Substitute for HB 2152 by Committee on Financial Institutions and Pensions - Mandating financial institutions to secure governmental unit deposits in excess of the amount insured or guaranteed by the FDIC by utilizing a public moneys pooled method of securities, prohibiting investment advisers that execute bids for the investment of public moneys from managing moneys directly from such bid, allowing governmental unit deposits to be invested at a rate agreed upon by the governmental unit and the financial institution, requiring certification from a governmental unit that deposits in the municipal investment pool fund were first offered to a financial institution in the preceding year and allowing financial institutions to file complaints upon the failure to comply.

Passed on 4/10/25

Summary

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Sponsors

0
0
Democratic CaucusRepublican Caucus

Roll Call Votes

117 Yea

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5 Nay

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3 Absent

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Calendar

Feb 3, 2025

9:00 AM

House Financial Institutions and Pensions Hearing

Mar 13, 2025

9:30 AM

Senate Financial Institutions and Insurance Hearing