The General Assembly Raised Bill No. 5213 proposes the establishment of a working group tasked with evaluating payroll processing methods used by financial institutions, as well as the time it takes for payroll checks to clear. The working group will be convened by the chairpersons of the joint standing committee on banking and will include various members such as the Banking Commissioner, representatives from a bank and a credit union, and the chairpersons and ranking members of the banking committee or their designees. The group is required to hold its first meeting within sixty days of the bill's passage and will select two co-chairpersons from among its members.

Additionally, the working group is mandated to submit a report detailing its findings and recommendations to the banking committee by January 1, 2027. The group will dissolve upon submitting this report or on January 1, 2027, whichever occurs later. The bill introduces new legal language to establish this working group and outlines its composition and responsibilities, while no deletions from current law are specified.