Montana SB377: Generally revise laws regarding the banking commission and the state auditor

What the bill says

A bill for an act entitled: "an act generally revising banking laws to place the division of banking and financial institutions under the supervision of the montana state auditor; revising definitions; revising the office of the commissioner of securities and insurance to the office of the commissioner of securities, insurance, and banking and financial institutions; revising laws relating to the administration of the commissioner of banking and financial institutions…

From the engrossed text:

A BILL FOR AN ACT ENTITLED: "AN ACT GENERALLY REVISING BANKING LAWS TO PLACE THE DIVISION OF BANKING AND FINANCIAL INSTITUTIONS UNDER THE SUPERVISION OF THE MONTANA STATE AUDITOR; REVISING DEFINITIONS; REVISING THE OFFICE OF THE COMMISSIONER OF SECURITIES AND INSURANCE TO THE OFFICE OF THE COMMISSIONER OF SECURITIES, INSURANCE, AND BANKING AND FINANCIAL INSTITUTIONS; REVISING LAWS RELATING TO THE ADMINISTRATION OF THE COMMISSIONER OF BANKING AND FINANCIAL INSTITUTIONS; AMENDING SECTIONS 2-15-601, 2-15-602, 5-5-223, 5-5-228, 17-5-1651, 31-1-202, 31-1-703, 31-3-125, 31-3-152, 32-1-109, 32-1-211, 32-1-901, 32-1-902, 32-1-903, 32-1-904, 32-1-905, 32-1-906, 32-1-907, 32-1-908, 32-1-909, 32-1-910, 32-1-911, 32-1912, 32-1-921, 32-2-603, 32-3-102, 32-3-104, 32-3-201, 32-3-202, 32-3-203, 32-3-204, 32-3-205, 32-3-206, 323-207, 32-3-212, 32-3-215, 32-3-216, 32-3-301, 32-3-302, 32-3-303, 32-3-307, 32-3-321, 32-3-322, 32-3-323, 32-3-401, 32-3-403, 32-3-417, 32-3-422, 32-3-609, 32-3-611, 32-3-702, 32-3-703, 32-3-705, 32-3-1003, 32-31004, 32-3-1005, 32-3-1008, 32-3-1009, 32-3-1013, 32-4-306, 32-5-102, 32-6-103, 32-7-101, 32-7-102, 32-9103, AND 32-9-201, MCA; AND PROVIDING A DELAYED EFFECTIVE DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 2-15-601, MCA, is amended to read: "2-15-601. State auditor. There is a state auditor as provided in Article VI, section 1, of the Montana constitution. The state auditor regulates and oversees securities, insurance, and banking and financial institutions in this state." Section 2. Section 2-15-602, MCA, is amended to read: "2-15-602. Deputy state auditor -- commissioner of banking and financial institutions. …

Read the full official text

Sponsors

• Noland, Mark (R, 6) · primary sponsor

Latest actions

1. May 23, 2025: (S) Died in Process
2. March 12, 2025: (S) Missed Deadline for General Bill Transmittal
3. March 5, 2025: (S) 2nd Reading Indefinitely Postponed
4. March 5, 2025: (S) 2nd Reading
5. March 5, 2025: (S) Scheduled for 2nd Reading
6. March 4, 2025: (S) Committee Report
7. March 4, 2025: (S) Committee Executive Action
8. March 3, 2025: (S) Fiscal Note Printed
9. March 3, 2025: (S) Fiscal Note Unsigned
10. March 3, 2025: (S) Fiscal Note Received

Votes

• Indefinitely Postpone -McGillvray (March 5, 2025): 29 yea, 21 nay, passed
• Do Pass (March 5, 2025): 22 yea, 28 nay, failed

Common questions

What is SB377?

SB377 is a bill in the Montana Legislature (2025 Regular Session): Generally revise laws regarding the banking commission and the state auditor.

What does SB377 do?

In its own words: A bill for an act entitled: "an act generally revising banking laws to place the division of banking and financial institutions under the supervision of the montana state auditor; revising definitions; revising the office of the commissioner of securities and insurance to the office of the commissioner of securities, insurance, and banking and financial institutions; revising laws relating to the administration of the commissioner of banking and financial institutions…

What is the status of SB377?

Failed as of May 23, 2025. Latest action: (S) Died in Process (May 23, 2025).

Who sponsored SB377?

Noland, Mark (R, 6).

Where is the official record for SB377?

On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0674