SB 86 (2017): relative to the regulation of banks, trusts, and credit unions by the banking department.

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@misc{bill-2017-sb86, title = {SB 86 (2017): relative to the regulation of banks, trusts, and credit unions by the banking department.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2017/sb86}, note = {Accessed 24 Oct. 2026} }

SB 86 (2017)

relative to the regulation of banks, trusts, and credit unions by the banking department.

  • Status: Signed into law
  • Term: 2017-2018
  • House committee: Commerce and Consumer Affairs
  • Senate committee: Commerce
  • Subject: Banking and Finance
  • Chapter law: 209

The Story

It was introduced on January 19, 2017 and referred to the Senate Commerce committee. The committee held a public hearing on January 31, 2017. The committee voted unanimously, 5–0, to recommend that the Senate pass it with changes (amendment 2017-1049s), and the report was placed on the consent calendar. On March 29, 2017 the Senate adopted “Special Order SB 86 to the beginning of Thursday 03/30/2017 Calendar, Without Objection”. The committee recommended that the Senate pass it with changes (amendment 2017-1049s). The committee's amendment (2017-1049s) was adopted on a voice vote on March 30, 2017, changing the text of the bill. A floor amendment (2017-1170s), offered by Sen. Daniel Innis, was adopted on a voice vote on March 30, 2017, changing the text of the bill. On March 30, 2017 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. It crossed to the House and was referred to the House Commerce and Consumer Affairs committee. The committee held a public hearing on May 3, 2017. The committee held work sessions on May 9, 2017 and May 10, 2017. The committee met in executive session on May 17, 2017 to vote on its recommendation. The committee voted unanimously, 20–0, to recommend that the House pass it, and the report was placed on the consent calendar. On June 1, 2017 the House voted to pass it on a voice vote. The bill was enrolled on June 22, 2017 — the final check of the text before it goes to the governor — and an enrolled bill amendment (2017-2207e) was adopted on a voice vote to correct technical errors found after passage. The governor signed it on July 10, 2017, making it Chapter 209 of the session laws. It took effect on September 8, 2017.

Sponsors

Hearings and Sessions

  • January 31, 2017, 1:15 PM: hearing, Senate Commerce, SH 100
  • May 3, 2017, 10:30 AM: public hearing, House Commerce and Consumer Affairs, LOB 302
  • May 9, 2017, 1:20 PM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
  • May 10, 2017, 1:15 PM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
  • May 17, 2017, 11:00 AM: executive session, House Commerce and Consumer Affairs, LOB 302

Votes

  • March 30, 2017, Senate: Ought to Pass with Amendment s 2017-1049s and 2017-1170s — voice vote, passed
  • June 1, 2017, House: Ought to Pass — voice vote, passed

The Docket

  • January 19, 2017: Introduced 01/19/2017 and Referred to Commerce
  • January 31, 2017: Hearing: 01/31/2017, Room 100, SH, 01:15 pm
  • March 23, 2017: Introduced 03/23/2017 and referred to Commerce and Consumer Affairs
  • March 29, 2017: Committee Report: Ought to Pass with Amendment #2017-1049s , 03/29/2017; Vote 5-0; CC
  • March 29, 2017: Sen. Bradley Moved to Remove SB 86 from the Consent Calendar; 03/29/2017
  • March 29, 2017: Special Order SB 86 to the beginning of Thursday 03/30/2017 Calendar, Without Objection, MA; 03/29/2017
  • March 30, 2017: Committee Report: Ought to Pass with Amendment #2017-1049s , 03/30/2017
  • March 30, 2017: Committee Amendment #2017-1049s , AA, VV; 03/30/2017
  • March 30, 2017: Sen. Innis Floor Amendment #2017-1170s , AA, VV; 03/30/2017
  • March 30, 2017: Ought to Pass with Amendment s 2017-1049s and 2017-1170s, MA, VV; OT3rdg; 03/30/2017
  • May 3, 2017: Public Hearing: 05/03/2017 10:30 AM LOB 302
  • May 9, 2017: Subcommittee Work Session: 05/09/2017 01:20 PM LOB 302
  • May 10, 2017: Subcommittee Work Session: 05/10/2017 01:15 PM LOB 302
  • May 17, 2017: Executive Session: 05/17/2017 11:00 AM LOB 302
  • June 1, 2017: Committee Report: Ought to Pass for 06/01/2017 (Vote 20-0; CC)
  • June 1, 2017: Ought to Pass : MA VV 06/01/2017
  • June 8, 2017: Enrolled Bill Amendment #2017-2207e : AA VV 06/08/2017
  • June 8, 2017: Enrolled Bill Amendment #2017-2207e Adopted, VV, (In recess of 06/08/2017)
  • June 22, 2017: Enrolled 06/22/2017
  • June 22, 2017: Enrolled (In recess 06/22/2017)
  • July 10, 2017: Signed by the Governor on 07/10/2017; Chapter 0209; Effective 09/08/2017

Laws It Would Change

From the General Court