H.648 (Act 142)
An act relating to banking, insurance, and securities
Rep. Michael Marcotte , Rep. Edye Graning ,
,
Rep. David Bosch , Rep. Emily Carris Duncan , Rep. Abbey Duke , Rep. Anthony Micklus , Rep. Herb Olson , Rep. Monique Priestley , Rep. Kirk White ,
5/29/2026 - House message: Governor approved bill on June 16, 2026
- Sponsor(s)
- Last Recorded Action
- Senate 5/29/2026 - House message: Governor approved bill on June 16, 2026Opens in a new window
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 2025-2026
| Expand row | Body | Date | Journal | Calendar | Location | Full Status |
|---|
An act relating to banking, insurance, and securities
Roll Call History
Regular Session 2025-2026
| Expand row | 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 2025-2026
| Meeting Date | Committee | Actions |
|---|
An act relating to banking, insurance, and securities
Meeting Full List
Regular Session 2025-2026
Thursday, January 15, 2026
- Committee(s):
- House Committee on Commerce and Economic Development,
- 9:05 AM
-
H.648 - An act relating to banking, insurance, and securities
Walk-through and Testimony with a break from 10:15 - 10:30 a.m.
Amanda Smith, Deputy Commissioner of Securities, Department of Financial Regulation
Jennifer Rood, Staff Attorney, Department of Financial Regulation
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
Joe Valenti, Director of Policy, Department of Financial Regulation
Maria Royle, Legislative Counsel, Office of Legislative Counsel
- 1:10 PM
-
H.648 - An act relating to banking, insurance, and securities
Continued Walk-through and Testimony
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Jamie Feehan, Government Relations Director, Primmer Piper Eggleston & Cramer PC
Chris D'Elia, President, Vermont Bankers' Association
Carrie Allen, President, Association of Vermont Credit Unions
Friday, January 16, 2026
- Committee(s):
- House Committee on Commerce and Economic Development,
- -
-
H.648 - An act relating to banking, insurance, and securities
Mark-up and Vote
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Wednesday, January 21, 2026
- Committee(s):
- House Committee on Ways and Means,
- 3:45 PM
-
H.648 - An act relating to banking, insurance, and securities
vote
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Patrick Titterton, Senior Fiscal Analyst, Joint Fiscal Office
Chris D'Elia, President, Vermont Bankers' Association
Tuesday, January 27, 2026
- Committee(s):
- House Committee on Appropriations,
- 9:35 AM
-
H.648 - An act relating to banking, insurance, and securities
Walk-through and vote
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Patrick Titterton, Senior Fiscal Analyst, Joint Fiscal Office
Thursday, January 29, 2026
- Committee(s):
- House Committee on Commerce and Economic Development,
- 2:15 PM
-
H.648 - An act relating to banking, insurance, and securities
Walk-through of House Floor Amendment
Maria Royle, Legislative Counsel, Office of Legislative Counsel
- 2:45 PM
-
H.648 - An act relating to banking, insurance, and securities
Testimony and Straw-poll Vote
Joe Valenti, Director of Policy, Department of Financial Regulation
Tuesday, April 7, 2026
- Committee(s):
- Senate Committee on Finance,
- 1:30 PM
-
H.648 - An act relating to banking, insurance, and securities
Walk-through
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Kaj Samsom, Commissioner, Department of Financial Regulation
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
Noel Hudson, Director of Insurance Regulation
Jennifer Rood, Staff Attorney, Department of Financial Regulation
Joe Valenti, Director of Policy, Department of Financial Regulation
Wednesday, April 15, 2026
- Committee(s):
- Senate Committee on Finance,
- 3:25 PM
-
H.648 - An act relating to banking, insurance, and securities
Joe Valenti, Director of Policy, Department of Financial Regulation
Amanda Smith, Deputy Commissioner of Securities, Department of Financial Regulation
Sarah Heim, Securities Director of Examinations and Enforcement, Department of Financial Regulation
Diane Sherman, Assistant General Counsel, Department of Financial Regulation
Chris D'Elia, President, Vermont Bankers' Association
Geoff Hesslink, The Business Bank
Carrie Allen, President, Association of Vermont Credit Unions
Tuesday, April 21, 2026
- Committee(s):
- Senate Committee on Finance,
- 3:15 PM
-
H.648 - An act relating to banking, insurance, and securities
Amendment walk-through
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Joe Valenti, Director of Policy, Department of Financial Regulation
- -
-
H.648 - An act relating to banking, insurance, and securities
Vote
Friday, April 24, 2026
- Committee(s):
- Senate Committee on Appropriations,
- 12:30 PM
-
H.648 - An act relating to banking, insurance, and securities
Walk-through and Vote
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Patrick Titterton, Senior Fiscal Analyst, Joint Fiscal Office
Thursday, May 7, 2026
- Committee(s):
- House Committee on Commerce and Economic Development,
- 9:05 AM
-
H.648 - An act relating to banking, insurance, and securities
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
Chris Delia, President, Vermont Bankers' Association
Colin Hilliard, Associate State Director - Advocacy and Outreach, AARP VT
Heather Shouldice, President, William Shouldice & Associates LLC
Tuesday, May 12, 2026
- Committee(s):
- House Committee on Commerce and Economic Development,
- 9:05 AM
-
H.648 - An act relating to banking, insurance, and securities
Maria Royle, Legislative Counsel, Office of Legislative Counsel
- 1:05 PM
-
H.648 - An act relating to banking, insurance, and securities
Amendment Discussion
Christopher Curtis, Director, Consumer Assistance Program, Vermont Attorney General's Office
Larry Lipka, Senior Vice President, General Counsel, CoinFlip
- 2:05 PM
-
H.648 - An act relating to banking, insurance, and securities
Continued Discussion
Ari Fishman, Business Owner
Ethan McLaughlin, Assistant General Counsel, Department of Financial Regulation
Joe Valenti, Director of Policy, Department of Financial Regulation
- 3:25 PM
-
H.648 - An act relating to banking, insurance, and securities
Continued Discussion
Larry Lipka, Senior Vice President, General Counsel, CoinFlip
Thursday, May 14, 2026
- Committee(s):
- House Committee on Ways and Means,
- 9:40 AM
-
H.648 - An act relating to banking, insurance, and securities
Olson Amendment
Rep. Herb Olson, Sponsor, Addison-4
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Patrick Titterton, Senior Fiscal Analyst, Joint Fiscal Office
Joe Valenti, Director of Policy, Department of Financial Regulation
Colin Hilliard, Associate State Director - Advocacy and Outreach, AARP VT
Tuesday, May 19, 2026
- Committee(s):
- Senate Committee on Finance,
- 3:00 PM
-
H.648 - An act relating to banking, insurance, and securities
Review of House Proposals of Amendment
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Patrick Titterton, Senior Fiscal Analyst, Joint Fiscal Office
Wednesday, May 20, 2026
- Committee(s):
- Senate Committee on Finance,
- -
-
H.648 - An act relating to banking, insurance, and securities
House Proposals of Amendment Vote
Committee Documents
An act relating to banking, insurance, and securities
Witnesses Who Testified
Regular Session 2025-2026
House Committee on Appropriations
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
- Patrick Titterton, Senior Fiscal Analyst, Joint Fiscal Office
House Committee on Commerce and Economic Development
- Carrie Allen, President, Association of Vermont Credit Unions
- Christopher Curtis, Director, Consumer Assistance Program, Vermont Attorney General's Office
- Chris D'Elia, President, Vermont Bankers' Association
- Chris Delia, President, Vermont Bankers' Association
- Jamie Feehan, Government Relations Director, Primmer Piper Eggleston & Cramer PC
- Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
- Ari Fishman, Business Owner
- Colin Hilliard, Associate State Director - Advocacy and Outreach, AARP VT
- Larry Lipka, Senior Vice President, General Counsel, CoinFlip
- Ethan McLaughlin, Assistant General Counsel, Department of Financial Regulation
- Jennifer Rood, Staff Attorney, Department of Financial Regulation
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
- Heather Shouldice, President, William Shouldice & Associates LLC
- Amanda Smith, Deputy Commissioner of Securities, Department of Financial Regulation
- Joe Valenti, Director of Policy, Department of Financial Regulation
House Committee on Ways and Means
- Chris D'Elia, President, Vermont Bankers' Association
- Colin Hilliard, Associate State Director - Advocacy and Outreach, AARP VT
- Rep. Herb Olson, Sponsor, Addison-4
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
- Patrick Titterton, Senior Fiscal Analyst, Joint Fiscal Office
- Joe Valenti, Director of Policy, Department of Financial Regulation
Senate Committee on Appropriations
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
- Patrick Titterton, Senior Fiscal Analyst, Joint Fiscal Office
Senate Committee on Finance
- Carrie Allen, President, Association of Vermont Credit Unions
- Chris D'Elia, President, Vermont Bankers' Association
- Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
- Sarah Heim, Securities Director of Examinations and Enforcement, Department of Financial Regulation
- Geoff Hesslink, The Business Bank
- Noel Hudson, Director of Insurance Regulation
- Jennifer Rood, Staff Attorney, Department of Financial Regulation
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
- Kaj Samsom, Commissioner, Department of Financial Regulation
- Diane Sherman, Assistant General Counsel, Department of Financial Regulation
- Amanda Smith, Deputy Commissioner of Securities, Department of Financial Regulation
- Patrick Titterton, Senior Fiscal Analyst, Joint Fiscal Office
- Joe Valenti, Director of Policy, Department of Financial Regulation
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.648 in the Regular Session 2025-2026.
No committee of conference members found for H.648 in the Regular Session 2025-2026.
An act relating to banking, insurance, and securities
Committee of Conference Meetings
Regular Session 2025-2026
| Meeting Date | Committee | Time | Actions |
|---|
An act relating to banking, insurance, and securities
Committee of Conference Meeting Full List
Regular Session 2025-2026
No committee of conference meeting history found for H.648 in the Regular Session 2025-2026.
No committee of conference report found for H.648 in the Regular Session 2025-2026.
Act
An act relating to banking, insurance, and securities
Statutes Affected
Regular Session 2025-2026
| Statute |
|---|
| 8 V.S.A. § 19. Financial Institution Supervision Fund; fees and departmental expenses |
| 8 V.S.A. § 80. Recodified. 2025, No. 142 (Adj. Sess.), § 56 [Repealed] |
| 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. § 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. § 2117. Examinations and investigations; examination fees |
| 8 V.S.A. § 2247. Commercial financing [Effective July 1, 2027] |
| 8 V.S.A. § 2252. License required; financial stability |
| 8 V.S.A. § 2260. Annual reports |
| 8 V.S.A. § 2503. Definitions |
| 8 V.S.A. § 2506. Application for license; additional information |
| 8 V.S.A. § 2507. Money transmission kiosk registration |
| 8 V.S.A. § 2519. Activities of check cashers and currency exchanges |
| 8 V.S.A. § 2571. Definitions |
| 8 V.S.A. § 2573. Conditions precedent to engaging in virtual-currency business activity |
| 8 V.S.A. § 2574. Required disclosures |
| 8 V.S.A. § 2577. Virtual-currency kiosk prohibition |
| 8 V.S.A. § 3317. Insurance Regulatory and Supervision Fund |
| 8 V.S.A. § 3441. Formation of a mutual insurance holding company |
| 8 V.S.A. § 3470. Repealed. 2025, No. 142 (Adj. Sess.), § 56, eff. July 1, 2026. |
| 8 V.S.A. § 3561. Annual and quarterly statements |
| 8 V.S.A. § 3811. Dependents' coverage |
| 8 V.S.A. § 4724. Unfair methods of competition or unfair or deceptive acts or practices defined |
| 8 V.S.A. § 10101. Repealed. 2025, No. 142 (Adj. Sess.), § 15, eff. July 1, 2026. |
| 8 V.S.A. § 10201. Statement of policy on financial privacy |
| 8 V.S.A. § 10202. Definitions |
| 8 V.S.A. § 10203. Disclosure of financial records prohibited |
| 8 V.S.A. § 10204. Exceptions |
| 8 V.S.A. § 10205. Penalties |
| 8 V.S.A. § 10206. Lead solicitations |
| 8 V.S.A. § 10402. Lending reports, disclosures, and standards |
| 8 V.S.A. § 10403. Prohibition on discrimination based on sex, marital status, race, color, religion, national origin, age, sexual orientation, gender identity, or disability |
| 8 V.S.A. § 10404. Home loan escrow accounts |
| 8 V.S.A. § 10405. Debt protection agreements |
| 8 V.S.A. § 10504. Basic banking rules |
| 8 V.S.A. § 10505. Returned check charges |
| 8 V.S.A. § 10601. Application |
| 8 V.S.A. § 10701. Definitions |
| 8 V.S.A. § 10702. Counseling |
| 8 V.S.A. § 10703. Annuities |
| 8 V.S.A. § 10704. Limitation on reverse mortgage loan programs |
| 8 V.S.A. § 11101. Definitions |
| 8 V.S.A. § 12201. Meetings |
| 8 V.S.A. § 13402. Meetings of the governing body |
| 8 V.S.A. § 14301. Loan authority |
| 8 V.S.A. § 30101. Definitions |
| 8 V.S.A. § 31304. Meetings of governing body |
| 8 V.S.A. § 32204. Joint deposits |
| 8 V.S.A. § 32301. Loan authority |
| 8 V.S.A. § 34101. Mergers |
| 9 V.S.A. § 201. Definitions |
| 9 V.S.A. § 5202. Exempt transactions |
| 9 V.S.A. § 5302. Notice filing |
| 9 V.S.A. § 5305. Securities registration filings |
| 9 V.S.A. § 5411. Postregistration requirements |
| 9 V.S.A. § 5602. Investigations and subpoenas |
| 9 V.S.A. § 5603. Civil enforcement |
| 9 V.S.A. § 5604. Administrative enforcement |
| 9 V.S.A. § 5616. Vermont Financial Services Education And Victim Restitution Special Fund |
Staff & Other Information
- Maria Royle, Legislative Counsel