SB 394 (2006): establishing the Trust Modernization and Competitiveness Act.

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@misc{bill-2006-sb394, title = {SB 394 (2006): establishing the Trust Modernization and Competitiveness Act.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2006/sb394}, note = {Accessed 24 Oct. 2026} }

SB 394 (2006)

establishing the Trust Modernization and Competitiveness Act.

  • Status: Signed into law
  • Term: 2005-2006
  • House committee: Commerce
  • Senate committee: Judiciary
  • Subject: Miscellaneous
  • Chapter law: 320

The Story

It was introduced on January 4, 2006 and referred to the Senate Judiciary committee. The committee held a public hearing on January 26, 2006. The committee recommended that the Senate pass it with changes (amendment 1377). The committee's amendment (1377) was adopted on a voice vote on March 22, 2006, changing the text of the bill. On March 22, 2006 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. On March 22, 2006 the Senate voted to pass it. It crossed to the House on March 28, 2006 and was referred to the House Commerce committee. The committee held a public hearing on April 4, 2006. The committee held work sessions on April 11, 2006 and April 18, 2006. The committee voted unanimously, 20–0, to recommend that the House pass it with changes (amendment 1927h). The committee's amendment (1927h) was adopted on a voice vote on April 26, 2006, changing the text of the bill. On April 26, 2006 the House voted to pass it with changes on a voice vote. On May 11, 2006 the Senate adopted “Sen. Foster Concur with House Amendment” on a voice vote. An enrolled bill amendment (2386) was adopted on a voice vote on May 24, 2006. These correct technical errors found after passage. The bill was enrolled on May 24, 2006 — the final check of the text before it goes to the governor — and an enrolled bill amendment (2386) was adopted to correct technical errors found after passage. The governor signed it on June 20, 2006, making it Chapter 320 of the session laws. It took effect on August 19, 2006.

Sponsors

Hearings and Sessions

  • January 26, 2006, 2:00 PM: hearing, Senate Judiciary, SH 103
  • April 4, 2006, 1:15 PM: public hearing, RM302/LOB
  • April 11, 2006, 11:00 AM: subcommittee work session, RM302/LOB
  • April 18, 2006, 11:00 AM: subcommittee work session, RM302/LOB

Votes

  • March 22, 2006, Senate: Ought to Pass with Amendment — voice vote, passed
  • April 26, 2006, House: Ought to Pass with Amendment — voice vote, passed
  • May 11, 2006, Senate: Sen. Foster Concur with House Amendment — voice vote, passed

The Docket

  • January 4, 2006: Introduced and Referred to Judiciary
  • January 26, 2006: Hearing; January 26, 2006, Room 103, State House, 2:00 p.m.; SC2
  • March 15, 2006: Committee Report; Ought to Pass with Amendment{1377}[03/22/06]; SC11, Pg.23-58
  • March 22, 2006: Committee Amendment{1377}, AA, VV
  • March 22, 2006: Ought to Pass with Amendment{1377}, MA, VV; OT3rdg
  • March 22, 2006: Passed by Third Reading Resolution
  • March 28, 2006: Introduced and ref Commerce
  • April 4, 2006: Public Hearing April 4 1:15 RM302/LOB
  • April 11, 2006: Subcommittee Work Session April 11 11:00 RM302/LOB
  • April 18, 2006: Subcommittee Work Session April 18 11:00 RM302/LOB
  • April 20, 2006: ===CANCELLED===Subcommittee Work Session April 20 11:00 RM302/LOB
  • April 20, 2006: Comm Rprt: OTP/AM {1927h} April 26 (vote 20-0; Reg Cal) HC34, pg 1821
  • April 26, 2006: Comm AM {1927h}, AA, VV
  • April 26, 2006: Passed with AM {1927h}, MA, VV
  • May 11, 2006: Sen. Foster Concur with House Amendment{1927}, MA, VV
  • May 24, 2006: Enrolled Bill Amendment {2386}, Adopted VV
  • May 24, 2006: Enrolled Bill Amendment{2386}, Adopted
  • May 24, 2006: Enrolled
  • May 24, 2006: Enrolled
  • June 20, 2006: Signed by the Governor on 06/20/06; Eff. Date 08/19/06, Chapter 0320

Laws It Would Change

From the General Court