SB 98 Missouri Senate · 2025 Regular Session

Modifies various provisions relating to financial institutions

The bill's abstract states it "modifies various provisions relating to financial institutions" but does not specify the exact changes, affected entities, or key mechanisms. Without additional details on the specific provisions being altered, the direct impact on financial institutions or other stakeholders cannot be described. This summary is limited by the lack of concrete policy information in the provided abstract. For a full understanding, the bill's full text or detailed summary would be required.

Bill status passed both 4 of 5 stages cleared

Introduction

Dec 2024

Committee Review

May 2025

Senate Passage

May 2025

House Passage

Apr 2025

Governor

Introduced Dec 1, 2024 Last action May 30, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Senate Committee Substitute → Perfected · 4 edits

MODERATE

The bill was amended to clarify definitions and simplify penalty structures for financial institution fraud. The changes reorganized how terms are defined and streamlined the classification of offenses based on the amount involved and the actor's mental state.

Scope change

The bill's scope remains focused on fraudulent use of accounts at financial institutions, but the language was clarified to ensure consistent application across different types of accounts and institutions.

DEFINITION

Reorganized the definitions section to clearly list 'financial institution' and 'financial institution account' as separate numbered terms for better clarity.

ENFORCEMENT

Simplified the penalty structure by grouping offenses into three clear tiers: under $500 is a misdemeanor, and $500 or more is classified as a felony based on the actor's intent (negligence, recklessness, knowledge, or purposefulness).

Updated the language regarding alternative charges to specify that a prosecutor may charge alternative offenses, clarifying the charging process.

TECHNICAL

Changed references from 'funds' to 'moneys' in several places for consistency throughout the statute.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 30, 2025

Upper · Passed

Reported Duly Enrolled Rules, Joint Rules, Resolutions & Ethics Committee

upper

May 1, 2025

Upper · Passed

Truly Agreed To and Finally Passed

upper

May 1, 2025

Upper · Passed

S Third Read and Passed, as amended

upper

Apr 29, 2025

Lower · Passed

H Third Read and Passed, as amended

lower

Apr 29, 2025

Lower · Passed

HA 9 H offered & adopted (Owen)--(0678S04.05H)

lower

Apr 29, 2025

Lower · Passed

HA 8 H offered & adopted (Clemens)--(0678S04.01H)

lower

Apr 29, 2025

Lower · Passed

HA 7 H offered & adopted (Thompson)--(0678S04.07H)

lower

Apr 29, 2025

Lower · Passed

HA 6 H offered & adopted (Murray)--(0678S04.08H)

lower

Apr 29, 2025

Lower · Passed

HA 5 H offered & adopted (Hardwick)--(0678S04.14H)

lower

Apr 29, 2025

Lower · Passed

HA 4 H offered & adopted (Casteel)--(0678S04.03H)

lower

Apr 29, 2025

Lower · Passed

HA 3 H offered & adopted (Owen)--(0678S04.04H)

lower

Apr 29, 2025

Lower · Passed

HA 2 H offered & adopted (Oehlerking)--(0678S04.15H)

lower

Apr 29, 2025

Lower · Passed

HA 1 H offered & adopted (Oehlerking)--(0678S04.02H)

lower

Apr 29, 2025

Lower · Passed

Reported Do Pass H Fiscal Review

lower

Apr 29, 2025

Lower · Passed

Voted Do Pass H Fiscal Review

lower

Apr 24, 2025

Committee

Referred H Fiscal Review Committee

lower

Apr 24, 2025

Lower · Passed

Reported Do Pass H Rules - Legislative

lower

Apr 23, 2025

Lower · Passed

Voted Do Pass H Rules - Legislative

lower

Apr 10, 2025

Committee

Referred H Rules - Legislative

lower

Apr 3, 2025

Lower · Passed

Reported Do Pass H Financial Institutions

lower

Apr 2, 2025

Lower · Passed

Voted Do Pass H Financial Institutions

lower

Mar 19, 2025

Committee

Referred H Financial Institutions

lower

Feb 27, 2025

Upper · Passed

S Third Read and Passed

upper

Feb 27, 2025

Upper · Passed

Reported from S Fiscal Oversight Committee

upper

Feb 20, 2025

Upper · Passed

Voted Do Pass S Fiscal Oversight Committee

upper

Feb 18, 2025

Committee

Referred S Fiscal Oversight Committee

upper

Feb 18, 2025

Upper · Passed

Reported Truly Perfected S Rules, Joint Rules, Resolutions and Ethics Committee

upper

Feb 18, 2025

Upper · Passed

SS for SCS S offered & adopted (Crawford)--(0678S.04F)

upper

Feb 13, 2025

Upper · Passed

Reported from S Insurance and Banking Committee w/SCS

upper

Feb 11, 2025

Upper · Passed

SCS Voted Do Pass S Insurance and Banking Committee (0678S.03C)

upper

Feb 4, 2025

Upper · Passed

Hearing Conducted S Insurance and Banking Committee

upper

Dec 1, 2024

Introduced

Prefiled

upper

1 primary · 0 co-sponsors