l9n/ Connecticut

2012 Regular Session

House Bill 5418

AN ACT CONCERNING THE MODERNIZATION OF CERTAIN BANKING STATUTES.

Did not become law. It stopped in the House of Representatives on April 5, 2012. The 2012 session has ended.

What it does

The synopsis the General Assembly published with the bill.

To (1) require banks to send notice of a material change in a data processor contract to the Department of Banking, (2) conform requirements concerning appraiser independence with federal requirements set forth in the Federal Truth-in-Lending Act, 15 USC Section 1601 et seq., (3) ensure that any public deposits that are fully insured by the Federal Deposit Insurance Corporation do not require additional collateral to be pledged against them, (4) eliminate the requirement that, in lieu of eligible collateral, public deposits held by a qualified public depository may be secured solely by an irrevocable letter of credit issued by the Federal Home Loan Bank of Boston, and (5) clarify when regulatory letters require additional collateralization.

Sponsors

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

In the House of Representatives

Its course

March 6 to April 5, 2012, 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 action9 actions on 5 days

In the House of RepresentativesMar 6 to Apr 5 · stopped30 days

Banking CommitteeMar 6 to Mar 2014 days

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 House of Representatives Mar 6 – Mar 20

  1. Mar 6Introduced and sent to Banking Committee
  2. Mar 9Heard in Banking Committee
  3. Mar 20Banking Committee recommended a substitute for it
All 9 actions, as published
  1. Mar 6REF. TO JOINT COMM. ONBoth houses
  2. Mar 9PUBLIC HEARINGBoth houses
  3. Mar 20Joint Favorable SubstituteBoth houses
  4. Mar 20FILED WITH LCOBoth houses
  5. Mar 30REFERRED TO OLR, OFABoth houses
  6. Apr 5RPTD. OUT OF LCOBoth houses
  7. Apr 5FAV. RPT., TABLED FOR HOUSE CALENDARHouse of Representatives
  8. Apr 5HOUSE CALENDAR NUMBERHouse of Representatives
  9. Apr 5FILE NO.Both houses