HB 1161 (1990): granting the director of the office of securities regulation rulemaking authority to require surety bonds of more than $25,000 from broker-dealers, agents and investment advisors.
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- “HB 1161 (1990): granting the director of the office of securities regulation rulemaking authority to require surety bonds of more than $25,000 from broker-dealers, agents and investment advisors.” Granite Record, https://graniterecord.org/bill/1990/hb1161. Accessed 24 Oct. 2026.
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- Granite Record. “HB 1161 (1990): granting the director of the office of securities regulation rulemaking authority to require surety bonds of more than $25,000 from broker-dealers, agents and investment advisors.” Accessed 24 Oct. 2026. https://graniterecord.org/bill/1990/hb1161.
- BibTeX
@misc{bill-1990-hb1161, title = {HB 1161 (1990): granting the director of the office of securities regulation rulemaking authority to require surety bonds of more than $25,000 from broker-dealers, agents and investment advisors.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1990/hb1161}, note = {Accessed 24 Oct. 2026} }
HB 1161 (1990)
granting the director of the office of securities regulation rulemaking authority to require surety bonds of more than $25,000 from broker-dealers, agents and investment advisors.
- Status: Signed into law
- Term: 1989-1990
- House committee: Commerce, Small Business and Consumer Affairs
- Senate committee: Executive Departments
- Subject: Banking and Finance
- Chapter law: 58
The Story
It was introduced on January 3, 1990 and referred to the House Commerce, Small Business and Consumer Affairs committee. The committee held a public hearing on January 11, 1990. The majority of the committee recommended that the House pass it with changes unanimously, 15–0, and the report was placed on the consent calendar. On February 15, 1990 the House voted to pass it with changes. It crossed to the Senate on February 15, 1990 and was referred to the Senate Executive Departments committee. The committee held a public hearing on March 14, 1990. The committee recommended that the Senate pass it. On March 20, 1990 the Senate voted to pass it. The bill was enrolled on March 29, 1990 — the final check of the text before it goes to the governor. The governor signed it on April 6, 1990, making it Chapter 58 of the session laws. It took effect on June 5, 1990.
Sponsors
- Rep. Pantzer (Merr 11) (prime sponsor)
- Rep. McCain (Rock 11)
- Rep. Packard (Hills 15)
Hearings and Sessions
- January 11, 1990, 11:00 AM: hearing, House Commerce, Small Business and Consumer Affairs, RM207,LOB
- March 14, 1990, 9:00 AM: hearing, Senate Executive Departments, RM 101,LOB
The Docket
- January 3, 1990: INTRODUCED AND REF TO COMMERCE, SM BUS & CONS AFFS; HJ7,P235
- January 3, 1990: IN SEAT POCKET ON 1/3/90 DUE ON 2/8/90
- January 11, 1990: HEARING JAN11 11:00 RM207,LOB FOR: COMMERCE
- February 9, 1990: MAJ REPORT OTP/AM FOR FEB15 (VOTE 15-0;CC)
- February 13, 1990: PROP COMM AM; HC35,P1115
- February 15, 1990: PASSED WITH AM; HJ41,P1333 + 1378
- February 15, 1990: INTRODUCED AND REF TO EXEC. DEPART
- March 14, 1990: HEARING 3/14/90 9:00 RM 101,LOB FOR: EXEC. DEPART
- March 20, 1990: COMMITTEE REPORT OTP
- March 20, 1990: PASSED/ADOPTED
- March 29, 1990: ENROLLED; HJ51,P1586
- March 29, 1990: ENROLLED:
- April 6, 1990: SIGNED BY GOVERNOR 04/06/90 EFF: 06/05/90 CHAP. 0058