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Vermont House Commerce & Economic Development organizes for biennium, reappoints committee clerk by voice vote
Summary
The Vermont House Committee on Commerce and Economic Development met Jan. 9 to organize for the new biennium, review its jurisdiction (including captive insurance and a pending data-privacy bill), confirm a committee clerk by voice vote and outline upcoming hearings.
The Vermont House Committee on Commerce and Economic Development convened Thursday, Jan. 9, 2025, to organize for the new biennium, confirm its committee clerk by voice vote and review its jurisdiction and upcoming schedule.
Rep. Mike Marcotte of Coventry, chair of the committee, opened the meeting and urged members to focus on substantive work. "I ask you all to leave your letters at the door and come in here and work for Vermonters," Marcotte said, introducing the committee's portfolio and procedures.
The committee heard a summary of its jurisdiction from Marcotte, who said the panel oversees the Department of Financial Regulation, which handles securities, banking and all insurance except health insurance, and noted Vermont's role in captive insurance. "It brings in all 25, $30,000,000 a year, and…
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