Connecticut 2025 Regular Session Status: Enacted

SB 1256 — AN ACT CONCERNING THE ORGANIZATION, ADMINISTRATION AND RECEIVERSHIP OF CERTAIN FINANCIAL INSTITUTIONS.

Last action — SIGNED BY GOVERNOR

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

This bill has been enacted into law. Introduced February 06, 2025. Enacted.

Signed by Governor Ned Lamont (Democratic) on June 24, 2025.

Prognosis

Likely to advance 68% · 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.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

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

564 added · 638 removed

564 line(s) added, 638 removed.

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Latest
Senate General Assembly File No.
Substitute Senate Bill No.
254 January Session, 2025 Substitute Senate Bill No.
1256 Public Act No.
1256 Senate, March 26, 2025 The Committee on Banking reported through SEN.
25-104 AN ACT CONCERNING THE ORGANIZATION, ADMINISTRATION AND RECEIVERSHIP OF CERTAIN FINANCIAL INSTITUTIONS.
MILLER of the 27th Dist., Chairperson of the Committee on the part of the Senate, that the substitute bill ought to pass.
AN ACT CONCERNING THE ORGANIZATION, ADMINISTRATION AND RECEIVERSHIP OF CERTAIN FINANCIAL INSTITUTIONS.
(A) The interest of the public will be served to sSB1256 / File No.
(A) The interest of the public will be served to advantage by the establishment of the proposed Connecticut bank;
254 1 sSB1256 File No.
254 advantage by the establishment of the proposed Connecticut bank;
(2) (A) In determining whether the public will be servedto advantage under subdivision (1) of this subsection, the approving authority shall consider the following factors in light of the proposed business plan of the proposed Connecticut bank:
Substitute Senate Bill No.
1256 (2) (A) In determining whether the public will be served to advantage under subdivision (1) of this subsection, the approving authority shall consider the following factors in light of the proposed business plan of the proposed Connecticut bank:
The commissioner may, upon the application of the organizers and after a hearing thereon, sSB1256 / File No.
The commissioner may, upon the application of the organizers and after a hearing thereon, extend, for cause, the period for which the temporary certificate of authority is valid.
254 2 sSB1256 File No.
Public Act No.
254 extend, for cause, the period for which the temporary certificate of authority is valid.
25-104 2 of 18 Substitute Senate Bill No.
(j) If the application is not approved by the approving authority, the approving authority shall, in writing, so notify the organizers.
1256 (j) If the application is not approved by the approving authority, the approving authority shall, in writing, so notify the organizers.
If, in the opinion sSB1256 / File No.
If, in the opinion Public Act No.
254 3 sSB1256 File No.
25-104 3 of 18 Substitute Senate Bill No.
254 of the commissioner, the name selected will tend to confuse the public or if an objection is filed, the commissioner shall order a hearing to be held not less than twenty or more than thirty days from the date originally set for the filing of objections to the application for change of name, and notice of such hearing shall be published in the department's weekly bulletin at least fourteen days prior to the hearing.
1256 of the commissioner, the name selected will tend to confuse the public or if an objection is filed, the commissioner shall order a hearing to be held not less than twenty or more than thirty days from the date originally set for the filing of objections to the application for change of name, and notice of such hearing shall be published in the department's weekly bulletin at least fourteen days prior to the hearing.
(m) The reasonable charges and expenses of organization or reorganization of a capital stock Connecticut bank, and the reasonable sSB1256 / File No.
Public Act No.
254 4 sSB1256 File No.
25-104 4 of 18 Substitute Senate Bill No.
254 expenses of any compensation or discount for the sale, underwriting or purchase of its shares, may be paid or allowed by such bank out of the par value received by it for its shares, or in the case of shares without par value, out of the stated capital received by it for its shares, without rendering such shares not fully paid and nonassessable.
1256 (m) The reasonable charges and expenses of organization or reorganization of a capital stock Connecticut bank, and the reasonable expenses of any compensation or discount for the sale, underwriting or purchase of its shares, may be paid or allowed by such bank out of the par value received by it for its shares, or in the case of shares without par value, out of the stated capital received by it for its shares, without rendering such shares not fully paid and nonassessable.
The franchise tax for all capital stock Connecticut banks shall be one cent per share up to and including the first ten thousand authorized shares, one-half cent per share for each authorized share in excess of ten thousand shares up to and including one hundred thousand shares, one-quarter cent per share for each authorized share in excess of one hundred thousand shares up to and including one million shares and one-fifth cent per share for each authorized share in excess of one million shares.
The franchise tax for all capital stock Connecticut banks shall be one cent per share up to and including the first ten thousand authorized shares, one-half cent per share for each Public Act No.
sSB1256 / File No.
25-104 5 of 18 Substitute Senate Bill No.
254 5 sSB1256 File No.
1256 authorized share in excess of ten thousand shares up to and including one hundred thousand shares, one-quarter cent per share for each authorized share in excess of one hundred thousand shares up to and including one million shares and one-fifth cent per share for each authorized share in excess of one million shares.
254 (p) (1) One or more persons may organize an interim Connecticut bank solely (A) for the acquisition of an existing bank, whether by acquisition of stock, by acquisition of assets, or by merger or consolidation, or (B) to facilitate any other corporate transaction authorized by this title in which the commissioner has determined that such transaction has adequate regulatory supervision to justify the organization of an interim Connecticut bank.
(p) (1) One or more persons may organize an interim Connecticut bank solely (A) for the acquisition of an existing bank, whether by acquisition of stock, by acquisition of assets, or by merger or consolidation, or (B) to facilitate any other corporate transaction authorized by this title in which the commissioner has determined that such transaction has adequate regulatory supervision to justify the organization of an interim Connecticut bank.
(2) (A) Notwithstanding any provision of this title, for the period from June 13, 2011, to September 30, 2013, inclusive, one or more persons may apply to the commissioner for the conditional preliminary approval of one or more expedited Connecticut banks organized primarily for the purpose of assuming liabilities and purchasing assets from the Federal Deposit Insurance Corporation when the Federal Deposit Insurance Corporation is acting as receiver or conservator of an insured depository institution.
(2) (A) Notwithstanding any provision of this title, for the period from June 13, 2011, to September 30, 2013, inclusive, one or more persons may apply to the commissioner for the conditional preliminary approval of one or more expedited Connecticut banks organized primarily for the purpose of assuming liabilities and purchasing assets from the Federal Deposit Insurance Corporation when the Federal Public Act No.
25-104 6 of 18 Substitute Senate Bill No.
1256 Deposit Insurance Corporation is acting as receiver or conservator of an insured depository institution.
(iii) the identity, biographical information and banking experience of each of the initial organizers and prospective sSB1256 / File No.
(iii) the identity, biographical information and banking experience of each of the initial organizers and prospective initial directors, senior executive officers and any individual, group or proposed shareholders of the bank that will own or control ten per cent or more of the stock of the bank or banks;
254 6 sSB1256 File No.
254 initial directors, senior executive officers and any individual, group or proposed shareholders of the bank that will own or control ten per cent or more of the stock of the bank or banks;
Such preliminary approval shall be subject to such conditions as the commissioner deems appropriate, including the requirements that the bank or banks not commence the business of a Connecticut bank until after their bid or application for a particular insured depository institution is accepted by the Federal Deposit Insurance Corporation, that the background checks are satisfactory, and that the organizers submit, for the safety and soundness review by the commissioner, more detailed operating plans and current financial statements as potential acquisition transactions are considered, and such plans and statements are satisfactory to the commissioner.
Such preliminary approval shall be subject to such conditions as the commissioner deems appropriate, including the requirements that the bank or banks not commence the business of a Connecticut bank until after their bid or application for a particular insured depository institution is accepted by the Federal Deposit Insurance Corporation, that the background checks are satisfactory, and that the organizers submit, for the safety and soundness review by the commissioner, more detailed operating plans and current financial statements as potential Public Act No.
25-104 7 of 18 Substitute Senate Bill No.
1256 acquisition transactions are considered, and such plans and statements are satisfactory to the commissioner.
(B) The commissioner shall not issue a final certificate of authority to commence the business of a Connecticut bank or banks under this subdivision until all conditions and preopening requirements and applicable state and federal regulatory requirements have been met and the fee for issuance of a final certificate of authority for an expedited sSB1256 / File No.
(B) The commissioner shall not issue a final certificate of authority to commence the business of a Connecticut bank or banks under this subdivision until all conditions and preopening requirements and applicable state and federal regulatory requirements have been met and the fee for issuance of a final certificate of authority for an expedited Connecticut bank has been paid in accordance with subparagraph (M) of subdivision (1) of subsection (d) of section 36a-65.
254 7 sSB1256 File No.
254 Connecticut bank has been paid in accordance with subparagraph (M) of subdivision (1) of subsection (d) of section 36a-65.
(q) (1) As used in this subsection, "bankers' bank" means a Connecticut bank that is (A) owned exclusively by (i) any combination of banks, out-of-state banks, Connecticut credit unions, federal credit unions, or out-of-statecredit unions,or (ii)abank holding company that is owned exclusively by any such combination, and (B) engaged exclusively in providing services for, or that indirectly benefit, other banks, out-of-state banks, Connecticut credit unions, federal credit unions, or out-of-state credit unions and their directors, officers and employees.
(q) (1) As used in this subsection, "bankers' bank" means a Connecticut bank that is (A) owned exclusively by (i) any combination of banks, out-of-state banks, Connecticut credit unions, federal credit unions, or out-of-statecredit unions,or (ii)abank holding company that is owned exclusively by any such combination, and (B) engaged Public Act No.
25-104 8 of 18 Substitute Senate Bill No.
1256 exclusively in providing services for, or that indirectly benefit, other banks, out-of-state banks, Connecticut credit unions, federal credit unions, or out-of-state credit unions and their directors, officers and employees.
Before granting a temporary certificate of authority in the case of an application to organize a bankers' bank, the approving authority shall consider (A) whether the proposed bankers' bank will facilitate the provision of services that such banks, out-of-state banks, Connecticut credit unions, federal credit unions, or out-of-state credit unions would not otherwise be able to readily obtain, and (B) the character and experience of the proposed sSB1256 / File No.
Before granting a temporary certificate of authority in the case of an application to organize a bankers' bank, the approving authority shall consider (A) whether the proposed bankers' bank will facilitate the provision of services that such banks, out-of-state banks, Connecticut credit unions, federal credit unions, or out-of-state credit unions would not otherwise be able to readily obtain, and (B) the character and experience of the proposed directors and officers.
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254 8 sSB1256 File No.
254 directors and officers.
Upon the written request of a bankers' bank, the commissioner may waive specific requirements of this title and the regulations adopted thereunder if the commissionerfindsthat(A)therequirementpertainsprimarilytobanks that provide retail or consumer banking services and is inconsistent with this subsection, and (B) the requirement may impede the ability of thebankers' bank to compete or to providedesiredservicesto itsmarket provided, any such waiver and the commissioner's findings shall be in writing and shall be made available for public inspection.
Upon the written request of a bankers' bank, the commissioner may waive specific requirements of this title and the regulations adopted thereunder if the commissionerfindsthat(A)therequirementpertainsprimarilytobanks that provide retail or consumer banking services and is inconsistent with this subsection, and (B) the requirement may impede the ability of thebankers' bank to compete or to providedesiredservicesto itsmarket provided, any such waiver and the commissioner's findings shall be in Public Act No.
25-104 9 of 18 Substitute Senate Bill No.
1256 writing and shall be made available for public inspection.
In addition to the considerations and determinations required by subsection (h) of this section, before granting a temporary certificate of authority to organize a community bank, the approving authority shall determine that (A) each of the sSB1256 / File No.
In addition to the considerations and determinations required by subsection (h) of this section, before granting a temporary certificate of authority to organize a community bank, the approving authority shall determine that (A) each of the proposed directors and proposed executive officers, as defined in subparagraph (D) of subdivision (3) of this subsection, possesses capacity and fitness for the duties and responsibilities with which such director or officer will be charged, and (B) there is satisfactory community support for the proposed community bank based on evidence of such support provided by the organizers to the approving authority.
254 9 sSB1256 File No.
254 proposed directors and proposed executive officers, as defined in subparagraph (D) of subdivision (3) of this subsection, possesses capacity and fitness for the duties and responsibilities with which such director or officer will be charged, and (B) there is satisfactory community support for the proposed community bank based on evidence of such support provided by the organizers to the approving authority.
(3) A community bank shall have all of the powers of and be subject to all of the requirements and limitations applicable to a Connecticut bank under this title which are not inconsistent with this subsection, except:
(3) A community bank shall have all of the powers of and be subject to all of the requirements and limitations applicable to a Connecticut bank under this title which are not inconsistent with this subsection, Public Act No.
25-104 10 of 18 Substitute Senate Bill No.
1256 except:
and (D) the limitations set forth in subsection (a) of sSB1256 / File No.
and (D) the limitations set forth in subsection (a) of section 36a-263 shall apply to all community banks, provided, a community bank may (i) make a mortgage loan to any director or executive officer secured by premises occupied or to be occupied by such director or officer as a primary residence, (ii) make an educational loan to any director or executive officer for the education of any child of such director or executive officer, and (iii) extend credit to any director or executive officer in an amount not exceeding ten thousand dollars for extensions of credit not otherwise specifically authorized in this subparagraph.
254 10 sSB1256 File No.
254 section 36a-263 shall apply to all community banks, provided, a community bank may (i) make a mortgage loan to any director or executive officer secured by premises occupied or to be occupied by such director or officer as a primary residence, (ii) make an educational loan to any director or executive officer for the education of any child of such director or executive officer, and (iii) extend credit to any director or executive officer in an amount not exceeding ten thousand dollars for extensions of credit not otherwise specifically authorized in this subparagraph.
As used in this subparagraph, "executive officer" means every officer of a community bank who participates or has authority to participate, other than in the capacity of a director, in major policy-making functions of the bank, regardless of whether such officer has an official title or whether such officer serves without salary or other compensation.
As used in this Public Act No.
25-104 11 of 18 Substitute Senate Bill No.
1256 subparagraph, "executive officer" means every officer of a community bank who participates or has authority to participate, other than in the capacity of a director, in major policy-making functions of the bank, regardless of whether such officer has an official title or whether such officer serves without salary or other compensation.
(4) The audit and examination requirements set forth in section 36a- 86 shall apply to each community bank.
(4) The audit and examination requirements set forth in section 36a- shall apply to each community bank.
(s) (1) As used in this subsection, "community development bank" means a Connecticut bank that is organized to serve the banking needs of a well-defined neighborhood, community or other geographic area as determined by the commissioner, primarily, but not exclusively, by making commercial loans in amounts of one hundred fifty thousand sSB1256 / File No.
(s) (1) As used in this subsection, "community development bank" means a Connecticut bank that is organized to serve the banking needs of a well-defined neighborhood, community or other geographic area as determined by the commissioner, primarily, but not exclusively, by making commercial loans in amounts of one hundred fifty thousand dollars or less to existing businesses or to persons seeking to establish businesses located within such neighborhood, community or geographic area.
254 11 sSB1256 File No.
254 dollars or less to existing businesses or to persons seeking to establish businesses located within such neighborhood, community or geographic area.
Any such community development bank shall commence business with a minimum equity capital determined by the commissioner to beappropriate fortheproposedactivitiesofsuch bank, provided, if such proposed activities include accepting deposits, such minimum equity capital shall be sufficient to enable such deposits to be insured by the Federal Deposit Insurance Corporation or its successor agency.
Any such community development bank shall commence business with a minimum equity capital determined by the Public Act No.
25-104 12 of 18 Substitute Senate Bill No.
1256 commissioner to beappropriate fortheproposedactivitiesofsuch bank, provided, if such proposed activities include accepting deposits, such minimum equity capital shall be sufficient to enable such deposits to be insured by the Federal Deposit Insurance Corporation or its successor agency.
If the approving authority cannot make such determination with respect to any such sSB1256 / File No.
If the approving authority cannot make such determination with respect to any such proposed director or proposed executive officer, the approving authority may refuse to allow such proposed director or proposed executive officer to serve in such capacity in the proposed community development bank.
254 12 sSB1256 File No.
As used in this subdivision, "executive officer" means every officer of a community development bank who participates or has authority to participate, other than in the capacity of a director, in major policy-making functions of the bank, regardless of Public Act No.
254 proposed director or proposed executive officer, the approving authority may refuse to allow such proposed director or proposed executive officer to serve in such capacity in the proposed community development bank.
25-104 13 of 18 Substitute Senate Bill No.
As used in this subdivision, "executive officer" means every officer of a community development bank who participates or has authority to participate, other than in the capacity of a director, in major policy-making functions of the bank, regardless of whether such officer has an official title or whether such officer serves without salaryorothercompensation.The vice president,chieffinancial officer, secretary and treasurer of a community development bank are presumed to be executive officers unless, by resolution of the governing board or by the bank's bylaws, any such officer is excluded from participation in major policy-making functions, other than in the capacity of a director of the bank, and such officer does not actually participate in major policy-making functions.
1256 whether such officer has an official title or whether such officer serves without salaryorothercompensation.The vice president,chieffinancial officer, secretary and treasurer of a community development bank are presumed to be executive officers unless, by resolution of the governing board or by the bank's bylaws, any such officer is excluded from participation in major policy-making functions, other than in the capacity of a director of the bank, and such officer does not actually participate in major policy-making functions.
The approving authority for an sSB1256 / File No.
The approving authority for an innovation bank shall be the commissioner acting alone.
254 13 sSB1256 File No.
254 innovation bank shall be the commissioner acting alone.
(2) An innovation bank shall have all of the powers of and be subject to all of the requirements and limitations applicable to a Connecticut bank under this title which are not inconsistent with this subsection, except no innovation bank may accept retail deposits and, notwithstanding any provision of this title, sections 36a-30 to 36a-34, inclusive, do not apply to innovation banks.
Public Act No.
25-104 14 of 18 Substitute Senate Bill No.
1256 (2) An innovation bank shall have all of the powers of and be subject to all of the requirements and limitations applicable to a Connecticut bank under this title which are not inconsistent with this subsection, except no innovation bank may accept retail deposits and, notwithstanding any provision of this title, sections 36a-30 to 36a-34, inclusive, do not apply to innovation banks.
An innovation bank may secure deposit insurance for such nonretail deposits, including from the sSB1256 / File No.
An innovation bank may secure deposit insurance for such nonretail deposits, including from the Federal Deposit Insurance Corporation.
254 14 sSB1256 File No.
(u) (1) Each trust bank and innovation bank shall keep assets on Public Act No.
254 Federal Deposit Insurance Corporation.
25-104 15 of 18 Substitute Senate Bill No.
(u) (1) Each trust bank and innovation bank shall keep assets on deposit in the amount of at least one million five hundred thousand dollars with such banks as the commissioner may approve.
1256 deposit in the amount of at least one million five hundred thousand dollars with such banks as the commissioner may approve.
(D) commercial paper payable in dollars in the United States, provided such paper is rated in one of the three highest rating categories by a rating service recognizedby thecommissioner.In theeventthat anissue of commercial paper is rated by more than one recognized rating service, it shall be rated in one of the three highest rating categories by each such rating service;
(D) commercial paper payable in dollars in the United States, provided such paper is rated in one of the three highest rating categories by a rating service recognized by thecommissioner.
(E) negotiable certificates of deposit that are sSB1256 / File No.
In theeventthat anissue of commercial paper is rated by more than one recognized rating service, it shall be rated in one of the three highest rating categories by each such rating service;
254 15 sSB1256 File No.
(E) negotiable certificates of deposit that are Public Act No.
254 payable in the United States;
25-104 16 of 18 Substitute Senate Bill No.
1256 payable in the United States;
At least ten days prior to the date by which objections may be made, the applicant shall send a copy of the application and a notice of the date by a means that provides a signature as proof of delivery, including, but not limited to, registered or certified mail, return receipt requested, to each bank or out-of-state bank having its main office or a branch in the town or towns in which the applicant has its main office or a branch.
At least ten days prior to the date by which objections may be made, the applicant shall send a copy of the application and a notice of the date by a means that provides a signature as proof of delivery, including, but not limited to, registered or certified mail, return receipt requested, to each bank or out-of-state bank having Public Act No.
sSB1256 / File No.
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254 16 sSB1256 File No.
1256 its main office or a branch in the town or towns in which the applicant has its main office or a branch.
254 Sec.
Sec.
This act shall take effect as follows and shall amend the following sections:
Governor's Action:
July 1, 2025 Section 1 36a-65(d)(1)(H) Sec.
Approved June 24, 2025 Public Act No.
2 July 1, 2025 36a-70(h) to (u) Sec.
25-104 18 of 18
3 July 1, 2025 36a-81(b) Sec.
4 July 1, 2025 36a-82(c) Sec.
5 July 1, 2025 36a-223(b) BA Joint Favorable Subst.
sSB1256 / File No.
254 17 sSB1256 File No.
254 The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of the General Assembly, solely for purposes of information, summarization and explanation and do not represent the intent of the General Assembly or either chamber thereof for any purpose.
In general, fiscal impacts are based upon a variety of informational sources, including the analyst’s professional knowledge.
Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.
OFA Fiscal Note State Impact:
Agency Affected Fund-Effect FY 26 $ FY 27 $ Banking Dept.
BF - Potential 15,000 - 15,000 - Revenue Gain 25,000 25,000 Note:
BF=Banking Fund Municipal Impact:
None Explanation The bill,whichincreases theapplicationfeeto organize aConnecticut bank from $15,000 to $20,000, results in a potential revenue gain to the Banking Fund of $15,000 to $25,000 in FY 26 and FY 27.
The number of such applications that the Department of Banking receives varies from year to year, but on average, they are expected to receive about three to five per year.
The bill makes several other changes to the banking statutes that are not anticipated to have a fiscal impact.
The Out Years The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.
sSB1256 / File No.
254 18 sSB1256 File No.
254 OLR Bill Analysis sSB 1256 AN ACT CONCERNING THE ORGANIZATION, ADMINISTRATION AND RECEIVERSHIP OF CERTAIN FINANCIAL INSTITUTIONS.
SUMMARY This bill makes several changes that affect the applications and operations of different types of banks.
Specifically, it:
1.
increases from $15,000 to $20,000 the application fee to organize a Connecticut bank (by law, this fee explicitly applies to the conditional preliminary approval for an expedited bank, but an organization of an interim Connecticut bank is exempt) (§ 1);
2.
increases from $1 million to $1.5 million the amount of deposit assets that trust banks and innovation banks must keep (§ 2);
3.
exempts innovation banks from one of several existing (a) factors for assessing whether an application to organize a Connecticut bank serves the public interest (i.e.
the population of the area to be served) and (b) considerations for approving a Connecticut bank’s main office relocation (i.e.
the public’s convenience and need for the proposed relocation) (§§ 2 & 3);
4.
decreases from 30 to 15 days the period allotted for submitting written objections to a proposed name change of a capital stock Connecticut bank, mutual savings bank, or mutual savings and loan association after its application to do so has been published (§ 4);
and 5.
requires receivers, when liquidating an innovation bank, to consider the innovation bank’s credit conditions instead of the credit conditions in the locality of the innovation bank (§ 5).
sSB1256 / File No.
254 19 sSB1256 File No.
254 The bill also makes conforming and technical changes, including removing obsolete language.
EFFECTIVE DATE:
July 1, 2025 COMMITTEE ACTION Banking Committee Joint Favorable Substitute Yea 13 Nay 0 (03/11/2025) sSB1256 / File No.
254 20
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Action History

  1. SIGNED BY GOVERNOR

  2. TRANSMITTED BY SECRETARY OF THE STATE TO GOVERNOR

  3. TRANSMITTED TO SECRETARY OF THE STATE

  4. PUBLIC ACT 25-104

  5. IN CONCURRENCE

  6. HOUSE PASSED

  7. HOUSE CALENDAR NUMBER 637

  8. FAV. RPT., TABLED FOR HOUSE CALENDAR

  9. SENATE PASSED

  10. FILE NO. 254

  11. SENATE CALENDAR NUMBER 175

  12. FAV. RPT., TAB. FOR CAL., SEN.

  13. RPTD. OUT OF LCO

  14. REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 03/25/25

  15. FILED WITH LCO

  16. Joint Favorable Substitute

  17. PUBLIC HEARING 0213

  18. REF. TO JOINT COMM. ON Banking

Sponsorship breakdown

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0 sponsors · 0 co-sponsors · 187 not signed on

Sponsors (0)

None.

Co-sponsors (0)

None.

Not signed on (187)

187 members have not signed on to this bill.

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"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

Votes

House Roll Call Vote

Passed 147 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Democratic 95001
Republican 46003
Unaffiliated 6000
Total 147004
% of votes cast 97%0%0%3%
How each member voted (151)
Member Party Vote
Ryan — Yea
Collins Main — Yea
Mccarthy Vahey — Yea
Morrin Bello — Yea
Sanchez, J. — Yea
Sanchez, R. — Yea
Aimee Berger-Girvalo Democratic Yea
Alphonse Paolillo Democratic Yea
Andre F. Baker Democratic Yea
Anne M. Hughes Democratic Yea
Anthony L. Nolan Democratic Yea
Antonio Felipe Democratic Yea
Aundre Bumgardner Democratic Yea
Bob Godfrey Democratic Yea
Bobby G. Gibson Democratic Yea
Brandon Chafee Democratic Not Voting
Christopher Poulos Democratic Yea
Christopher Rosario Democratic Yea
Corey P. Paris Democratic Yea
Daniel Gaiewski Democratic Yea
David DeFronzo Democratic Yea
Derell Wilson Democratic Yea
Dominique Johnson Democratic Yea
Eleni Kavros DeGraw Democratic Yea
Farley Santos Democratic Yea
Frank Smith Democratic Yea
Fred Gee Democratic Yea
Gary A. Turco Democratic Yea
Geoff Luxenberg Democratic Yea
Geraldo C. Reyes Democratic Yea
Gregory Haddad Democratic Yea
Hector Arzeno Democratic Yea
Henry J. Genga Democratic Yea
Hilda E. Santiago Democratic Yea
Hubert D. Delany Democratic Yea
Jaime S. Foster Democratic Yea
James Sanchez Democratic Yea
Jane M. Garibay Democratic Yea
Jason Doucette Democratic Yea
Jason Rojas Democratic Yea
Jennifer Leeper Democratic Yea
Jill Barry Democratic Yea
Jillian Gilchrest Democratic Yea
John Santanella Democratic Yea
John-Michael Parker Democratic Yea
Jonathan Fazzino Democratic Yea
Jonathan Jacobson Democratic Yea
Jonathan Steinberg Democratic Yea
Joseph P. Gresko Democratic Yea
Josh Elliott Democratic Yea
Joshua M. Hall Democratic Yea
Juan R. Candelaria Democratic Yea
Julio A. Concepcion Democratic Yea
Kadeem Roberts Democratic Yea
Kai J. Belton Democratic Yea
Kaitlyn Shake Democratic Yea
Kara Rochelle Democratic Yea
Kate Farrar Democratic Yea
Kenneth Gucker Democratic Yea
Kerry S. Wood Democratic Yea
Kevin Brown Democratic Yea
Larry B. Butler Democratic Yea
Laurie Sweet Democratic Yea
Liz Linehan Democratic Yea
Lucy Dathan Democratic Yea
Marcus Brown Democratic Yea
Maria P. Horn Democratic Yea
Mary Fortier Democratic Yea
Mary M. Mushinsky Democratic Yea
Mary Welander Democratic Yea
Maryam Khan Democratic Yea
Matt Blumenthal Democratic Yea
Matthew Ritter Democratic Yea
Melissa Osborne Democratic Yea
Michael "MJ" Shannon Democratic Yea
Michael D. Quinn Democratic Yea
Michael DiGiovancarlo Democratic Yea
Mike Demicco Democratic Yea
Minnie Gonzalez Democratic Yea
Moira Rader Democratic Yea
Nicholas Menapace Democratic Yea
Nick Gauthier Democratic Yea
Patricia A. Dillon Democratic Yea
Patrick Biggins Democratic Yea
Patrick S. Boyd Democratic Yea
Raghib Allie-Brennan Democratic Yea
Rebecca Martinez Democratic Yea
Renee LaMark Muir Democratic Yea
Robin E. Comey Democratic Yea
Roland J. Lemar Democratic Yea
Ronald A. Napoli Democratic Yea
Sarah Keitt Democratic Yea
Savet Constantine Democratic Yea
Stephen R. Meskers Democratic Yea
Steven J. Stafstrom Democratic Yea
Steven Winter Democratic Yea
Susan M. Johnson Democratic Yea
Tammy R. Exum Democratic Yea
Toni E. Walker Democratic Yea
Travis Simms Democratic Yea
Trenee McGee Democratic Yea
William Heffernan Democratic Yea
Amy Romano Republican Yea
Anne Dauphinais Republican Yea
Arnold Jensen Republican Yea
Ben McGorty Republican Yea
Bill Buckbee Republican Yea
Brian Lanoue Republican Not Voting
Cara Christine Pavalock-D'Amato Republican Yea
Carol Hall Republican Yea
Chris Aniskovich Republican Yea
Chris Stewart Republican Not Voting
Christie M. Carpino Republican Yea
Craig C. Fishbein Republican Yea
Dave W. Yaccarino Republican Yea
David Rutigliano Republican Yea
Devin R. Carney Republican Yea
Donna Veach Republican Not Voting
Doug Dubitsky Republican Yea
Gale L. Mastrofrancesco Republican Yea
Greg S. Howard Republican Yea
Irene M. Haines Republican Yea
Jason Buchsbaum Republican Yea
Jay M. Case Republican Yea
Joe Canino Republican Yea
Joe Hoxha Republican Yea
Joe Polletta Republican Yea
John E. Piscopo Republican Yea
Joseph H. Zullo Republican Yea
Karen Reddington-Hughes Republican Yea
Kathy Kennedy Republican Yea
Kurt Vail Republican Yea
Lezlye Zupkus Republican Yea
Mark DeCaprio Republican Yea
Mark W. Anderson Republican Yea
Martin Foncello Republican Yea
Mitch Bolinsky Republican Yea
Nicole Klarides-Ditria Republican Yea
Patrick E. Callahan Republican Yea
Seth Bronko Republican Yea
Steve Weir Republican Yea
Tami Zawistowski Republican Yea
Tammy Nuccio Republican Yea
Tim Ackert Republican Yea
Tina Courpas Republican Yea
Tom Delnicki Republican Yea
Tom O'Dea Republican Yea
Tony J. Scott Republican Yea
Tracy Marra Republican Yea
Vincent J. Candelora Republican Yea
William Pizzuto Republican Yea

Official roll call →

Senate Roll Call Vote

Passed 36 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democratic 25000
Republican 11000
Total 36000
% of votes cast 100%0%0%0%
How each member voted (36)
Member Party Vote
Bob Duff Democratic Yea
Catherine A. Osten Democratic Yea
Ceci Maher Democratic Yea
Christine Cohen Democratic Yea
Derek Slap Democratic Yea
Douglas McCrory Democratic Yea
Gary A. Winfield Democratic Yea
Herron Gaston Democratic Yea
James J. Maroney Democratic Yea
Jan Hochadel Democratic Yea
Joan V. Hartley Democratic Yea
John W. Fonfara Democratic Yea
Jorge Cabrera Democratic Yea
Julie Kushner Democratic Yea
MD Rahman Democratic Yea
Mae Flexer Democratic Yea
Martha Marx Democratic Yea
Martin M. Looney Democratic Yea
Matthew L. Lesser Democratic Yea
Norman Needleman Democratic Yea
Patricia Billie Miller Democratic Yea
Paul Honig Democratic Yea
Rick Lopes Democratic Yea
Saud Anwar Democratic Yea
Sujata Gadkar-Wilcox Democratic Yea
Eric C. Berthel Republican Yea
Heather S. Somers Republican Yea
Henri Martin Republican Yea
Jason Perillo Republican Yea
Jeff Gordon Republican Yea
John A. Kissel Republican Yea
Paul Cicarella Republican Yea
Rob Sampson Republican Yea
Ryan Fazio Republican Yea
Stephen G. Harding Republican Yea
Tony Hwang Republican Yea

Official roll call →

Subjects

finance
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