2025 Regular SessionMississippi Legislature

HB1330: Banks; authorize investments in SBICs incorporated outside MS and in LLCs and LLPs.

Legislative Summary

An Act To Amend Section 81-5-25, Mississippi Code Of 1972, To Authorize Banks To Invest In Small Business Investment Companies Incorporated Outside Mississippi; To Amend Section 81-5-45, Mississippi Code Of 1972, To Require The Board Of Directors Of A Bank To Meet Quarterly, Unless Otherwise Directed By The Department Of Banking And Consumer Finance Based On An Examination Finding Or Applicable Regulatory Finding; To Delete The Requirement For Periodic Meetings By Executive And Auditing Committees Selected By A Majority Of The Board Of Directors; And For Related Purposes.

Demographic Impact

Overall analysis of equity impact

60% Positive
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Bill History

1/20/2025
Referred To Banking and Financial Services
House of Representatives
1/28/2025
Title Suff Do Pass As Amended
House of Representatives
2/11/2025
Amended
House of Representatives
2/11/2025
Passed As Amended
House of Representatives
2/13/2025
Transmitted To Senate
House of Representatives
2/17/2025
Referred To Business and Financial Institutions
Senate
3/3/2025
Title Suff Do Pass As Amended
Senate
3/11/2025
Amended
Senate
3/11/2025
Passed As Amended
Senate
3/12/2025
Returned For Concurrence
Senate
3/17/2025
Decline to Concur/Invite Conf
House of Representatives
3/18/2025
Conferees Named Aguirre,Boyd (37th),Varner
House of Representatives
3/20/2025
Conferees Named Polk,McMahan,Sparks
Senate
3/31/2025
Conference Report Filed
House of Representatives
3/31/2025
Conference Report Filed
Senate
4/1/2025
Conference Report Adopted
House of Representatives
4/1/2025
Motion to Reconsider Entered (Aguirre, Boyd (37th))
House of Representatives
4/1/2025
Conference Report Adopted
Senate
4/2/2025
Motion to Reconsider Tabled
House of Representatives
4/7/2025
Enrolled Bill Signed
House of Representatives
4/7/2025
Enrolled Bill Signed
Senate
4/17/2025
Approved by Governor

Amendments

House Committee Amendment No 1

Committee Amendment No 1

Not Adopted

Senate Committee Amendment No 1

Committee Amendment No 1

Not Adopted

Roll Call Votes

House Conference Report Adopted
4/1/2025
114
Yea
0
Nay
6
Not Voting
0
Absent
Result: PASSED
Senate Conference Report Adopted
4/1/2025
49
Yea
0
Nay
2
Not Voting
0
Absent
Result: PASSED
Senate Passed As Amended
3/11/2025
51
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
House Passed As Amended
2/11/2025
108
Yea
2
Nay
10
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Passed(4/17/2025)
Chamber
Senate

Sponsors

Republican: 1

Documents

Enrolled
Bill Text4/7/20257.1 KB
Engrossed
Bill Text2/13/20256.1 KB
Introduced
Bill Text1/21/20256.1 KB
Misc
Misc3/31/202585.9 KB