Authorizes additional supervision and regulation of mutual companies
Summary
Authorizes additional supervision and regulation of mutual companies relating to requiring members of a board of directors of a mutual company to complete training regarding the financial oversight, accountability and fiduciary responsibilities of a board member and the powers, functions and duties of a board of directors of a mutual company.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2022
Committee Review
Feb 2022
Assembly Passage
Jan 2022
Senate Passage
Feb 2022
Signed into Law
Feb 2022
Introduced Jan 11, 2022
Signed Feb 24, 2022
Floor votes · Senate Feb 2, 2022 · Assembly Jan 31, 2022
How they voted
44–18
Passed
Total votes 62
Feb 2, 2022
D
Democratic42
100% Yea
R
Republican20
90% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
12
Key actions
3
Committee
2
Feb 24, 2022
Signed into law
SIGNED CHAP.41
lower
Feb 2, 2022
Upper · Passed
PASSED SENATE
upper
Feb 1, 2022
Committee
REFERRED TO RULES
upper
Jan 31, 2022
Lower · Passed
PASSED ASSEMBLY
lower
Jan 11, 2022
Committee
REFERRED TO HOUSING
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Steven Cymbrowitz
DDemocratic
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