SB 387-FN (1990): relative to insurance of accounts, interstate banking, and other matters regarding financial institutions.

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@misc{bill-1990-sb387, title = {SB 387-FN (1990): relative to insurance of accounts, interstate banking, and other matters regarding financial institutions.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1990/sb387}, note = {Accessed 24 Oct. 2026} }

SB 387-FN (1990)

relative to insurance of accounts, interstate banking, and other matters regarding financial institutions.

  • Status: Signed into law
  • Term: 1989-1990
  • House committee: Commerce, Small Business and Consumer Affairs
  • Senate committee: Banks
  • Subject: Miscellaneous
  • Chapter law: 115

The Story

It was introduced on January 3, 1990 and referred to the Senate Banks committee. The committee held a public hearing on January 10, 1990. The committee recommended that the Senate pass it with changes. On January 30, 1990 the Senate voted to pass it with changes. It crossed to the House on February 6, 1990 and was referred to the House Commerce, Small Business and Consumer Affairs committee. The committee held a public hearing on March 7, 1990. The committee held a work session on March 12, 1990. The majority of the committee recommended that the House pass it with changes unanimously, 14–0, and the report was placed on the consent calendar. On March 27, 1990 the House voted to pass it with changes on a voice vote. On March 27, 1990 the House failed “Reconsider” on a voice vote, on a motion by Rep. Sherman Packard. On April 3, 1990 the Senate voted to agree to the other chamber's changes. The bill was enrolled on April 10, 1990 — the final check of the text before it goes to the governor. The governor signed it on April 13, 1990, making it Chapter 115 of the session laws. It took effect on April 13, 1990.

Sponsors

  • Sen. Blaisdell (SD10) (prime sponsor)

Hearings and Sessions

  • January 10, 1990, 9:00 AM: hearing, Senate Banks, RM 102,LOB
  • March 7, 1990, 10:00 AM: hearing, House Commerce, Small Business and Consumer Affairs, RM205-207,LOB
  • March 12, 1990, 1:00 PM: subcommittee work session, House Commerce, Small Business and Consumer Affairs, RM207,LOB

Votes

  • March 27, 1990, House: Ought to Pass with Amendment — voice vote, passed
  • March 27, 1990, House: Reconsider — voice vote, failed

The Docket

  • January 3, 1990: INTRODUCED AND REF TO BANKS
  • January 10, 1990: HEARING 1/10/90 9:00 RM 102,LOB FOR: BANKS
  • January 30, 1990: COMMITTEE REPORT OTPA
  • January 30, 1990: PASSED/ADOPTED WITH AM J 6, P 65
  • February 6, 1990: INTRODUCED AND REF TO COMMERCE, SM BUS & CONS AFFS; HJ29,P885
  • February 6, 1990: IN SEAT POCKET ON 02/06/90 DUE ON 03/29/90
  • March 7, 1990: HEARING MAR07 10:00 RM205-207,LOB FOR: COMMERCE
  • March 12, 1990: SUBCOMM WORK SESSION MAR12 01:00 RM207,LOB FOR: COMMERCE
  • March 15, 1990: MAJ REPORT OTP/AM FOR MAR27 (VOTE 14-0;CC)
  • March 26, 1990: PROP COMM AM; HC45,P1436
  • March 27, 1990: COMM AM, AA VV; PASSED WITH AM VV; HJ49,P1527-1528 + 1544
  • March 27, 1990: REP PACKARD MOVED TO RECONSIDER, ML VV; HJ49,P1544
  • April 3, 1990: SENATE CONC WITH HOUSE AM
  • April 3, 1990: ENROLLED; HJ60,P1709
  • April 10, 1990: ENROLLED:
  • April 13, 1990: SIGNED BY GOVERNOR 04/13/90 EFF: 04/13/90 CHAP.0115

Laws It Would Change

From the General Court