Bill H.124 proposes the establishment of an annual supervision and regulation report to be prepared by the Commissioner of Financial Regulation. This report aims to enhance transparency regarding the Department's supervisory and regulatory policies, actions, and the current conditions of the industries it oversees. The report will include a general description of regulatory compliance, financial and market conditions, an assessment of regulatory fees, a review of emerging trends, and any additional relevant information deemed necessary by the Commissioner. The first report is to be submitted to the General Assembly by January 15, 2026, and will continue annually thereafter.

The bill introduces new legal language under 8 V.S.A. 25, which outlines the requirements for the report, including specific content areas to be addressed. Additionally, it states that the act will take effect upon passage. This initiative is intended to provide the public with a clearer understanding of the regulatory landscape and the performance of the financial services sector in Vermont.