Mississippi legislation · 2026 Regular Session
Mississippi HB943: Commissioner of Banking and Consumer Finance; delete repealer on authority to join certain examinations with the Federal Reserve Bank.
Status: Failed, March 3, 2026
AN ACT TO AMEND SECTION 81-1-81, MISSISSIPPI CODE OF 1972, TO DELETE THE REPEALER ON THE PROVISION OF LAW AUTHORIZING THE COMMISSIONER OF BANKING AND CONSUMER FINANCE TO JOIN AN EXAMINATION OR ISSUE A JOINT REPORT OF EXAMINATION WITH THE FEDERAL RESERVE BANK OF CERTAIN BANK HOLDING COMPANIES; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 81-1-81, mississippi code of 1972, to delete the repealer on the provision of law authorizing the commissioner of banking and consumer finance to join an examination or issue a joint report of examination with the federal reserve bank of certain bank holding companies; and for related purposes.
From the engrossed text:
AN ACT TO AMEND SECTION 81-1-81, MISSISSIPPI CODE OF 1972, TO DELETE THE REPEALER ON THE PROVISION OF LAW AUTHORIZING THE COMMISSIONER OF BANKING AND CONSUMER FINANCE TO JOIN AN EXAMINATION OR ISSUE A JOINT REPORT OF EXAMINATION WITH THE FEDERAL RESERVE BANK OF CERTAIN BANK HOLDING COMPANIES; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 81-1-81, Mississippi Code of 1972, is amended as follows: 81-1-81. (1) It shall be the duty of the commissioner to apportion the work of examining banks among the examiners in such a way that each bank, under the provisions of law, shall be examined at least once during an eighteen-month period and more often, if necessary, in the discretion of the commissioner, at irregular intervals and without prior notice. However, neither the commissioner nor any examiner shall examine one (1) bank twice in succession unless the commissioner, for cause, so determines. In the event the commissioner's office, because of workload or other good sufficient cause, is unable to conduct an examination of a bank as provided for in this section, the commissioner *HR26/R447CS* H. B. No. 943 ~ OFFICIAL ~ G1/2 26/HR26/R447CS PAGE 1 (ELS\KW) is * * * authorized to accept the examination of any state bank performed by the Federal Deposit Insurance …
Sponsors
- Shanks, Fred (R, 60) · primary sponsor
Latest actions
- : Died In Committee
- : Referred To Business and Financial Institutions
- : Transmitted To Senate
- : Passed
- : Committee Substitute Adopted
- : Title Suff Do Pass Comm Sub
- : Referred To Banking and Financial Services
Votes
- Passed (February 10, 2026): 119 yea, 0 nay, passed
Subjects: Commissioner of Banking and Consumer Finance
Common questions
- What is HB943?
- HB943 is a bill in the Mississippi Legislature (2026 Regular Session): Commissioner of Banking and Consumer Finance; delete repealer on authority to join certain examinations with the Federal Reserve Bank.
- What does HB943 do?
- In its own words: An act to amend section 81-1-81, mississippi code of 1972, to delete the repealer on the provision of law authorizing the commissioner of banking and consumer finance to join an examination or issue a joint report of examination with the federal reserve bank of certain bank holding companies; and for related purposes.
- What is the status of HB943?
- Failed as of March 3, 2026. Latest action: Died In Committee (March 3, 2026).
- Who sponsored HB943?
- Shanks, Fred (R, 60).
- Where is the official record for HB943?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0943.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.