Revises statutory provisions under Division of Finance by creating a new fund for depositing moneys collected and paid from licensing fees
HB 2423 creates a new "Division of Finance Fund" to manage fees collected from banks and trust companies for regulatory oversight. It replaces old funding rules by requiring these institutions to pay assessments based on their size and regulatory costs into this dedicated fund, rather than general state revenue. The bill ensures leftover funds in the account at year-end are used to reduce future fees for banks and trust companies, rather than being returned to general revenue. This directly affects Missouri banks and trust companies that pay these licensing fees to cover the Division of Finance's regulatory expenses.
Bill status
signed
all 5 stages cleared
Introduction
Dec 2025
Committee Review
Apr 2026
House Passage
Apr 2026
Senate Passage
Apr 2026
Signed into Law
Apr 2026
Introduced Dec 15, 2025
Signed Apr 23, 2026
Maddy AI version diff · 2 comparisons
What changed between versions
Senate Substitute (Senate Floor Substitute)
→
Perfected
·
3 edits
MINOR
The bill text was reformatted from a Senate Substitute version to a Perfected version, removing redundant headers and correcting the layout of the act's title and introductory text. The substantive policy language regarding the repeal of old banking sections and the enactment of new assessment rules for the Division of Finance remains unchanged.
TECHNICAL
Removed the "Senate Substitute" header and replaced it with "SECOND REGULAR SESSION" and "PERFECTED" status indicators, reflecting the bill's progression through the legislative process.
Reorganized the introductory text to clearly identify the bill as House Bill No. 2423, introduced by Representative Oehlerking, and fixed line breaks in the act description.
Adjusted the formatting of the Section A text to align with standard legislative formatting for the perfected version, including the addition of the Chief Clerk's name and the explanatory note about bracketed matter.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
47
Key actions
15
Committee
15
Apr 23, 2026
Signed into law
Approved by Governor (G)
lower
Apr 2, 2026
Lower · Passed
Truly Agreed To and Finally Passed - AYES: 152 NOES: 0 PRESENT: 0
lower
Apr 2, 2026
Lower · Passed
Reported Do Pass (H) - AYES: 8 NOES: 0 PRESENT: 0
lower
Apr 2, 2026
Lower · Passed
Voted Do Pass (H)
lower
Apr 1, 2026
Committee
Referred: Fiscal Review(H)
lower
Apr 1, 2026
Upper · Passed
Third Read and Passed (S) - AYES: 29 NOES: 0 PRESENT: 0
upper
Apr 1, 2026
Upper · Passed
SS Adopted (S)
upper
Apr 1, 2026
Introduced
SS Offered
lower
Apr 1, 2026
Upper · Passed
Reported Do Pass (S)
upper
Mar 30, 2026
Upper · Passed
Voted Do Pass (S)
upper
Mar 25, 2026
Committee
Referred: Fiscal Oversight(S)
upper
Mar 25, 2026
Upper · Passed
Reported Do Pass (S)
upper
Mar 10, 2026
Upper · Passed
Voted Do Pass (S)
upper
Feb 26, 2026
Committee
Second read and referred: Insurance and Banking(S)
upper
Feb 19, 2026
Lower · Passed
Third Read and Passed (H) - AYES: 146 NOES: 0 PRESENT: 3
lower
Feb 10, 2026
Lower · Passed
Reported Do Pass (H) - AYES: 9 NOES: 0 PRESENT: 0
lower
Feb 10, 2026
Lower · Passed
Voted Do Pass (H)
lower
Feb 3, 2026
Committee
Referred: Rules - Administrative(H)
lower
Jan 28, 2026
Lower · Passed
Reported Do Pass (H) - AYES: 13 NOES: 0 PRESENT: 0
lower
Jan 21, 2026
Lower · Passed
Voted Do Pass (H)
lower
Jan 8, 2026
Committee
Referred: Financial Institutions(H)
lower
Dec 15, 2025
Introduced
Prefiled (H)
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Philip Oehlerking
RRepublican
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