SB 99 Missouri Senate · 2025 Regular Session

Creates new provisions to prevent fraudulent activity on bank accounts

SB 99 creates new provisions aimed at preventing fraudulent activity on bank accounts. This bill directly affects individuals and entities that hold bank accounts by introducing measures designed to enhance security against fraud. The provided abstract does not detail the specific mechanisms or provisions the bill establishes to achieve this goal.

Bill status in committee 1 of 4 stages cleared

Introduction

Dec 2024

Committee Review

Floor Vote

Governor

Introduced Dec 1, 2024 Last action May 14, 2025

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What changed between versions

Introduced → Senate Committee Substitute · 3 edits

MINOR

The bill was amended to expand its scope from only banks to include both banks and credit unions. This change adds a new section (370.245) that mirrors the trusted contact program provisions originally applied to banks, allowing credit unions to offer similar fraud prevention and emergency contact services to their members.

Scope change

The bill now applies to both banks and credit unions, whereas it previously only applied to banks.

SCOPE

Added credit unions as eligible institutions under the bill, expanding the trusted contact program to cover both banks and credit unions.

DEFINITION

Added a new section 370.245 with definitions and provisions specific to credit unions, mirroring the existing bank provisions in section 362.424.

REQUIREMENT

Updated the bill title and act description to reflect that two new sections are being added to chapters 362 and 370 instead of one section to chapter 362.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 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 (0687S.02C)

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