CS/HB 1549: Financial Institutions
GENERAL BILL by Insurance & Banking Subcommittee ; Maggard
Financial Institutions; Requires state financial institutions to pay semiannual assessment for specified time periods; requires that semiannual assessment be received by Office of Financial Regulation in specified manner & by specified dates; authorizes office to issue specified certificate; authorizes elected officer, director, or committee member of credit union to be reimbursed for certain expenses; revises timeframe for certain requirements by directors of proposed bank or trust company; revises timeframe within which bank or trust company corporation is required to open & conduct specified business.
Last Action: 4/2/2025 House - Added to Second Reading Calendar
Bill Text: PDF
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Bill History
Date Chamber Action 2/28/2025 House • Filed
3/4/2025 House • 1st Reading (Original Filed Version)
3/5/2025 House • Referred to Insurance & Banking Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
3/18/2025 House • Added to Insurance & Banking Subcommittee agenda
3/20/2025 House • Favorable with CS by Insurance & Banking Subcommittee
3/21/2025 House • Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
3/24/2025 House • 1st Reading (Committee Substitute 1)
• Referred to Commerce Committee
• Now in Commerce Committee
3/27/2025 House • Added to Commerce Committee agenda
3/31/2025 House • Favorable by Commerce Committee
4/2/2025 House • Reported out of Commerce Committee
• Bill released to House Calendar
• Added to Second Reading Calendar
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CS/HB 1549, Committee Substitute 1 (Current Bill Version) Posted 3/21/2025 at 4:32 PM
Bill Text: PDF Analyses: Commerce Committee (Post-Meeting) 4/2/2025 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1612 (c1) Financial Institutions Grall Identical Last Action: 4/7/2025 S On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 04/10/25, 11:00 am, 412 Knott Building 
Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 655.047 Assessments; financial institutions. Page 2 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 3 (pdf) 657.002 Definitions. Page 4 (pdf) 657.028 Activities of directors, officers, committee members, employees, and agents. Page 4 (pdf) 657.043 Reserves. Page 5 (pdf) 658.235 Subscriptions for stock; approval of major shareholders. Page 6 (pdf) 658.25 Opening for business. Page 6 (pdf) -
HB 1549, Original Filed Version Posted 2/28/2025 at 4:05 PM
Bill Text: PDF Analyses: Insurance & Banking Subcommittee (Post-Meeting) 3/24/2025 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1612 (c1) Financial Institutions Grall Similar Last Action: 4/7/2025 S On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 04/10/25, 11:00 am, 412 Knott Building
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 131563 - Amendment
Remove lines 92-120 and insert:Maggard 3/19/2025
5:06 PMAdopted without Objection
3/20/2025PDF Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 655.047 Assessments; financial institutions. Page 2 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 3 (pdf) 657.002 Definitions. Page 4 (pdf) 657.042 Investment powers and limitations. Page 4 (pdf) 657.043 Reserves. Page 5 (pdf) 658.235 Subscriptions for stock; approval of major shareholders. Page 6 (pdf) 658.25 Opening for business. Page 6 (pdf)