SB 408

  • Indiana Senate Bill
  • 2022 Regular Session
  • Introduced in Senate
  • Passed Senate Jan 25, 2022
  • Passed House Feb 21, 2022
  • Signed by Governor Mar 07, 2022

Community investments by financial institutions.

Abstract

Amends the statute authorizing a bank or trust company to make investments in community based economic development to also authorize investments in: (1) any community and economic development entity, community development project, or other public welfare investment; and (2) tax equity finance transactions; subject to the investments being made in compliance with applicable federal regulations and any regulation, rule, policy, or guidance adopted by the department of financial institutions. Authorizes savings banks and savings associations to engage in tax equity finance transactions.

Bill Sponsors (8)

Votes


Actions


Mar 07, 2022

Senate

Public Law 31

Office of the Governor

Signed by the Governor

Senate

Signed by the President of the Senate

Mar 01, 2022

Senate

Signed by the President Pro Tempore

House

Signed by the Speaker

Feb 22, 2022

House

Returned to the Senate without amendments

Feb 21, 2022

House

Third reading: passed; Roll Call 215: yeas 93, nays 1

Feb 17, 2022

House

Second reading: ordered engrossed

Feb 15, 2022

House

Committee report: do pass, adopted

Feb 01, 2022

House

First reading: referred to Committee on Financial Institutions and Insurance

  • Reading-1
  • Referral-Committee
financial institutions and insurance

Jan 26, 2022

Senate

Referred to the House

Jan 25, 2022

Senate

Senator Sandlin added as coauthor

Senate

Third reading: passed; Roll Call 84: yeas 46, nays 0

Senate

House sponsor: Representative Carbaugh

Senate

Cosponsor: Representative Lehman

Senate

Senator Walker K added as second author

Senate

Senator Baldwin added as coauthor

Senate

Senator Randolph added as coauthor

Jan 24, 2022

Senate

Second reading: ordered engrossed

Jan 20, 2022

Senate

Senator Bohacek added as coauthor

Senate

Committee report: amend do pass, adopted

Jan 12, 2022

Senate

Authored by Senator Zay

Senate

First reading: referred to Committee on Insurance and Financial Institutions

  • Reading-1
  • Referral-Committee
insurance and financial institutions

Bill Text

Bill Text Versions Format
Introduced Senate Bill (S) PDF
Senate Bill (S) PDF
Senate Bill (H) PDF
Enrolled Senate Bill (S) PDF

Related Documents

Document Format
Fiscal Note: SB0408.04.ENRH.FN001 PDF

Sources

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