Did not become law. It stopped in the House of Representatives's Business and Labor Committee on June 26, 2021. The 2021 session has ended.
2021 Regular Session
House Bill 3340
Provides that court may not stay or prohibit federal home loan bank from exercising rights to collateral pledged by insurer-member that is subject to delinquency proceeding.
What it does
The synopsis the Legislative Assembly published with the bill.
Provides that court may not stay or prohibit federal home loan bank from exercising rights to collateral pledged by insurer-member that is subject to delinquency proceeding. Requires receiver to comply with provisions of Act with respect to claims against insurer-member. Requires federal home loan bank that exercises right to collateral to repurchase any outstanding capital stock that exceeds amount of federal home loan bank stock that insurer-member must hold as minimum investment, subject to certain determinations. Prohibits receiver from voiding transfer of, or obligation to transfer, moneys or property under terms of federal home loan bank security agreement. Declares emergency, effective on passage.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
Its course
March 2 to June 26, 2021, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action3 actions on 3 days
In the House of RepresentativesMar 2 to Jun 26 · stopped116 days
Waiting for a committeeMar 2 to Mar 97 days
Business and LaborMar 9 to Jun 26 · stopped109 days
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the House of Representatives Mar 2 – Jun 26
- Mar 2Introduced
- Mar 9Sent to Business and Labor
- Jun 26Died when the session ended
All 3 actions, as published
- Mar 2First reading. Referred to Speaker's desk.House of Representatives
- Mar 9Referred to Business and Labor.House of Representatives
- Jun 26In committee upon adjournment.House of Representatives