2/22/2024 Senate Committee on Banking and Financial Institutions

Banks and Financial Institutions · February 22, 2024

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38:37

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38:37

Opening and introductions

Presentation

0:00 → 1:12(1m 12s)

Chair called the Banks and Financial Institutions meeting to order, introduced new staff member Elizabeth Bennett (described as an administrative hire), and announced a slight change in order of speakers; committee prepared to begin with House Bill 1053.

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Speakers:Chair (Unidentified)

The Banks and Financial Institutions committee heard three bills including House Bill 1053 (a measure to bar state participation in Federal Reserve CBDC testing), a mortgage "trigger" consumer-protection bill, and House Bill 1018 (prohibiting use of a new merchant category code labeling gun stores). Lawmakers and industry groups spoke in favor of the CBDC ban; all three measures were moved and passed by unanimous voice vote in the hearing.

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