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Senate Appropriations advances technical financial regulation bill 8648
Summary
The Senate Appropriations committee advanced bill 8648, a Department of Financial Regulation housekeeping measure that makes technical edits to statutes governing banking, insurance and securities and updates three special funds; the committee voted to report the bill after a brief review.
The Senate Appropriations Committee on April 24 advanced bill 8648, a technical housekeeping measure from the Department of Financial Regulation that makes cross-reference and definition changes across banking, insurance and securities statutes, committee counsel Maria Monroe said.
Monroe told the committee the bill is largely technical and administrative. "This is the annual department kind of housekeeping bill," she said, and noted it contains 59 sections across 88 pages. She said most changes clarify terms, fix cross-references and consolidate language rather than add new authorities or program purposes.
Monr…
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