Maddy summaryThis bill sets new lending limits for New Hampshire depository banks (commercial banks taking deposits). It prohibits banks from lending more than 20% of their capital and surplus to any single borrower, with a possible 25% limit if the excess loan is fully secured by U.S. government obligations meeting specific value requirements. The bill also requires new state banks to submit detailed 3-5 year capital and business plans for approval, including capital adequacy explanations and financial projections. Additionally, existing banks must seek commissioner approval before making major changes to their business plans within the first 3-5 years of operation. These changes aim to strengthen bank safety and soundness by controlling risk exposure.
Rep. Dan McGuire
Sponsored bills
Maddy summaryHB 1 is a state budget bill that allocates funding to specific state departments for the fiscal years ending June 30, 2026, and June 30, 2027. It directly affects state agencies by providing their operating budgets for these two fiscal periods. The bill authorizes the state to spend designated funds for departmental expenses, including personnel, operations, and programs. This routine appropriations measure was signed into law by Governor Ayotte on June 27, 2025, effective July 1, 2025.
Maddy summaryHB 88 clarifies that property held in a community property trust remains subject to creditors' claims, meaning debts can still be paid from this property. The bill ensures mortgages and other secured interests in trust property stay fully enforceable, and debts incurred by one spouse can be paid from that spouse's share of the trust or their other assets. Debts from both spouses during marriage may be satisfied using the shared trust assets. This directly affects married couples who establish such trusts, modifying how their shared property interacts with debt collection.
Maddy summaryHCR 10 is a symbolic resolution passed by the New Hampshire House of Representatives calling for the repeal of the federal Jones Act. This law requires that all goods shipped between U.S. ports be transported on vessels built, owned, and crewed by U.S. citizens. The resolution directs copies to the President, Congressional leaders, New Hampshire's congressional delegation, and the state governor to advocate for changing this federal law. It does not change the law itself but expresses New Hampshire's legislative support for repealing the Jones Act.