The General Assembly Raised Bill No. 5208 mandates the Department of Banking to conduct a study on financial transactions 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, 2027. This initiative aims to enhance understanding and oversight of financial transactions occurring in the state.

The bill introduces new legal language, specifically stating that the study will be conducted and reported as a new section effective from the date of passage. There are no deletions from current law in this bill, as it primarily establishes a new requirement for the Department of Banking without altering existing statutes.