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ADVOCACY UPDATE




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Banking Committee Updates

3/1/2019

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Both the Senate Banking & Financial Institutions Committee and the House Banks & Banking Committee held meetings this week.
 
SB 37—Statute of Frauds by Sen. William T. Ligon, Jr. (R), Brunswick, was passed by the Senate Banking & Financial Institutions on Tuesday.  The bill was amended in Committee in an effort to address concerns raised at previous hearings on the bill.  The bill was placed on Friday’s Senate Floor Calendar for a vote.
 
HB 193—Banking and Finance, relating to the savings promotion raffles offered by state-charted banks and credit unions was presented by Rep. Emory Dunahoo (R), Gainesville, was passed by the House Banks & Banking Committee on Wednesday.  The bill was placed on Friday’s House Floor Calendar for a vote.  
 
HB 212–Manufactured Homes by Rep. Clay Pirkle (R), Ashburn, was presented to the House Banks & Banking Committee with revisions that were made by the author to satisfy the concerns of the Department of Banking & Finance.  The bill was passed by the Committee on Wednesday.
 
HB 490—Banking & Finance by Rep. Jason Ridley (R), Chatsworth, was introduced in the House.  The bill relates to deposits of deceased depositors, so as to make changes relating to the payment of large deposits of deceased intestate depositors and the deposit of sums held for deceased intestate residents; to provide for and revise certain definitions; to provide for an affidavit for certain claimants to deposits; to provide a statutory form for an affidavit of the providers of services of funeral expenses and expenses of last illnesses of deceased depositors; to change certain provisions relating to payment of checks or instruments payable to decease intestate persons; to provide for related matters; to repeal conflicting laws; and for other purposes.  This bill was introduced in the last legislative session and did not progress.  The author of the bill worked with the industry to reach an agreement on the type of information that is needed on the statutory form prescribed within the bill.  On Thursday, the House Banks & Banking Committee held a hearing on this bill.
 
HB 497—Trusts by Rep. Bonnie Rich (R), Suwanee, was introduced in the House.  The bill relates to trusts, so as to establish qualified self-settled spendthrift trusts; to amend Part 4 of Article 9 of Title 11 of the O.C.G.A., relating to rights of third parties to secured transactions, so as to exclude qualified self-settled spendthrift trusts from restrictions on assignment; to provide for related matters; to repeal conflicting laws; and for other purposes.  This bill has the same language as HB 441 that was passed by both the House and Senate last session, but was vetoed by Governor Nathan Deal.  On Thursday, the House Banks & Banking Committee held a hearing on this bill.  It appears that this bill mirrors SB 186 by Sen. Bill Cowsert (R), Athens.  

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    Lori Godfrey
    EVP, Chief of Staff, Government & Regulatory Relations
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  • HOME
  • ABOUT CBA
    • Board of Directors
    • CBA Committees
    • LEAD Division
    • Office Directions & Hours
    • Our Team
    • Privacy Policy
    • Remembering Julian Hester
  • MEMBERSHIP
    • Member Login
    • Associate Members >
      • Associate Member Benefits & Application
      • Associate Member Directory >
        • Company Listing Update
    • Bank Members >
      • Member Benefits
      • Member Bank Directory >
        • Bank Listing Update
      • Lifetime Service Awards
    • Preferred Service Providers
    • ADVERTISING & SPONSORSHIP OPPORTUNITIES
    • Resources >
      • CBA Legal Hotline
      • CBA Career Center
      • CBA Wellness Solutions
      • April is Community Banking Month
      • Marketing Resources
      • Useful Websites
  • PROFESSIONAL DEVELOPMENT
    • Community Bankers College
    • Programs >
      • Calendar
      • Programs by Functional Category
      • Webinars
      • Banker Regulatory Forum
      • Barret School of Banking
      • Community Bank Leadership Academy
      • Compliance Professionals Package >
        • 2023 Compliance Professionals Package
      • Connect (Convention)
      • Executive Channel
      • HR & Talent Development League
      • WINSPIRE - Women in Banking
    • Resources >
      • Cancellation Policies & Facility Maps
      • Compliance Resources
      • Disaster & Pandemic Support & Preparedness
      • FDIC Regulatory Calendar
      • Financial Literacy
      • Speakers
    • Scholarships/Student Development >
      • Julian & Jan Hester Scholarship
      • McNair Scholarship
      • Walraven Scholarship
      • Rise Up - College Student Development Program
  • PUBLICATIONS
    • Advocacy Update
    • Education Buzz
    • eNewsletter - CBA Today
    • Georgia Communities First Magazine
    • Georgia Financial Directory
    • Innovation Circuit
    • Peachy Posts
    • Swaggin Wagon Adventures
  • ADVOCACY
    • Programs >
      • Clay Shoot
      • TopGolf Tournaments
      • Town Hall Talks
    • Advocacy Fund >
      • T-Shirt Advocacy Fundraiser
      • Corporate Donations
      • Individual Donations
    • Advocacy Update
    • ICBA Plan for Prosperity
    • Locate Your Legislator
    • Priority Legislation SB 157 >
      • SB 157 Survey
    • SBA/PPP Resources >
      • THE CARES ACT & SBA LENDING
      • Paycheck Protection Program
      • PSP & Associate Member Support During Covid-19
    • Silent Auction Items