Arkansas 2025 Regular Session Status: Enacted

HB 1378 — TO AMEND THE COMPOSITION AND MEETING REQUIREMENTS OF THE STATE BOARD OF FINANCE; AND TO REPEAL THE REQUIREMENTS FOR THE EMPLOYMENT OF A CHIEF COMPLIANCE OFFICER BY THE STATE BOARD OF FINANCE.

Last action — Notification that HB1378 is now Act 204

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 03, 2025. Enacted.

Signed by Governor Sarah Huckabee Sanders (Republican) on February 27, 2025.

Prognosis

Advancing 52% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    2 primary, 0 co-sponsors signed on.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

1 added · 2 removed

Plain-language change summary

In the latest version of HB 1378, a line was added that likely highlights a specific clarification or new requirement, while another line referencing Act 204 from a previous session has been removed. This change is important because it keeps the bill current and relevant by focusing on new information instead of outdated references. Overall, such adjustments help ensure that the law reflects the latest intentions of lawmakers.

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Act 204 of the Regular Session State ofArkansas 95th GeneralAssembly ABill Regular Session, 2025 HOUSE BILL 1378 5 By:
State ofArkansas 95th GeneralAssembly ABill Regular Session, 2025 HOUSE BILL 1378 5 By:
APPROVED:
2 02/02/2025 4:44:12 PM JLL114
2/27/25 2 02/02/2025 4:44:12 PM JLL114
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How this bill changes current law

4 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill modifies the composition and quorum requirements of the State Board of Finance and repeals the employment requirements for a chief compliance officer.

  • Arkansas Code § 19-3-701(b)

    Securities Commissioner → Secretary of the Department of Transformation and Shared Services

    The title 'Securities Commissioner' is replaced with 'Secretary of the Department of Transformation and Shared Services' in the board's composition.

  • Arkansas Code § 19-3-703(b)(1)

    Seven (7) → Six (6)

    The number of members required to constitute a quorum is reduced from seven to six.

  • Arkansas Code § 19-3-704(b)

    The board shall select the chief compliance officer within the Treasurer of State's office based upon nominations received from the Treasurer of State.

    The requirement for the State Board of Finance to select a chief compliance officer based on nominations from the Treasurer of State is repealed.

  • Arkansas Code § 19-3-704(b)(1)

    The chief compliance officer shall: (A) Be employed by the board; (B) Work with and at the direction of the Treasurer of State consistent with the policies and directives of the board; and (C) Serve at the pleasure of the board.

    The requirements for the chief compliance officer’s employment and duties by the board are repealed.

Action History

  1. Notification that HB1378 is now Act 204

  2. Correctly enrolled and ordered transmitted to the Governor's Office.

  3. TO BE ENROLLED

  4. Returned from the Senate as passed.

  5. Returned to the House as passed.

  6. Read the third time and passed.

  7. Returned by the Committee, with the recommendation that it Do Pass

  8. Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE

  9. Received from the House.

  10. Read the third time and passed and ordered transmitted to the Senate.

  11. Returned by the Committee Do Pass

  12. Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE

  13. Filed

Sponsors

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 136 not signed on

Sponsors (2)

Co-sponsors (0)

None.

Not signed on (136)

136 members have not signed on to this bill.

Show all 136 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 1378?
HB 1378 is sponsored by Ricky Hill and Howard M. Beaty, Jr..
What is the current status of HB 1378?
This bill has been enacted into law. Introduced February 03, 2025. Enacted.
Where can I track HB 1378?
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