The General Assembly Raised Bill No. 218 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, 2027. This initiative aims to address and analyze current banking challenges and opportunities in the state.

The bill introduces new legal language, specifically stating that the study will be conducted and reported as a new section under Section 1, effective from the date of passage. There are no deletions from existing law in this bill, as it primarily establishes a new requirement for the Department of Banking. The overall purpose of the bill is to enhance understanding and oversight of banking issues in the state through a comprehensive study and subsequent reporting.