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 annually thereafter.

The bill introduces new legal language under 8 V.S.A. by adding a section specifically dedicated to the supervision and regulation report. It outlines the content and purpose of the report, ensuring that it serves as a comprehensive resource for the public and lawmakers alike. Additionally, the act is set to take effect upon passage, emphasizing the urgency of implementing this regulatory oversight mechanism.