Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Regulatory Updates topic
No spam. Unsubscribe anytime.
Committee approves a bundle of agency regulation updates; several items renamed, technical edits adopted
Summary
The committee voted to approve a large series of regulatory updates — primarily agency name changes and non‑substantive edits — and approved a set of Board of Financial Institutions rule changes affecting record retention, dividends, and credit‑union rules. One environmental item was withdrawn and will be resubmitted.
The House Regulations, Administrative Procedures, Artificial Intelligence and Cybersecurity Committee approved a package of regulatory updates affecting multiple agencies, adopting changes that primarily rename agencies, clean up statutory cross‑references, or simplify outdated requirements.
What the committee approved: Committee staff read summaries and the subcommittee recommended approval for most items. Votes were recorded on individual documents; the transcript shows the committee approved the following (vote tallies copied from the roll calls recorded in the meeting):
- Document 25271 (Procurement and appraisal services — Conservation Bank). Vote: 7–0 (approved). - Document 53‑23 (Oil and gas exploration, drilling and production — updates agency name). Vote: 8–0 (approved). - Document 53‑24 (On‑site wastewater systems — agency name update). Vote: 8–0 (approved). - Document 53‑25 (Air pollution control regulations — agency name update). Vote: 8–0 (approved). - Document 53‑26 (Permits for construction in navigable waters — agency name update). Vote: 8–0 (approved). - Document 53‑28 (Bureau of Land and Water Management — agency name update). Vote: 8–0 (approved). - Document 53‑33 (Bureau of Water — agency name update). Vote: 8–0 (approved). - Document 53‑37 (Dams and reservoir safety — agency name update). Vote: 8–0 (approved). - Document 53‑43 (Mining Council of South Carolina — agency name update). Vote: 8–0 (approved).
Board of Financial Institutions items (52‑series):
- Document 52‑81 (Income and expense statements — repeal duplicative filing): Vote: 8–0 (approved). - Document 52‑83 (Authority to engage in activities authorized for federally chartered institutions — repeal): Vote: 8–0 (approved). - Document 52‑85 (Record retention for credit unions — new consolidated rule): Vote: 9–0 (approved). - Document 52‑86 (Declaration of dividends by state‑chartered credit unions — clarifies when board approval required): Vote: 9–0 (approved). - Document 52‑89 (Retention of bank records — simplify and conform to corporate/federal retention rules): Vote: 9–0 (approved). - Document 52‑90 (Electronic fund transfers — repeal outdated pilot reference): Vote: 9–0 (approved). - Document 52‑92 (State bank dividends — allow up to 100% of year‑to‑date net income without board approval): Vote: 9–0 (approved). - Document 52‑93 (Terms and conditions for state‑chartered credit unions — repeal): Vote: 9–0 (approved).
Withdrawn / resubmit: The committee also approved a motion to withdraw and resubmit Document 53‑27 (Bureau of Coastal Management) so the agency can align item numbers and code references with changes made in the prior legislative session; roll call: 8–0 in favor of withdrawal and resubmission.
Why it matters: Most items were non‑substantive housekeeping: they update agency names following a statutory split of DHEC into separate agencies and fix code references or remove outdated duplicative requirements. The Board of Financial Institutions package consolidates and simplifies record‑retention rules and reduces regulatory burden for banks and credit unions, and it clarifies dividend approval thresholds.
What was not changed: Committee members emphasized they vetted most items at subcommittee level and are not ‘‘rubber‑stamping’’ them; substantive items (for example, CSU licensing and the DPH restricted‑information regulation) were carried for further work.
Votes at a glance: The list above contains each formal roll call and outcome as recorded in the transcript; agencies are to implement changes after final administrative processing and any required publication.
