Order

2025R: HB1378 ACT 204

TO AMEND THE COMPOSITION AND MEETING REQUIREMENTS OF THE STATE BOARD OF FINANCE; AND TO REPEAL THE REQUIREMENTS FOR THE EMPLOYMENT OF A CHIEF COMPLIANCE OFFICER BY THE STATE BOARD OF FINANCE.

Latest action: Notification that HB1378 is now Act 204

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Sponsor	Role
Beaty Jr.	lead
Hill	primary

When	Chamber	Action
Feb 3, 2025, 1:43 p.m. CT	House	Filed
Feb 3, 2025, 5:28 p.m. CT	House	Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE
Feb 5, 2025, 1:24 p.m. CT	House	Returned by the Committee Do Pass
Feb 6, 2025, 3:02 p.m. CT	House	Read the third time and passed and ordered transmitted to the Senate. ·
Feb 6, 2025, 5:31 p.m. CT	Senate	Received from the House.
Feb 6, 2025, 5:31 p.m. CT	Senate	Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE
Feb 25, 2025, 1:56 p.m. CT	Senate	Returned by the Committee, with the recommendation that it Do Pass
Feb 26, 2025, 2:20 p.m. CT	Senate	Read the third time and passed. ·
Feb 26, 2025, 2:20 p.m. CT	Senate	Returned to the House as passed.
Feb 26, 2025, 3:15 p.m. CT	House	Returned from the Senate as passed.
Feb 26, 2025, 3:15 p.m. CT	House	TO BE ENROLLED
Feb 26, 2025, 3:15 p.m. CT	House	Correctly enrolled and ordered transmitted to the Governor's Office.
Feb 27, 2025, 5:25 p.m. CT	House	Notification that HB1378 is now Act 204

Meetings

When	Meeting	Video
Feb 5, 2025, 10:00 a.m. CT	House Insurance and Commerce Committee · Committee Room 149	Video Add to Google Calendar Add to Apple Calendar
Feb 6, 2025, 1:30 p.m. CT	House Meeting · House	Video Add to Google Calendar Add to Apple Calendar
Feb 25, 2025, 10:00 a.m. CT	Senate Insurance - Commerce · Senate Room 171	Video Add to Google Calendar Add to Apple Calendar
Feb 26, 2025, 1:30 p.m. CT	Senate Floor Session · Senate Chamber	Video Add to Google Calendar Add to Apple Calendar

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Fiscal impact

DFA1 · Feb 4, 2025

Fiscal Impact Statement Bill: HB1378 Bill Subtitle: TO AMEND THE COMPOSITION AND MEETING REQUIREMENTS OF THE STATE BOARD OF FINANCE; AND TO REPEAL THE REQUIREMENTS FOR THE EMPLOYMENT OF A CHIEF COMPLIANCE OFFICER BY THE STATE BOARD OF FINANCE. --------------------------------------------------------------------------------------------------------------------------------------- Sponsors: Rep. Beaty and Sen. Hill Basic Change: HB1378 alters the operation and composition of the State Board of Finance by: • Reducing from seven to six the number of board members required to reach a quorum; • Replacing the Securities Commissioner with the Secretary of Transformation and Shared Services as a member of the board; • Eliminating the requirement that the board employ the chief compliance officer; and • Allowing the Governor's designee to serve on the board in his or her absence. Act 475 of 2023 transferred the administrative duties of the State Securities Department to the State Bank Department and allowed the Bank Commissioner to act as the Securities Commissioner. HB1378 will ensure that two board positions are not held by a single individual by replacing the Securities Commissioner with th

Committee actions

Do Pass · Senate · Feb 25, 2025, 1:56 p.m. CT
Returned by the Committee, with the recommendation that it Do Pass
Do Pass · House · Feb 5, 2025, 1:24 p.m. CT
Returned by the Committee Do Pass

Floor roll calls

Senate · RCS 348

Wednesday, February 26, 2025 2:20:25 PM · arkleg

35Yea

0Nay

0Not voting

0Present

0Excused

Yea (35)

House · RCS 123

Thursday, February 6, 2025 3:02:34 PM · arkleg

94Yea

0Nay

6Not voting

0Present

0Excused

Yea (94)

Not voting (6)

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Last checked Nov 12, 2026, 9:26 p.m. CT.

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