Legislation

Title: Financial Institutions - Third-Party Service Providers - Examinations
Sponsored by: Chair, Economic Matters Committee (By Request - Departmental - Labor)
Status: Approved by the Governor - Chapter 422
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Authorizing the Commissioner of Financial Regulation to examine a third-party service provider as to services and activities performed on behalf of an entity licensed or chartered by the Office of Financial Regulation; requiring the Commissioner to notify a certain licensed person of any examination of any third-party service provider who performs activities relating to financial services on behalf of the licensed person; authorizing the Commissioner to accept the results of an examination by certain entities; etc.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2024

By Request of the Governor

History

Legislation History
Chamber House Calendar Date 9/15/2023 Legislative Date 9/15/2023 Action Pre-filed Proceedings
Chamber House Calendar Date 1/10/2024 Legislative Date 1/10/2024 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions - Third-Party Service Providers - Examinations Proceedings
Chamber House Calendar Date 1/11/2024 Legislative Date 1/11/2024 Action Hearing 1/23 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/12/2024 Legislative Date 2/12/2024 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 2/13/2024 Legislative Date 2/13/2024 Action Favorable with Amendments {173526/1 Adopted Proceedings 25 Click to view Recorded Media
Chamber House Calendar Date 2/13/2024 Legislative Date 2/13/2024 Action Second Reading Passed with Amendments Proceedings 25 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Financial Institutions - Third-Party Service Providers - Examinations Proceedings
Chamber House Calendar Date 2/15/2024 Legislative Date 2/15/2024 Action Third Reading Passed (100-37) Proceedings 27 Click to view Recorded Media
Chamber Senate Calendar Date 2/16/2024 Legislative Date 2/11/2024 Action Referred Finance Proceedings 27 Click to view Recorded Media
Chamber Senate Calendar Date 3/15/2024 Legislative Date 3/15/2024 Action Hearing 3/20 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/04/2024 Legislative Date 4/04/2024 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 4/04/2024 Legislative Date 3/20/2024 Action Favorable with Amendments {243425/1 Adopted Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/04/2024 Legislative Date 3/20/2024 Action Second Reading Passed with Amendments Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2024 Legislative Date 3/21/2024 Action Third Reading Passed (39-5) Proceedings 66 Click to view Recorded Media
Chamber House Calendar Date 4/08/2024 Legislative Date 3/27/2024 Action House Concurs Senate Amendments Proceedings 66 Click to view Recorded Media
Chamber House Calendar Date 4/08/2024 Legislative Date 3/27/2024 Action Third Reading Passed (101-33) Proceedings 66 Click to view Recorded Media
Chamber House Calendar Date 4/08/2024 Legislative Date 3/27/2024 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Financial Institutions - Third-Party Service Providers - Examinations Proceedings
Chamber Post Passage Calendar Date 5/09/2024 Legislative Date 5/09/2024 Action Approved by the Governor - Chapter 422 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Financial Institutions - Third-Party Service Providers - Examinations Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	9/15/2023	9/15/2023	Pre-filed
House	1/10/2024	1/10/2024	First Reading Economic Matters
			Text - First - Financial Institutions - Third-Party Service Providers - Examinations
House	1/11/2024	1/11/2024	Hearing 1/23 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	2/12/2024	2/12/2024	Favorable with Amendments Report by Economic Matters
House	2/13/2024	2/13/2024	Favorable with Amendments {173526/1 Adopted	25 Click to view Recorded Media
House	2/13/2024	2/13/2024	Second Reading Passed with Amendments	25 Click to view Recorded Media
			Text - Third - Financial Institutions - Third-Party Service Providers - Examinations
House	2/15/2024	2/15/2024	Third Reading Passed (100-37)	27 Click to view Recorded Media
Senate	2/16/2024	2/11/2024	Referred Finance	27 Click to view Recorded Media
Senate	3/15/2024	3/15/2024	Hearing 3/20 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	4/04/2024	4/04/2024	Favorable with Amendments Report by Finance
Senate	4/04/2024	3/20/2024	Favorable with Amendments {243425/1 Adopted	65 Click to view Recorded Media
Senate	4/04/2024	3/20/2024	Second Reading Passed with Amendments	65 Click to view Recorded Media
Senate	4/05/2024	3/21/2024	Third Reading Passed (39-5)	66 Click to view Recorded Media
House	4/08/2024	3/27/2024	House Concurs Senate Amendments	66 Click to view Recorded Media
House	4/08/2024	3/27/2024	Third Reading Passed (101-33)	66 Click to view Recorded Media
House	4/08/2024	3/27/2024	Passed Enrolled
			Text - Enrolled - Financial Institutions - Third-Party Service Providers - Examinations
Post Passage	5/09/2024	5/09/2024	Approved by the Governor - Chapter 422
			Text - Chapter - Financial Institutions - Third-Party Service Providers - Examinations

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