NJ S3572 | 2024-2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 12 2024 - 25% progression
Action: 2024-09-12 - Introduced in the Senate, Referred to Senate Commerce Committee
Pending: Senate Commerce Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on September 12 2024 - 25% progression
Action: 2024-09-12 - Introduced in the Senate, Referred to Senate Commerce Committee
Pending: Senate Commerce Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Requires State-chartered financial institutions to increase minimum reserve balances by five times amount of previous year's losses relating to fraud and theft.
Title
Requires State-chartered financial institutions to increase minimum reserve balances by five times amount of previous year's losses relating to fraud and theft.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-09-12 | Senate | Introduced in the Senate, Referred to Senate Commerce Committee |
Same As/Similar To
A4681 (Same As) 2024-09-12 - Introduced, Referred to Assembly Financial Institutions and Insurance Committee
Subjects
New Jersey State Sources
| Type | Source |
|---|---|
| Summary | https://www.njleg.state.nj.us/bill-search/2024/S3572 |
| Text | https://pub.njleg.gov/Bills/2024/S4000/3572_I1.HTM |
