Rep. Shaw says HB29 narrows bill to clarify banking regulator authority and remove payment provisions

Representative Shaw told the committee that HB29 was being pared down to separate out multiple policy changes and to clarify which regulator oversees banking matters. "Essentially what it does is it removes the section about the government state government dealing statements ... references clean it up and lock in banking department regulator for banking make sure there's no ambiguity there," Shaw said, describing the amendment as removing a confusing chunk about payments and pointing to official bank regulators as the appropriate authority.

The bill sponsor said the prior version had grown into several policy choices bundled together and that splitting the measures would make them clearer. "They're really multiple. It ended up in a really long amendment which confusing," Shaw said, and thanked members for follow-up work with staff.

Representative Whit thanked the sponsor and staff for revisions and indicated he would move for a favorable report "at the appropriate time," praising the approach as splitting distinct policy issues. The chair called for and recorded a voice vote after a motion and second, and the transcript shows the committee moved the measure forward. The transcript records the committee giving "HP 259" a favorable report and later references final passage "of the HP 259 as substituted," but it does not include roll-call vote tallies or the name of the seconder.

Because the transcript uses different bill identifiers in nearby lines (HB29, HP259, HP 259 as substituted), the record here follows the wording as spoken and notes that the committee recorded voice approval; the numeric vote tally was not specified in the transcript.

The committee proceeded to the next agenda items after the favorable report.