Senate 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 joint standing committee of the General Assembly that oversees banking matters by January 15, 2026. The new legal language introduced in this bill includes the establishment of a new section that outlines the requirement for the study and the reporting timeline.

The bill is expected to have no fiscal impact on the state or municipalities, as the Department of Banking possesses the necessary expertise to carry out the study without incurring additional costs. The bill was reported favorably by the Banking Committee with unanimous support, indicating a strong consensus on the importance of addressing banking issues in the state.