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Minutes for SB335 - Committee on Financial Institutions and Pensions

Short Title

Including savings and loan associations and savings banks in the state banking code and repealing the savings and loan code.

Minutes Content for Wed, Mar 7, 2018

David Wiese, staff revisor, reviewed the bill.

Chairperson Kelly called for final action on SB335.

Representative Powell moved, Representative Finney seconded, to recommend SB335 favorably for passage.

A proposed balloon amendment to SB335 was distributed by David Wiese and reviewed by Chairperson Kelly. (Attachment 1)  The amendment would strike the word "state" each time it appears in the phrase "mutual state bank."

Representative Kelly moved, Representative Finney seconded, to adopt the proposed balloon amendment to SB335.  Motion carried.

Representative Powell moved, Representative Vickrey seconded, to recommend SB335, as amended, favorably for passage.  Motion carried.