HB 406-FN (2025): relative to the formation of fraudulent businesses.

HB 406-FN (2025)

relative to the formation of fraudulent businesses.

• Status: Signed into law
• Term: 2025-2026
• House committee: Commerce and Consumer Affairs
• Senate committee: Commerce
• Subject: Business and Industry
• Chapter law: 185

The Story

It was introduced on January 9, 2025 and referred to the House Commerce and Consumer Affairs committee. The committee held a public hearing on January 23, 2025, with 3 people signed in online: 3 in support. The committee held a work session on March 12, 2025. The committee met in executive session on March 19, 2025 to vote on its recommendation. The committee voted unanimously, 16–0, to recommend that the House pass it with changes (amendment 2025-0960h), and the report was placed on the consent calendar. The committee's amendment (2025-0960h) was adopted on a voice vote on March 26, 2025, changing the text of the bill. On March 26, 2025 the House voted to pass it with changes on a voice vote. It crossed to the Senate on March 27, 2025 and was referred to the Senate Commerce committee. The committee held a public hearing on April 8, 2025. The committee voted unanimously, 5–0, to recommend that the Senate pass it, and the report was placed on the consent calendar. On May 8, 2025 the Senate voted to pass it on a voice vote and ordered it to a third reading. The bill was enrolled on June 26, 2025 — the final check of the text before it goes to the governor — and an enrolled bill amendment (2025-2872e) was adopted on a voice vote to correct technical errors found after passage. The governor signed it on July 15, 2025, making it Chapter 185 of the session laws.

Sponsors

• Rep. Luz Bay (D - Straf 21) (prime sponsor)
• Rep. John Hunt (R - Ches 14)
• Sen. Donovan Fenton (D - SD10)
• Rep. Jessica Grill (D - Hills 18)
• Rep. Anita Burroughs (D - Carr 2)

Hearings and Sessions

• January 23, 2025, 11:30 AM: public hearing, House Commerce and Consumer Affairs, LOB 302-304
• March 12, 2025, 10:00 AM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302-304
• March 19, 2025, 10:00 AM: executive session, House Commerce and Consumer Affairs, LOB 302-304
• March 26, 2025: consent calendar, House
• April 8, 2025, 10:45 AM: hearing, Senate Commerce, SH 100
• May 8, 2025: consent calendar, Senate

Votes

• March 26, 2025, House: Ought to Pass with Amendment 2025-0960h — voice vote, passed
• May 8, 2025, Senate: Ought to Pass — voice vote, passed

The Docket

Laws It Would Change

• RSA 5
• RSA 292:7
• RSA 293-A:1.30
• RSA 293-A
• RSA 293-A:1.40

From the General Court

• Bill text
• Bill status page
• Docket
• HC 17, page 7
• SC 16
• SC 20