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MS SB2007
Bill
Status
Enrolled
3/10/2026
Primary Sponsor
Chris Johnson
Click for details
AI Summary
- Removes the July 1, 2026 sunset date on the Mississippi Department of Banking and Consumer Finance's authority to conduct joint bank examinations with the Federal Reserve
- Applies to examinations of bank holding companies with more than $1 billion in assets that own Mississippi state-chartered banks, including foreign-owned bank holding companies
- The commissioner may join Federal Reserve examinations, issue joint examination reports, and accept Federal Reserve examination reports in lieu of conducting independent examinations
- Prohibits the commissioner from performing examinations of these bank holding companies independent of the Federal Reserve
- No costs may be charged to banks or bank holding companies for the commissioner's participation in joint examinations
Legislative Description
MS Dept. of Banking and Consumer Finance; delete repealer on authority to join certain exams with the Federal Reserve.
Last Action
Due From Governor 03/16/26
3/10/2026
Committee Referrals
Banking and Financial Services2/6/2026
Business and Financial Institutions1/6/2026
Full Bill Text
No bill text available