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House passes resolution opposing federal banking reporting rule and delays UI rate increases
Summary
The House unanimously approved HCR 201 urging Congress to block a proposed federal rule on bank transaction reporting and passed HB 2002 to smooth unemployment insurance rate increases after the pandemic-era formula sunset; both measures passed and will be transmitted to the Senate.
The Utah House unanimously approved a concurrent resolution (HCR 201) urging Congress and the president to oppose a proposed federal rule that would require financial institutions to report account transaction data for accounts with aggregate annual transactions in a specified range. The resolution passed by voice/record 73 yes, 0 no and will be transmitted to the Senate.
The sponso…
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