SB373
To Amend The Arkansas Financial Education Commission.
Last Action (May 5, 2025): Died in House Committee at Sine Die adjournment.
Sponsors
AI-Generated Summary
Senate Bill 373 amends the composition and meeting requirements of the Arkansas Financial Education Commission. The bill removes the Bank Commissioner or their designee from the commission's board of directors and adds a new member designated by the Secretary of State. The board size remains at nine members. Additionally, the bill modifies the meeting requirement, mandating that the board must meet at least twice annually, specifically once in the spring and once in the fall, at the chair's discretion.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries include the Secretary of State, who gains a seat on the commission, and the overall administrative structure of the commission, which is updated to reflect current governance priorities. The state government also benefits from the explicit requirement for biannual meetings, which may provide more consistent oversight and coordination of financial education initiatives.
Who Might Suffer?
The Bank Commissioner or their designee is negatively impacted by the removal of their mandated seat on the board of directors. This change potentially reduces the direct influence of the state's banking regulatory body within the commission's decision-making process.
Vote Records
Third Reading
March 20, 2025View individual votes (35)
| Legislator | Party | Chamber | Vote |
|---|---|---|---|
| Jane English | Republican | Senate | Yea |
| Jonathan Dismang | Republican | Senate | Yea |
| Greg Leding | Democrat | Senate | Yea |
| Missy Irvin | Republican | Senate | Absent |
| Bryan King | Republican | Senate | NV |
| Kim Hammer | Republican | Senate | Yea |
| Stephanie Flowers | Democrat | Senate | Yea |
| Frederick Love | Democrat | Senate | Yea |
| Terry Rice | Republican | Senate | Yea |
| Reginald Murdock | Democrat | Senate | Yea |
| Gary Stubblefield | Republican | Senate | Yea |
| Jim Dotson | Republican | Senate | Yea |
| John Payton | Republican | Senate | Yea |
| Alan Clark | Republican | Senate | Yea |
| Ronald Caldwell | Republican | Senate | Yea |
| Bart Hester | Republican | Senate | Yea |
| Jimmy Hickey | Republican | Senate | Yea |
| Dan Sullivan | Republican | Senate | Yea |
| David Wallace | Republican | Senate | Yea |
| Blake Johnson | Republican | Senate | Yea |
| Justin Boyd | Republican | Senate | Yea |
| Clarke Tucker | Democrat | Senate | Yea |
| Scott Flippo | Republican | Senate | Yea |
| Clint Penzo | Republican | Senate | Yea |
| Mark Johnson | Republican | Senate | Yea |
| Ricky Hill | Republican | Senate | Yea |
| Jamie Scott | Democrat | Senate | Yea |
| Breanne Davis | Republican | Senate | Yea |
| Ben Gilmore | Republican | Senate | Yea |
| Joshua Bryant | Republican | Senate | Yea |
| Matt McKee | Republican | Senate | Yea |
| Jim Petty | Republican | Senate | Yea |
| Steve Crowell | Republican | Senate | Yea |
| Tyler Dees | Republican | Senate | Absent |
| Matt Stone | Republican | Senate | Yea |
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