Relating to public banks.
Summary
Provides that local government may not become stockholder in or loan credit to or in aid of municipal bank. Provides that municipal bank is not required to obtain deposit insurance from Federal Deposit Insurance Corporation under certain conditions. Provides that municipal bank may act as depository or custodian of public funds under certain conditions.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 11, 2021
Last action Jun 27, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
2
Jun 27, 2021
Lower · Passed
In committee upon adjournment.
lower
Jan 20, 2021
Committee
Referred to Business and Labor.
lower
Jan 11, 2021
Introduced
First reading. Referred to Speaker's desk.
lower
2 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Lew Frederick
DDemocratic
P
Michael Dembrow
DDemocratic
Co
Jeff Golden
DDemocratic
Co
Julie Fahey
DDemocratic
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