Mississippi Senate Bill 2558 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 4 2014 - 100% progression
Action: 2014-02-04 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 81-1-81, Mississippi Code Of 1972, To Authorize The Commissioner Of Banking And Consumer Finance To Examine A Bank Holding Company In The Same Manner As A Bank; To Amend Section 81-3-1, Mississippi Code Of 1972, To Provide That The Term "bank," When Used In Title 81 Of The Mississippi Code, Includes A Bank Holding Company For The Purposes Of Supervision And Regulation By The Commissioner; To Amend Section 81-5-28, Mississippi Code Of 1972, To Provide That The Commissioner Shall Have General Supervision Over Bank Holding Companies And The Operation And Business Of Bank Holding Companies To The Same Extent As The Commissioner Is Authorized To Supervise And Regulate State Banks; To Amend Section 81-14-401, Mississippi Code Of 1972, To Remove The Prohibition On The Department Supervising Certain Bank Holding Companies Of Savings Banks; To Amend Section 81-1-127, Mississippi Code Of 1972, To Provide That A Bank Officer Or Employee Who Has Been Permanently Removed By The Commissioner Shall Not Be Eligible To Hold A Position At A Bank Subsidiary, Bank Holding Company Or Any Other Entity Regulated By The Department; To Amend Section 81-5-29, Mississippi Code Of 1972, To Provide That From And After July 1, 2014, Any Proposed Transfer Of Bank Assets To Be Purchased, Held Or Owned By A Bank Securities Corporation Shall Be Subject To The Prior Consent And Approval Of The Commissioner; To Create New Section 81-1-137, Mississippi Code Of 1972, To Authorize The Department Of Banking And Consumer Finance To Establish Programs For The Education Of The Public With Respect To Financial Literacy, Any Provision Of This Title 81 Of The Mississippi Code, Or Any Industry Regulated By The Department; To Authorize The Department And The Office Of Consumer Protection To Coordinate Their Efforts For The Education Programs Authorized For The Department; And For Related Purposes.

Banking & Consumer Finance, Commissioner of; revise certain powers of.

Sen. Gary Jackson [R]

Date	Chamber	Action
2014-02-04	Senate	Died In Committee
2014-01-20	Senate	Referred To Business and Financial Institutions

Type	Source
Summary	https://billstatus.ls.state.ms.us/2014/pdf/history/SB/SB2558.xml
Text	https://billstatus.ls.state.ms.us/documents/2014/html/SB/2500-2599/SB2558IN.htm