SB 670-FN (1994): making technical corrections to the securities laws, relative to fees for securities registration, and reinstating the charter of the Union International Corporation.

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“SB 670-FN (1994): making technical corrections to the securities laws, relative to fees for securities registration, and reinstating the charter of the Union International Corporation.” Granite Record, https://graniterecord.org/bill/1994/sb670. Accessed 24 Oct. 2026.
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@misc{bill-1994-sb670, title = {SB 670-FN (1994): making technical corrections to the securities laws, relative to fees for securities registration, and reinstating the charter of the Union International Corporation.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1994/sb670}, note = {Accessed 24 Oct. 2026} }

SB 670-FN (1994)

making technical corrections to the securities laws, relative to fees for securities registration, and reinstating the charter of the Union International Corporation.

  • Status: Signed into law
  • Term: 1993-1994
  • House committee: Commerce, Small Business and Consumer Affairs
  • Senate committee: Banks
  • Subject: Banking and Finance
  • Chapter law: 388

The Story

It was introduced on January 5, 1994 and referred to the Senate Insurance committee. The Senate withdrew that referral and sent the bill to the Banks committee instead. The committee held a public hearing on February 15, 1994. The committee recommended that the Senate pass it with changes. On February 16, 1994 the Senate voted to pass it with changes on a division vote, then referred it on to the Senate Fin committee. The committee recommended that the Senate pass it. On March 22, 1994 the Senate voted to pass it on a voice vote. It crossed to the House and was referred to the House Commerce, Small Business and Consumer Affairs committee. The committee held public hearings on March 29, 1994 and April 7, 1994. The majority of the committee recommended that the House pass it with changes by a vote of 15–1, and the report was placed on the consent calendar. On April 19, 1994 the House voted to pass it with changes, then referred it on to the House Ways and Means committee. The committee held a public hearing on April 26, 1994. The majority of the committee recommended that the House pass it with changes by a vote of 12–5. On May 11, 1994 the House voted to pass it with changes on a voice vote, then referred it on to the House Appropriations committee. On May 11, 1994 the House adopted “Suspend Rules for hearing”, on a motion by Rep. Jasper & Trombly. The committee held a public hearing on May 12, 1994. The committee voted 13–2 to recommend that the House pass it with changes. On May 17, 1994 the House adopted “Suspend Rules for report”, on a motion by Rep. A Torr & Trombly. On May 17, 1994 the House voted to pass it with changes on a voice vote. On May 17, 1994 the Senate voted to agree to the other chamber's changes on a voice vote. An enrolled bill amendment () was adopted on May 26, 1994. These correct technical errors found after passage. The bill was enrolled on May 26, 1994 — the final check of the text before it goes to the governor — and an enrolled bill amendment (6674) was adopted to correct technical errors found after passage. The governor signed it on June 9, 1994, making it Chapter 388 of the session laws. It took effect on June 9, 1994.

Sponsors

  • Sen. Fraser (SD4) (prime sponsor)
  • Sen. Barnes (SD17)
  • Sen. Lamirande (SD1)
  • Sen. Disnard (SD8)
  • Sen. Baldizar (SD12)
  • Rep. Hunt (Ches 10)
  • Rep. Wells (Hills 16)

Hearings and Sessions

  • February 15, 1994, 10:00 AM: hearing, Senate Banks, RM103,LOB
  • March 29, 1994, 1:30 PM: hearing, House Commerce, Small Business and Consumer Affairs, RM207,LOB
  • April 7, 1994, 9:30 AM: hearing, House Commerce, Small Business and Consumer Affairs, RM207,LOB
  • April 26, 1994, 10:00 AM: hearing, House Ways and Means, RM304,LOB
  • May 12, 1994, 2:00 PM: hearing, House Appropriations, RM100,ST HOUSE

Votes

  • February 16, 1994, Senate: Ought to Pass with Amendment — division vote, passed
  • March 22, 1994, Senate: Ought to Pass — voice vote, passed
  • May 11, 1994, House: Ought to Pass with Amendment — voice vote, passed
  • May 17, 1994, House: Ought to Pass with Amendment — voice vote, passed
  • May 17, 1994, Senate: Concur — voice vote, passed

The Docket

  • January 5, 1994: INTRODUCED AND REF TO INSURANCE; SJ1,P17
  • January 20, 1994: VACATED TO BANKS, SEN DELAHUNTY MA VV; SJ2,P28-29
  • February 15, 1994: HEARING FEB15 10:00 RM103,LOB FOR:BANKS
  • February 15, 1994: COMM REPORT OTP/AM FEB16
  • February 15, 1994: PROP COMM AM<5186>; SC11,P6
  • February 16, 1994: COMM AM, AA VV; PASSED WITH AM AND REF TO FIN DIV; SJ7,P139
  • March 17, 1994: 03/17/94 INTRODUCED AND REF TO COMMERCE; HJ45,P1464
  • March 21, 1994: APPROP COMM REPORT OTP MAR22
  • March 22, 1994: PASSED VV; SJ9,P233 + 255
  • March 24, 1994: IN SEAT POCKET ON 03/24/94 DUE ON 04/14/94
  • March 29, 1994: HEARING MAR29 01:30 RM207,LOB FOR: COMMERCE
  • April 7, 1994: SUBCOM HEARING APR07 09:30 RM207,LOB FOR: COMMERCE
  • April 13, 1994: MAJ REPORT OTP/AM FOR APR19 (VOTE 15-1;CC)
  • April 13, 1994: PROP COMM AM<5895>(NEW TITLE); HC48,P1555-1556
  • April 19, 1994: PASSED WITH AM AND REF TO WAYS & MEANS; HJ53,P1701
  • April 26, 1994: HEARING APR26 10:00 RM304,LOB FOR: W&M
  • May 4, 1994: MAJ W&M REPORT OTP/AM FOR MAY11 (VOTE 12-5)
  • May 4, 1994: PROP COMM AM<6328>; HC60,P1929-1930
  • May 11, 1994: W&M AM, AA VV; PASSED WITH AM AND REF TO APPROP VV; HJ64,P2058-59
  • May 11, 1994: REPS JASPER & TROMBLY SUSP RULES FOR HEARING, MA 2/3VV;HJ64,P2063
  • May 12, 1994: HEARING MAY12 02:00 RM100,ST HOUSE FOR: APPROP
  • May 16, 1994: APPROP REPORT OTP/AM FOR MAY17 (VOTE 13-2)
  • May 16, 1994: PROP APPROP AM<6497>; HC63,P2025
  • May 17, 1994: REPS A TORR & TROMBLY SUSP RULES FOR REPORT, MA 2/3VV; HJ67,P2103
  • May 17, 1994: APPROP COMM AM, AA VV; PASSED WITH AM VV; 3RD READING MA VV; HJ67,P2103 + 2105
  • May 17, 1994: SEN CONC WITH HOUSE AM, SEN FRASER MA VV; SJ18,P504
  • May 26, 1994: ENROLLED AM, AM ADOPTED; SJ20,P602
  • May 26, 1994: ENROLLED AM<6674>, AM ADOPTED; HJ75,P2214-2215
  • May 26, 1994: ENROLLED; SJ20,P619
  • May 26, 1994: ENROLLED; HJ75,P2227
  • June 9, 1994: SIGNED BY GOVERNOR 06/09/94 EFF: 06/09/94* CHAP.0388

Laws It Would Change

From the General Court