Nevada 2021 Regular Session Status: Enacted

SB 145 — Revises provisions relating to financial institutions. (BDR 55-481)

Last action — Chapter 166.

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

This bill has been enacted into law. Introduced February 23, 2021. Enacted.

Prognosis

Advancing 50% · 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.

  • 1 sponsor

    1 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

68 added · 79 removed

68 line(s) added, 79 removed.

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(Reprinted with amendments adopted on April 13, 2021) FIRST REPRINT S.B.
Senate Bill No.
145 SENATE BILL NO .
145–Senator Spearman CHAPTER..........
145–SENATOR SPEARMAN FEBRUARY 23, 2021 ____________ Referred to Committee on Commerce and Labor SUMMARY—Revises provisions relating to financial institutions.
(BDR 55-481) FISCAL NOTE:
Effect on Local Government:
No.
Effect on the State:
Yes.
~ EXPLANATION – Matter in bolded italics is new;
matter between brackets [omitted material] is material to be omitted.
Legislative Counsel’s Digest:
LegiThe Community Reinvestment Act of 1977 (CRA) requires certain financial institutions to provide certain information to the relevant federal financial supervisory agency in order to assess the performance of the financial institution.
The Community Reinvestment Act of 1977 (CRA) requires certain financial institutions to provide certain information to the relevant federal financial supervisory agency in order to assess the performance of the financial institution.
§ 2903) An overall CRA rating is then assigned using a four-tiered systThis bill requires a financial institution subject to the CRA to notify the Commissioner of Financial Institutions of the public availability of the current CRA rating of the financial institution as soon as the rating becomes publicly available.
§ 2903) An overall CRA rating is then assigned using a four-tiered system.
This bill requires the Division of Financial Institutions of the Department of Business and Industry to post the CRA rating for every financial institution subject institution to conduct training sessions concerning the CRA for persons andnancial organizations, including faith-based and consumer advocacy organizations, that operate within the community served by the financial institution.
(12 U.S.C.
This bill also - *SB145_R1* – 2 – requires each such financial institution to report to the Commissioner the number of such training sessions conducted by the financial institution each year.
§ 2906) This bill requires a financial institution subject to the CRA to notify the rating of the financial institution as soon as the rating becomes publicly available.
Finally, this Commission that includes:
This bill requires the Division of Financial Institutions of the Department of Business and Industry to post the CRA rating for every financial institution subject to the CRA on its Internet website.
(1) the name and CRA rating of each financiallative institution;
This bill further requires each such financial institution to conduct training sessions concerning the CRA for persons and operate within the community served by the financial institution.
and (2) the number of training sessions concerning the CRA conducted by the financial institution each year.
This bill also requires each such financial institution to report to the Commissioner the number of such training sessions conducted by the financial institution each year.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Finally, this bill requires the Commissioner to submit a biennial report to the Legislative Commission that includes:
Section 1.
(1) the name and CRA rating of each financial by the financial institution each year.ning sessions concerning the CRA conducted - 81st Session (2021) – 2 – EXPLANATION – Matter in bolded italics is new;
matter between brackets [omitted material] is material to be omitted.
THE SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:D IN Section 1.
(Deleted by amendment.) H - *SB145_R1*
(Deleted by amendment.) ~~~~~ 21 - 81st Session (2021)
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Amendments

1 amendment

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Action History

  1. Chapter 166.

  2. Approved by the Governor.

  3. Enrolled and delivered to Governor.

  4. In Senate. To enrollment.

  5. Read third time. Passed. Title approved. (Yeas: 31, Nays: 10, Absent: 1.) To Senate.

  6. Taken from General File. Placed on General File for next legislative day.

  7. Taken from General File. Placed on General File for next legislative day.

  8. Taken from General File. Placed on General File for next legislative day.

  9. Read second time.

  10. From committee: Do pass.

  11. In Assembly. Read first time. Referred to Committee on Commerce and Labor. To committee.

  12. From printer. To engrossment. Engrossed. First reprint. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 15, Nays: 6.) To Assembly.

  13. From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 105.) To printer.

  14. Notice of eligibility for exemption.

  15. From printer. To committee.

  16. Read first time. Referred to Committee on Commerce and Labor. To printer.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 66 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (66)

66 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

Subjects

taxation finance technology
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 SB 145?
SB 145 is sponsored by Pat Spearman.
What is the current status of SB 145?
This bill has been enacted into law. Introduced February 23, 2021. Enacted.
Where can I track SB 145?
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