ARKANSAS LEGISLATIVE ALERT
Banking and Financial
05-03-2019 - 16:32:10

     - Indicates action since the request date.
 


Track: Banking & Financial   Request Date: 0- 0-0000 thru 99-99-9999

HB 1247   
Lowery, Mark (R) Changes the date that annual financial reports and fiscal records of charitable organizations are due from August 1 of each year to 180 days after the last date of the charitable organization's fiscal year.
Position: Neutral
Bill History: 02-12-19 H Enrolled in the House - Sent to Governor
02-13-19 G Signed by the Governor (Act: 137 )
07-24-19 G Effective date


HB 1307   
Dotson, Jim (R)
Hester, Bart (R)
Authorizes banks and banking institutions to use a court's small claims division.
Position: Neutral
Bill History: 04-03-19 H Motion to withdraw from committee carried H-Judiciary
04-03-19 H Withdrawn from further consideration
04-03-19 H Referred to interim committee ...H-Judiciary


HB 1340   
Collins, Andrew (D) Repeals the prohibition against individuals, firms, or corporations, spreading false reports concerning the management or finance of any credit union, which is punishable as felony, with a fine and 30 days of imprisonment.
Position: Neutral
Bill History: 02-26-19 H Enrolled in the House - Sent to Governor
02-28-19 G Signed by the Governor (Act: 252 )
07-24-19 G Effective date


HB 1660   
Cavenaugh, Frances (R) Provides that a lessor's or lessee's rights are subordinate to those of a creditor with purchase money security interests in vehicles, when goods become accessions.
Position: Monitor
Bill History: 03-28-19 H Placed on the House calendar
03-28-19 H Motion to withdraw from committee carried H-Insurance and Commerce
03-28-19 H Withdrawn from further consideration


HB 1702   
Speaks, Nelda (R) Clarifies that notice for school bond sales shall be published in a newspaper that has a bona fide circulation in the county in which the school district is administered.
Position: Neutral
Bill History: 04-05-19 H Enrolled in the House - Sent to Governor
04-10-19 G Signed by the Governor (Act: 848 )
07-24-19 G Effective date


HB 1967   
Watson, Danny (R) Creates the Environmental Compliance Resource Program, a consolidated solid waste program administered by the Department of Environmental Quality. Creates a uniform environmental citation; provides compliance resources to local governments.
Position: Monitor
Bill History: 04-10-19 H Enrolled in the House - Sent to Governor
04-16-19 G Signed by the Governor (Act: 1067 )
07-24-19 G Effective date


SB 44   
Joint Budget Appropriates funds to the Arkansas Home Inspector Registration Board for fiscal 2019-20 operations.
Position: Monitor
Bill History: 01-29-19 H Emergency clause adopted
01-31-19 G Signed by the Governor (Act: 21 )
07-01-19 G Effective date


SB 79   
Rapert, Jason (R) Revises a section concerning maximum loan limits of consumer loans, removing the limiting definition of consumer loans as credit extended for use primarily for personal, family or household purposes.
Position: Neutral
Bill History: 02-06-19 G Signed by the Governor (Act: 62 )
07-24-19 G Effective date
04-24-19 G Died in committee S-Judiciary


SB 80   
Rapert, Jason (R) Changes the time period within which a financial institution may auction contents of a safe deposit box for non-payment from seven years to five years, a time established by the law for abandoned contents.
Position: Neutral
Bill History: 02-04-19 S Enrolled in the Senate - Sent to Governor
02-06-19 G Signed by the Governor (Act: 63 )
07-24-19 G Effective date


SB 148   
Hester, Bart (R)
Pilkington, Aaron (R)
Creates a temporary lien in favor of a judgment creditor when the creditor files a charging application against a member's interest in a limited liability company, until a ruling is made or the application is dismissed.
Position: Neutral
Bill History: 03-28-19 S Enrolled in the Senate - Sent to Governor
04-01-19 G Signed by the Governor (Act: 622 )
07-24-19 G Effective date


SB 186   
Rapert, Jason (R)
Lowery, Mark (R)
Makes various changes to the Arkansas Securities Act including the definition of “investment adviser” and “claimant agency,” the regulation of exempt transactions, filing requirements of certain securities, etc.
Position: Neutral
Bill History: 02-11-19 S Enrolled in the Senate - Sent to Governor
02-13-19 G Signed by the Governor (Act: 110 )
07-24-19 G Effective date


SB 187   
Rapert, Jason (R)
Lowery, Mark (R)
Amends the Uniform Money Services Act to make various changes, including minimum surety bond and net worth requirements of money transmission licensees, annual renewal fees of such licensees and application of financial reporting standards.
Position: Neutral
Bill History: 02-11-19 S Enrolled in the Senate - Sent to Governor
02-13-19 G Signed by the Governor (Act: 111 )
07-24-19 G Effective date


SB 188   
Rapert, Jason (R)
Lowery, Mark (R)
Alters definition of “control” under the Fair Mortgage Lending Act, increasing the threshold of a person presumed to control a company from one with a right to vote 10 percent or more of a class of voting security to 25 percent; various other changes.
Position: Neutral
Bill History: 02-20-19 S Enrolled in the Senate - Sent to Governor
02-26-19 G Signed by the Governor (Act: 200 )
07-24-19 G Effective date


SB 390   
Hammer, Kim (R) Requires state agencies to deposit all cash funds into the State Treasury Money Management Trust to be invested. Exempts higher education institutions and payments by the Department of Education from the Public School Fund to districts.
Position: Opposed
Bill History: 04-12-19 S Motion to withdraw from committee carried S-State Agencies
04-12-19 S Withdrawn from further consideration
04-12-19 S Referred to interim committee ...S-State Agencies


SB 454   
Rapert, Jason (R)
Lundstrum, Robin (R)
Amends the process for procurement of securities and bank certificates of deposit purchased under State Treasury investment policy. Adjust the required investment grade rating to at least BB, A2, P2 or a higher rating.
Position: Neutral
Bill History: 04-08-19 S Enrolled in the Senate - Sent to Governor
04-11-19 G Signed by the Governor (Act: 882 )
07-24-19 G Effective date


SB 523   
Dismang, Jonathan (R) Extends the current natural gas production assessment levy through July 1, 2021.
Position: Neutral
Bill History: 04-01-19 S Enrolled in the Senate - Sent to Governor
04-04-19 G Signed by the Governor (Act: 705 )
04-04-19 G Effective date


SB 558   
Stubblefield, Gary (R)
Gazaway, Jimmy (R)
Repeals the validity of any contractual waiver of rights to a trial by jury, retroactive to March 18, 2018.
Position: Opposed
Bill History: 04-01-19 S Meeting set for Upon adjournment of Senate - Room 171 ...S-Judiciary
04-03-19 S Committee Motion for Do Pass Failed (Vote: Y: 3/N: 2)
04-24-19 S Died in committee S-Judiciary


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