CS/HB 1569: Exemption from Regulation for Bona Fide Nonprofit Organizations
GENERAL BILL by Insurance & Banking Subcommittee ; Grant ; (CO-INTRODUCERS) Stevenson ; Tramont
Exemption from Regulation for Bona Fide Nonprofit Organizations; Authorizes FSC to adopt rules prescribing criteria & processes for determining whether organization is bona fide nonprofit organization for specified purpose; provides exemptions from certain regulation for bona fide nonprofit organizations & certain employees of bona fide nonprofit organization that meet specified criteria; requires Office of Financial Regulation to make specified determination; requires office to make such determination based on terms consistent with loan origination in public or charitable context; requires office to periodically examine books & activities of organization & to revoke its status as bona fide nonprofit organization.
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/8/2024 | House |
• Filed |
| 1/9/2024 | House |
• 1st Reading (Original Filed Version) |
| 1/13/2024 | House |
• Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 1/23/2024 | House |
• Added to Insurance & Banking Subcommittee agenda |
| 1/25/2024 | House |
• Favorable with CS by Insurance & Banking Subcommittee • Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed |
| 1/26/2024 | House |
• Referred to Commerce Committee • Now in Commerce Committee • Added to Commerce Committee agenda • 1st Reading (Committee Substitute 1) |
| 1/30/2024 | House |
• Favorable by Commerce Committee • Reported out of Commerce Committee • Bill released to House Calendar • Added to Second Reading Calendar |
| 2/12/2024 | House |
• Bill added to Special Order Calendar (2/15/2024) |
| 2/15/2024 | House |
• Read 2nd time • Added to Third Reading Calendar • Read 3rd time • CS passed; YEAS 118, NAYS 0 |
| 2/15/2024 | Senate |
• In Messages |
| 2/16/2024 | Senate |
• Referred to Rules |
| 2/20/2024 | Senate |
• Received |
| 3/4/2024 | Senate |
• Withdrawn from Rules -SJ 637 • Placed on Calendar, on 2nd reading • Substituted for CS/SB 514 -SJ 638 • Read 2nd time -SJ 637 • Read 3rd time -SJ 638 • CS passed; YEAS 40 NAYS 0 -SJ 638 |
| 3/4/2024 | House |
• In Messages • Ordered enrolled |
| 4/16/2024 |
• Signed by Officers and presented to Governor |
|
| 4/26/2024 |
• Approved by Governor |
|
| 4/29/2024 |
• Chapter No. 2024-134 |
