HOUSE . . . . . . . . No. 4976
The Commonwealth of Massachusetts
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HOUSE OF REPRESENTATIVES, February 1, 2022.
The committee on Financial Services, to whom were referred So much of the recommendations of the Department of the State Treasurer as relates to the deposit of public monies (House, No. 28); So much of the recommendations of the Department of the State Treasurer as relates to surety bonds (House, No. 29); the petition (accompanied by bill, House, No. 1051) of Daniel Cahill relative to licensing and supervision of debt management services by the Division of Banks; the petition (accompanied by bill, House, No. 1054) of Daniel Cahill relative to mortgage review boards and a small business loan review board within the Division of Banks; the petition (accompanied by bill, House, No. 1067) of Paul J. Donato for legislation to encourage retirement planning by establishment of a Massachusetts secure choice savings program; the petition (accompanied by bill, House, No. 1073) of Michelle M. DuBois and Elizabeth A. Malia for legislation to establish a trust fund to protect citizens of the Commonwealth and municipalities impacted by the mortgage foreclosure crisis; the petition (accompanied by bill, House, No. 1088) of William C. Galvin relative to unemployment insurance and family medical leave benefits for certain visiting trainees; the petition (accompanied by bill, House, No. 1099) of Carmine Lawrence Gentile and others for legislation to establish a matched savings account program to be administered by fiscal intermediaries; the petition (accompanied by bill, House, No. 1102) of Carlos González and others relative to community reinvestment goals for banks; the petition (accompanied by bill, House, No. 1108) of Patricia A. Haddad, Lindsay N. Sabadosa and Steven S. Howitt relative to the state credit union charter; the petition (accompanied by bill, House, No. 1126) of Bradley H. Jones, Jr., and others relative to the equitable assessment of banking fees imposed on accounts established for personal, family or household purposes; the petition (accompanied by bill, House, No. 1129) of Bradley H. Jones, Jr., and others for an investigation by a special commission (including members of the General Court) relative to the financial impact of financial technology operations and current bank charter regulations; the petition (accompanied by bill, House, No. 1131) of Hannah Kane and others relative to the disclosure of information of certain persons in the unclaimed property program; the petition (accompanied by bill, House, No. 1138) of Meghan Kilcoyne and others for legislation to establish secure choice retirement savings plans; the petition (accompanied by bill, House, No. 1142) of John J. Lawn, Jr., relative to mortgage licensing fees; the petition (accompanied by bill, House, No. 1159) of Frank A. Moran relative to the mission of credit unions and promoting competition among financial institutions; the petition (accompanied by bill, House, No. 1170) of Alice Hanlon Peisch that the Attorney General promulgate regulations to create a standard disclosure form for residential real estate sales; the petition (accompanied by bill, House, No. 1172) of Alice Hanlon Peisch relative to the Uniform Commercial Code covering provisions dealing with negotiable instruments and bank deposits and collections; the petition (accompanied by bill, House, No. 1205) of Todd M. Smola relative to fees for certain inactive bank accounts; the petition (accompanied by bill, House, No. 1209) of Thomas M. Stanley relative to establishing a structure for qualifying public depositories and rules for the collaterizing of public deposits; the petition (accompanied by bill, House, No. 1213) of Jonathan D. Zlotnik and others for legislation to authorize municipalities to invest in credit unions; the petition (accompanied by bill, House, No. 1219) of Tackey Chan for legislation to require financial institutions to pay late fees upon failure to conduct electronic transfers; the petition (accompanied by bill, House, No. 3817) of Daniel Cahill relative to the Massachusetts Credit Union Share Insurance Corporation; the petition (accompanied by bill, House, No. 3818) of Richard M. Haggerty for legislation to modernize Massachusetts Credit Union Share Insurance Corporation (MSIC) investments; and the petition (accompanied by bill, House, No. 3819) of James J. O'Day relative to the Massachusetts Credit Union Share Insurance Corporation, reports the accompanying Order (House, No. 4976) ought to be adopted.
For the committee,
JAMES M. MURPHY.
HOUSE . . . . . . . . . . . . . . . No. 4976
The Commonwealth of Massachusetts
| House of Representatives, |
Ordered, That the committee on Financial Services be authorized to sit during a recess of the General Court to make an investigation and study of House documents numbered 28, 29, 1051, 1054, 1067, 1073, 1088, 1099, 1102, 1108, 1126, 1129, 1131, 1138, 1142, 1159, 1170, 1172, 1205, 1209, 1213, 1219, 3817, 3818 and 3819, relative to banking.
Said committee shall report to the General Court the results of its investigation and study and its recommendations, if any, together with drafts of legislation necessary to carry such recommendations into effect, by filing the same with the Clerk of the House of Representatives on or before December 31, 2022.