Committee sends bill directing DFS to study banking development districts

May 27, 2025

S.8199, sponsored by Sen. Sanders, would direct the Department of Financial Services to study the banking development district program and recommend improvements; the Banks Committee reported the bill out with no recorded opposition.

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The Senate Banks Committee reported S.8199, sponsored by Sen. Sanders, directing the Department of Financial Services to study the state’s banking development district program and issue recommendations to improve it.

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