Senate Bill No. 301 mandates the Department of Banking to conduct a study on signature guarantee programs available at financial institutions within the state. The study will assess the accessibility of these programs for consumers seeking guarantees, as defined by relevant federal regulations. The Department is required 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 1, 2027.

The bill introduces new legal language, specifically stating the Department's obligation to conduct the study and submit the report, while there are no deletions from current law. The fiscal impact of the bill is noted to be none, as the Department of Banking possesses the necessary resources to fulfill the study's requirements.