H 651 Vermont House · 2023-2024 Regular Session

An act relating to the Commissioner of Financial Regulation and an annual supervision and regulation report

This bill requires Vermont's Commissioner of Financial Regulation to submit an annual report to the General Assembly detailing the department's oversight activities. The report must cover regulatory compliance, enforcement actions, consumer complaints, market conditions, and fee assessments across banking, insurance, and securities industries. It also includes emerging industry trends and recommendations for adapting regulations to new products and services. The Commissioner must deliver the first report by January 1, 2025, and continue submitting it annually thereafter. This measure aims to increase transparency about the department's regulatory work and the industries it oversees.
Bill status introduced 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 5, 2024 Last action Jan 5, 2024
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Jan 5, 2024
Introduced
Read first time and referred to the Committee on Commerce and Economic Development
lower
1 primary · 2 co-sponsors

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