An Act relative to growth opportunities for state financial institutions
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill, S.723, aims to strengthen the state credit union charter in Massachusetts. It seeks to provide growth opportunities for state financial institutions, likely focusing on improving the structure and regulations governing credit unions within the state. The bill was referred to the Financial Services committee and subsequently heard, indicating an effort to modernize and bolster the credit union system.
Key provisions
- Strengthening the state credit union charter.
- Providing growth opportunities for state financial institutions.
- Likely includes provisions related to regulations and operations of credit unions.
- The bill was heard by the Financial Services committee.
- A hearing was scheduled and rescheduled for October 30, 2025.
Who is affected
- State financial institutions
- Credit unions
- Massachusetts residents who utilize credit union services
Notable changes
- The bill seeks to modernize the existing credit union charter.
- It builds upon previous legislation related to credit union laws (S.575, S.581, S.587, S.623, and S.656).
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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