2023-2024 Session
Change SessionH.659 (Act 110)
An act relating to banking, insurance, and securities
Rep. Michael Marcotte
,
Rep. Stephanie Jerome
5/10/2024 - House message: Governor approved bill on May 20, 2024
- Sponsor(s)
-
- Rep. Michael Marcotte
- Additional Sponsors
- Rep. Stephanie Jerome
- Last Recorded Action
- Senate 5/10/2024 - House message: Governor approved bill on May 20, 2024
Bill/Resolution Text
- Other Text
-
NOTE: to print information that appears on a tab within the bill page, use the Print link on that tab.
An act relating to banking, insurance, and securities
Detailed Status
Regular Session 2023-2024
| Body | Date | Journal | Calendar | Location | Full Status |
|---|
An act relating to banking, insurance, and securities
Roll Call History
Regular Session 2023-2024
| Body | Date | Journal | Location | Full Status |
|---|
Although procedurally bills and resolutions are assigned to only one committee at a time, other committees may review the bill or resolution. This page contains results from both the assigned committee as well as other committees.
An act relating to banking, insurance, and securities
Committee Meetings
Regular Session 2023-2024
| Meeting Date | Committee |
|---|
An act relating to banking, insurance, and securities
Meeting Full List
Regular Session 2023-2024
Wednesday, January 10, 2024
- Committee(s):
- House Committee on Commerce and Economic Development
- 1:00 PM
-
H.659 - An act relating to banking, insurance, and securities
Introduction and walk-through
Sandy Bigglestone, Deputy Commissioner of Captive Insurance, Department of Financial Regulation
Brittany Nevins, Captive Insurance Economic Development Director, Vermont Department of Economic Development
Kevin Mead, President, Vermont Captive Insurance Association
- 2:40 PM
-
H.659 - An act relating to banking, insurance, and securities
Committee discussion
Vote
Thursday, January 11, 2024
- Committee(s):
- House Committee on Commerce and Economic Development
- 2:30 PM
-
H.659 - An act relating to banking, insurance, and securities
Committee amendment
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Walk-through and vote
Wednesday, January 17, 2024
- Committee(s):
- Senate Committee on Finance
- 3:15 PM
-
H.659 - An act relating to banking, insurance, and securities
Walk-through
Sandy Bigglestone, Deputy Commissioner of Captive Insurance, Department of Financial Regulation
Wednesday, January 17, 2024
- Committee(s):
- House Committee on Ways and Means
- 11:00 AM
-
H.659 - An act relating to banking, insurance, and securities
Sandy Bigglestone, Deputy Commissioner of Captive Insurance, Department of Financial Regulation
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Patrick Titterton, Fiscal Analyst, Joint Fiscal Office
- 2:40 PM
-
H.659 - An act relating to banking, insurance, and securities
vote
Wednesday, February 7, 2024
- Committee(s):
- Senate Committee on Finance
- 2:00 PM
-
H.659 - An act relating to banking, insurance, and securities
Walk-through
Christine Brown, Director of Captive Insurance, Department of Financial Regulation
- 3:00 PM
-
H.659 - An act relating to banking, insurance, and securities
Department of Financial Regulation housekeeping
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Tuesday, March 12, 2024
- Committee(s):
- Senate Committee on Finance
- 3:00 PM
-
H.659 - An act relating to banking, insurance, and securities
Discussion and possible vote
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Aaron Ferenc, Interim Deputy Commissioner of Banking, Department of Financial Regulation
Emily Brown, Deputy Commissioner of Insurance, Department of Financial Regulation, Insurance Division
Emily Kisicki, Director of Policy, Department of Financial Regulation
Wednesday, March 13, 2024
- Committee(s):
- Senate Committee on Finance
- -
-
H.659 - An act relating to banking, insurance, and securities
Discussion and possible vote
Wednesday, March 27, 2024
- Committee(s):
- House Committee on Commerce and Economic Development
- 9:00 AM
-
H.659 - An act relating to banking, insurance, and securities
Chris D'Elia, President, Vermont Bankers' Association
Ethan McLaughlin, Assistant General Counsel, Department of Financial Regulation
Jamie Feehan, Government Relations Director, American Property and Casualty Insurance Association
Emily Kisicki, Director of Policy, Department of Financial Regulation
Karen Bradley, Chair of the Government Relations Committee, Vermont Veterinary Medical Association
Tuesday, April 2, 2024
- Committee(s):
- House Committee on Commerce and Economic Development
- 9:00 AM
-
H.659 - An act relating to banking, insurance, and securities
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Wednesday, April 10, 2024
- Committee(s):
- House Committee on Commerce and Economic Development
- 9:00 AM
-
H.659 - An act relating to banking, insurance, and securities
Walk-through of new draft
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Emily Kisicki, Director of Policy, Department of Financial Regulation
Christopher Curtis, Director, Consumer Assistance Program, Attorney General's Office
- -
-
H.659 - An act relating to banking, insurance, and securities
Committee discussion
Mark-up and vote
Tuesday, April 16, 2024
- Committee(s):
- Senate Committee on Finance
- 1:30 PM
-
H.659 - An act relating to banking, insurance, and securities
Walk-through
Maria Royle, Legislative Counsel, Office of Legislative Counsel
- 1:45 PM
-
H.659 - An act relating to banking, insurance, and securities
David Lipka, Senior Vice President, General Counsel, CoinFlip
Mark Smalley, Chief Compliance Officer, Bitcoin Depot
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
Wednesday, April 17, 2024
- Committee(s):
- Senate Committee on Finance
- -
-
H.659 - An act relating to banking, insurance, and securities
Discussion of proposed floor amendment
Thursday, April 25, 2024
- Committee(s):
- House Committee on Commerce and Economic Development
- 9:00 AM
-
H.659 - An act relating to banking, insurance, and securities
Cryptocurrency kiosks
Larry Lipka, Senior Vice President, General Counsel, CoinFlip
Ethan McClelland, Government Relations Director, Bitcoin Depot
Mark Smalley, Chief Compliance Officer, Bitcoin Depot
Committee Documents
An act relating to banking, insurance, and securities
Witnesses Who Testified
Regular Session 2023-2024
House Committee on Commerce and Economic Development
- Sandy Bigglestone, Deputy Commissioner of Captive Insurance, Department of Financial Regulation
- Karen Bradley, Chair of the Government Relations Committee, Vermont Veterinary Medical Association
- Christopher Curtis, Director, Consumer Assistance Program, Attorney General's Office
- Chris D'Elia, President, Vermont Bankers' Association
- Jamie Feehan, Government Relations Director, American Property and Casualty Insurance Association
- Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
- Emily Kisicki, Director of Policy, Department of Financial Regulation
- Larry Lipka, Senior Vice President, General Counsel, CoinFlip
- Ethan McClelland, Government Relations Director, Bitcoin Depot
- Ethan McLaughlin, Assistant General Counsel, Department of Financial Regulation
- Kevin Mead, President, Vermont Captive Insurance Association
- Brittany Nevins, Captive Insurance Economic Development Director, Vermont Department of Economic Development
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
- Mark Smalley, Chief Compliance Officer, Bitcoin Depot
House Committee on Ways and Means
- Sandy Bigglestone, Deputy Commissioner of Captive Insurance, Department of Financial Regulation
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
- Patrick Titterton, Fiscal Analyst, Joint Fiscal Office
Senate Committee on Finance
- Sandy Bigglestone, Deputy Commissioner of Captive Insurance, Department of Financial Regulation
- Christine Brown, Director of Captive Insurance, Department of Financial Regulation
- Emily Brown, Deputy Commissioner of Insurance, Department of Financial Regulation, Insurance Division
- Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
- Aaron Ferenc, Interim Deputy Commissioner of Banking, Department of Financial Regulation
- Emily Kisicki, Director of Policy, Department of Financial Regulation
- David Lipka, Senior Vice President, General Counsel, CoinFlip
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
- Mark Smalley, Chief Compliance Officer, Bitcoin Depot
Fiscal notes and materials available on this web page are provided for informational purposes only, and may not comprise all materials received by the Vermont Legislature or the final fiscal information related to a specific bill. The Legislature is not responsible for the accuracy of any information in these materials, and their posting does not constitute approval or endorsement by the Legislature.
No fiscal documents found for H.659 in the Regular Session 2023-2024.
No committee of conference members found for H.659 in the Regular Session 2023-2024.
An act relating to banking, insurance, and securities
Committee of Conference Meetings
Regular Session 2023-2024
| Meeting Date | Committee |
|---|
An act relating to banking, insurance, and securities
Committee of Conference Meeting Full List
Regular Session 2023-2024
No committee of conference meeting history found for H.659 in the Regular Session 2023-2024.
No committee of conference report found for H.659 in the Regular Session 2023-2024.
Act
An act relating to banking, insurance, and securities
Statutes Affected
Regular Session 2023-2024
| Statute |
|---|
| 8 V.S.A. § 22. Confidentiality and information-sharing agreements |
| 8 V.S.A. § 2101. Definitions |
| 8 V.S.A. § 2102. Application for license |
| 8 V.S.A. § 2103. Approval of application and issuance of license |
| 8 V.S.A. § 2107. Change of control |
| 8 V.S.A. § 2108. Notification of material change |
| 8 V.S.A. § 2109. Annual renewal of license |
| 8 V.S.A. § 2110. Revocation, suspension, termination, or nonrenewal of license; cease and desist orders |
| 8 V.S.A. § 2115. Penalties |
| 8 V.S.A. § 2500. Definitions |
| 8 V.S.A. § 2501. Exclusions |
| 8 V.S.A. § 2502. License required |
| 8 V.S.A. § 2505. License required |
| 8 V.S.A. § 2506. Application for license; additional information |
| 8 V.S.A. § 2507. Security |
| 8 V.S.A. § 2508. Repealed. 2019, No. 20, § 44. |
| 8 V.S.A. § 2509. Repealed. 2019, No. 20, § 45. |
| 8 V.S.A. § 2510. Net worth |
| 8 V.S.A. § 2511. Activities of money transmitters; receipts and refunds |
| 8 V.S.A. § 2515. Check cashing and currency exchange licenses required |
| 8 V.S.A. § 2525. Relationship between licensee and authorized delegate |
| 8 V.S.A. § 2530. Examinations |
| 8 V.S.A. § 2531. Repealed. 2019, No. 20, § 50. |
| 8 V.S.A. § 2532. Repealed. 2019, No. 20, § 51. |
| 8 V.S.A. § 2532a. Change of authorized delegates; change of location |
| 8 V.S.A. § 2533. Repealed. 2019, No. 20, § 52. |
| 8 V.S.A. § 2534. Records |
| 8 V.S.A. § 2535. Money laundering reports |
| 8 V.S.A. § 2540. Maintenance of permissible investments |
| 8 V.S.A. § 2541. Types of permissible investments |
| 8 V.S.A. § 2545. Repealed. 2019, No. 20, § 55. |
| 8 V.S.A. § 2546. Termination or suspension of authorized delegate activity |
| 8 V.S.A. § 2555. Conservation, liquidation, and insolvency |
| 8 V.S.A. § 2560. Repealed. 2019, No. 20, § 61. |
| 8 V.S.A. § 2561. Repealed. 2019, No. 20, § 62. |
| 8 V.S.A. § 3681. Definitions |
| 8 V.S.A. § 3684. Registration of insurers |
| 8 V.S.A. § 3685. Standards and management of an insurer within an insurance holding company system |
| 8 V.S.A. § 3687. Confidential treatment |
| 8 V.S.A. § 3883. Notice requirements |
| 8 V.S.A. § 4226. Notice requirements |
| 8 V.S.A. § 4714. Notice requirements |
| 8 V.S.A. § 6002. Licensing; authority |
| 8 V.S.A. § 6004. Minimum capital and surplus; letter of credit |
| 8 V.S.A. § 6007. Reports and statements |
| 8 V.S.A. § 6008. Examinations and investigations |
| 8 V.S.A. § 6011. Reinsurance |
| 8 V.S.A. § 6017. Captive Insurance Regulatory and Supervision Fund |
| 8 V.S.A. § 6032. Definitions |
| 8 V.S.A. § 6033. Supplemental application materials |
| 8 V.S.A. § 6041. Establishment of a branch captive insurance company |
| 8 V.S.A. § 6048o. Confidentiality |
| 8 V.S.A. § 6049m. Confidentiality |
| 8 V.S.A. § 6052. Risk retention groups chartered in this State |
| 8 V.S.A. § 6074. Examination authority |
| 8 V.S.A. § 10302. Automated teller machines |
| 9 V.S.A. § 5604. Administrative enforcement |
| 9 V.S.A. § 5616. Vermont Financial Services Education and Victim Restitution Special Fund |
