The General Assembly Raised Bill No. 1336 mandates the Department of Banking to conduct a study on banking issues within the state. The bill requires the department to submit a report detailing the findings of this study to the relevant joint standing committee of the General Assembly by January 15, 2026. This initiative aims to address and analyze current banking challenges and practices in the state.
The bill introduces new legal language that establishes the requirement for the study and report, specifically noted as Section 1 from passage New section. Additionally, it removes unnecessary language regarding proposed deletions and additions, streamlining the legislative text for clarity. The overall purpose of the bill is to enhance understanding and oversight of banking issues affecting the state.