, the bill updates which state committees have oversight authority over these financial agencies, ensuring the State Auditor's office now reviews rules and evaluates programs related to banking and financial institutions. These changes affect state government structure, financial regulators, and the committees that monitor their work.
Bill status introduced 1 of 4 stages cleared
Introduction
Oct 2024
Committee Review
Floor Vote
Governor
Introduced Oct 30, 2024 Last action Feb 18, 2025
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