l9n/ Connecticut

2003 Regular Session

Senate Bill 985

AN ACT CONCERNING BANK AND CREDIT UNION TRANSACTIONS.

Became law as Public Act 03-196, signed June 26, 2003, 120 days after it was filed.

What it does

The synopsis the General Assembly published with the bill.

To update the application and examination fees charged by the Department of Banking; to make the requirements governing the conversion of mutual institutions to stock form similar to the requirements of the Office of Thrift Supervision; to permit branch consolidations and simplify the procedures for branch and main office relocations and the establishment of certain branches by requiring notice to the commissioner instead of an application; to clarify, and eliminate overlap in, the provisions concerning the sale of assets of Connecticut-chartered banks and credit unions; to increase the amount of eligible collateral that is required to be maintained by a qualified public depository that is an uninsured bank or a bank or credit union under a supervisory order or agreement; to replace one of the criteria for disapproval of a branch of a Connecticut credit union with a more appropriate criterion; to authorize Connecticut credit unions to establish and close mobile branches; to require the commissioner's approval for an out-of-state credit union's expansion of its field of membership in Connecticut; and to include a provision regarding the effective date of a merger involving a Connecticut credit union.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

Its course

February 26 to June 26, 2003, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action33 actions on 18 days

In the SenateFeb 26 to May 2184 days

Banking CommitteeFeb 26 to Mar 1820 days

In the House of RepresentativesMay 21 to May 287 days

Back in the SenateMay 28 to Jun 1215 days

Waiting to be sentJun 12 to Jun 120 days

With the GovernorJun 12 to Jun 2614 days

Amendments

Each amendment offered, and what became of it.

  • Senate floor amendmentAdopted

    Adopted May 21 · Adopted May 28

  • House of Representatives floor amendmentAdopted

    Adopted May 28 · Senate agreed Jun 2

Text

Each version as the General Assembly printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the General Assembly published it is below.

In the Senate Feb 26 – May 21

  1. Introduced and sent to Banking Committee
  2. Heard in Banking Committee
  3. Banking Committee recommended a substitute for it
  4. Sent to Finance, Revenue and Bonding Committee
  5. Finance, Revenue and Bonding Committee recommended a substitute for it
  6. The Senate adopted Senate Amendment A
  7. Passed the Senate with Senate Amendment A

In the House of Representatives May 22 – May 28

  1. Arrived in the House of Representatives
  2. The House of Representatives adopted Senate Amendment A
  3. The House of Representatives adopted House of Representatives Amendment A
  4. Passed the House of Representatives with Senate Amendment A

Back in the Senate May 28 – Jun 12

  1. Passed the House of Representatives with House of Representatives Amendment A
  2. The Senate agreed to House of Representatives Amendment A
  3. Passed the Senate with Senate Amendment A
  4. Passed the Senate with House of Representatives Amendment A
  5. Numbered Public Act 03-196

To the Governor Jun 12 – Jun 26

  1. Sent to the Secretary of the State
  2. Signed by the Governor
All 33 actions, as published