Relates to the effectiveness of certain provisions of the banking law
This bill extends the expiration date for specific banking law provisions from September 10, 2024, to September 10, 2029. It directly affects banks, trust companies, credit unions, and other financial institutions by allowing them to continue exercising certain powers previously granted under national banking laws. The key mechanism is an amendment to existing statutes that delays their repeal while ensuring any rules already approved under these powers remain in effect after the date change. Ultimately, the legislation provides long-term stability for these financial regulations without altering their core content.
Bill status
signed
all 5 stages cleared
Introduction
May 2024
Committee Review
May 2024
Assembly Passage
May 2024
Senate Passage
May 2024
Signed into Law
Aug 2024
Introduced May 2, 2024
Signed Aug 28, 2024
Floor votes · Senate May 28, 2024 · Assembly May 15, 2024
How they voted
58–0
Passed · 4 other
Total votes 62
May 28, 2024
D
Democratic41
92% Yea
R
Republican21
95% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
12
Key actions
3
Committee
2
Aug 28, 2024
Signed into law
SIGNED CHAP.254
lower
May 28, 2024
Upper · Passed
PASSED SENATE
upper
May 15, 2024
Committee
REFERRED TO BANKS
upper
May 15, 2024
Lower · Passed
PASSED ASSEMBLY
lower
May 2, 2024
Committee
REFERRED TO BANKS
lower
1 primary · 3 co-sponsors
Sponsors
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