SB 300 (2016): revising banking, credit union, and trust laws.

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“SB 300 (2016): revising banking, credit union, and trust laws.” Granite Record, https://graniterecord.org/bill/2016/sb300. Accessed 24 Oct. 2026.
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@misc{bill-2016-sb300, title = {SB 300 (2016): revising banking, credit union, and trust laws.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2016/sb300}, note = {Accessed 24 Oct. 2026} }

SB 300 (2016)

revising banking, credit union, and trust laws.

  • Status: Signed into law
  • Term: 2015-2016
  • House committee: Commerce and Consumer Affairs
  • Senate committee: Commerce
  • Subject: Banking and Finance
  • Chapter law: 230

The Story

It was introduced on January 6, 2016 and referred to the Senate Commerce committee. The committee held a public hearing on January 12, 2016. The committee voted unanimously, 5–0, to recommend that the Senate pass it, and the report was placed on the consent calendar. On January 21, 2016 the Senate voted to pass it on a voice vote and ordered it to a third reading. It crossed to the House on January 27, 2016 and was referred to the House Commerce and Consumer Affairs committee. The committee held a public hearing on April 5, 2016. The committee held work sessions on April 19, 2016 and April 26, 2016. The committee met in executive session on April 26, 2016 to vote on its recommendation. The committee voted unanimously, 20–0, to recommend that the House pass it with changes (amendment 2016-1477h), and the report was placed on the consent calendar. The committee's amendment (2016-1477h) was adopted on a voice vote on May 11, 2016, changing the text of the bill. On May 11, 2016 the House voted to pass it with changes on a voice vote. On May 19, 2016 the Senate voted to agree to the other chamber's changes on a voice vote, on a motion by Sen. Prescott. The bill was enrolled on June 1, 2016 — the final check of the text before it goes to the governor. The governor signed it on June 9, 2016, making it Chapter 230 of the session laws. It took effect on August 8, 2016.

Sponsors

Hearings and Sessions

  • January 12, 2016, 1:15 PM: hearing, Senate Commerce, SH 100
  • April 5, 2016, 10:00 AM: public hearing, House Commerce and Consumer Affairs, LOB 302
  • April 19, 2016, 10:00 AM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
  • April 26, 2016, 10:30 AM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
  • April 26, 2016, 1:15 PM: executive session, House Commerce and Consumer Affairs, LOB 302

Votes

  • January 21, 2016, Senate: Ought to Pass — voice vote, passed
  • May 11, 2016, House: Ought to Pass with Amendment 1477h — voice vote, passed
  • May 19, 2016, Senate: Concur with House Amendment # 1477h — voice vote, passed

The Docket

  • January 6, 2016: To Be Introduced 01/06/2016 and Referred to Commerce
  • January 12, 2016: Hearing: 01/12/2016, Room 100, SH, 01:15 pm; SC1
  • January 21, 2016: Committee Report: Ought to Pass, 01/21/2016; Vote 5-0; CC; SC2
  • January 21, 2016: Ought to Pass : MA, VV; OT3rdg; 01/21/2016
  • January 27, 2016: Introduced 01/27/2016 and referred to Commerce and Consumer Affairs
  • April 5, 2016: Public Hearing: 04/05/2016 10:00 AM LOB 302
  • April 19, 2016: Subcommittee Work Session: 04/19/2016 10:00 AM LOB 302
  • April 26, 2016: Subcommittee Work Session: 04/26/2016 10:30 AM LOB 302
  • April 26, 2016: Executive Session: 04/26/2016 01:15 PM LOB 302
  • May 11, 2016: Committee Report: Ought to Pass with Amendment #2016-1477h for 05/11/2016 (Vote 20-0; CC)
  • May 11, 2016: Amendment #2016-1477h : AA VV 05/11/2016
  • May 11, 2016: Ought to Pass with Amendment 1477h: MA VV 05/11/2016
  • May 19, 2016: Sen. Prescott Moved to Concur with House Amendment # 1477h, MA, VV; 05/19/2016
  • June 1, 2016: Enrolled 06/01/2016
  • June 1, 2016: Enrolled (In recess 06/01/2016)
  • June 9, 2016: Signed by the Governor on 06/09/2016; Chapter 0230; Effective 08/08/2016

Laws It Would Change

From the General Court