SB 224 DE
AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO BUILDING AND LOAN ASSOCIATION INSURANCE REGULATION.
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Summary
This Act raises the threshold limit requiring a building and loan association to obtain federal deposit insurance from $10,000,000 to $15,000,000. This threshold limit was last increased in 2019. The State Bank Commissioner does not oppose this change. This Act also makes technical corrections to conform existing law to the standards of the Delaware Legislative Drafting Manual.
Sponsors (2)
- Brian Pettyjohn Republican · primary
- Jesse R. Vanderwende Republican · primary
5 coauthors / cosponsors
- David L. Wilson Republican · cosponsor
- Ruth Briggs King · cosponsor
- Ronald E. Gray Republican · cosponsor
- Edward S. Osienski Democratic · cosponsor
- Daniel B. Short Republican · cosponsor
Action history (7)
- Feb 11, 2022 Introduced and Assigned to Banking, Business & Insurance Committee in Senate · upper
- Mar 23, 2022 Reported Out of Committee (Banking, Business & Insurance) in Senate with 5 On Its Merits · upper
- Apr 5, 2022 Passed By Senate. Votes: 19 YES 2 ABSENT · upper
- Apr 6, 2022 Assigned to Economic Development/Banking/Insurance & Commerce Committee in House · lower
- May 3, 2022 Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 7 On Its Merits · lower
- May 12, 2022 Passed By House. Votes: 38 YES 3 ABSENT · lower
- Jun 30, 2022 Signed by Governor · executive
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