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Committee sends bill directing DFS to study banking development districts
Summary
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.
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.
Sen. George Burrell moved the bill and the committee approved the motion by voice; the chair recorded the bill as reported out. No substantive debate or amendments are captured in the transcript excerpt.
The measure directs DFS to examine the program and propose improvements; further details and timelines will be developed as the bill moves through subsequent stages.
