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Panel moves bill to require banks to use calendar days when producing financial records
Summary
House Bill 91, which would change the statutory timeframe banks use to produce financial records from "business days" to "calendar days" to simplify compliance calculations, was moved favorable by the committee after industry testimony that calendar days are easier to compute.
The Louisiana House Committee on Commerce voted to report House Bill 91 favorably after industry witnesses told lawmakers the change would simplify compliance for banks.
Representative Thomas, the bill sponsor, described the measure as a one-word change: converting a statutory deadline calculated in "business days" to one…
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