l9n/ Mississippi

2014 Regular Session

Senate Bill 2558

Banking & Consumer Finance, Commissioner of; revise certain powers of.

Did not become law. It stopped in the Senate's Business and Financial Institutions Committee on February 4, 2014. The 2014 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 81-1-81, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER OF BANKING AND CONSUMER FINANCE TO EXAMINE A BANK HOLDING COMPANY IN THE SAME MANNER AS A BANK; TO AMEND SECTION 81-3-1, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE TERM "BANK," WHEN USED IN TITLE 81 OF THE MISSISSIPPI CODE, INCLUDES A BANK HOLDING COMPANY FOR THE PURPOSES OF SUPERVISION AND REGULATION BY THE COMMISSIONER; TO AMEND SECTION 81-5-28, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE COMMISSIONER SHALL HAVE GENERAL SUPERVISION OVER BANK HOLDING COMPANIES AND THE OPERATION AND BUSINESS OF BANK HOLDING COMPANIES TO THE SAME EXTENT AS THE COMMISSIONER IS AUTHORIZED TO SUPERVISE AND REGULATE STATE BANKS; TO AMEND SECTION 81-14-401, MISSISSIPPI CODE OF 1972, TO REMOVE THE PROHIBITION ON THE DEPARTMENT SUPERVISING CERTAIN BANK HOLDING COMPANIES OF SAVINGS BANKS; TO AMEND SECTION 81-1-127, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A BANK OFFICER OR EMPLOYEE WHO HAS BEEN PERMANENTLY REMOVED BY THE COMMISSIONER SHALL NOT BE ELIGIBLE TO HOLD A POSITION AT A BANK SUBSIDIARY, BANK HOLDING COMPANY OR ANY OTHER ENTITY REGULATED BY THE DEPARTMENT; TO AMEND SECTION 81-5-29, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FROM AND AFTER JULY 1, 2014, ANY PROPOSED TRANSFER OF BANK ASSETS TO BE PURCHASED, HELD OR OWNED BY A BANK SECURITIES CORPORATION SHALL BE SUBJECT TO THE PRIOR CONSENT AND APPROVAL OF THE COMMISSIONER; TO CREATE NEW SECTION 81-1-137, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE DEPARTMENT OF BANKING AND CONSUMER FINANCE TO ESTABLISH PROGRAMS FOR THE EDUCATION OF THE PUBLIC WITH RESPECT TO FINANCIAL LITERACY, ANY PROVISION OF THIS TITLE 81 OF THE MISSISSIPPI CODE, OR ANY INDUSTRY REGULATED BY THE DEPARTMENT; TO AUTHORIZE THE DEPARTMENT AND THE OFFICE OF CONSUMER PROTECTION TO COORDINATE THEIR EFFORTS FOR THE EDUCATION PROGRAMS AUTHORIZED FOR THE DEPARTMENT; AND FOR RELATED PURPOSES.

Sponsors

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

In the Senate

Its course

January 20 to February 4, 2014, 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 action2 actions on 2 days

In the SenateJan 20 to Feb 4 · stopped15 days

Business and Financial InstitutionsJan 20 to Feb 4 · stopped15 days

Text

Each version as the Legislature 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 Legislature published it is below.

In the Senate Jan 20 – Feb 4

  1. Jan 20Referred to the Senate committee on Business and Financial Institutions
  2. Feb 4Died in committee in the Senate
All 2 actions, as published
  1. Jan 20Referred To Business and Financial InstitutionsSenate
  2. Feb 4Died In CommitteeSenate