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Found 4 matching documents.
Meeting transcript · Georgia Senate Banking and Financial Institutions Committee · March 17, 2026
Senate Banking and Financial Institutions Committee, March 17, 2026
Summary by Georgia Commons (AI-written): The committee considered four bills. Members voted on a recommendation to pass HB 948, which would add information about claiming leftover foreclosure-sale money to foreclosure notices, but the chair did not explicitly announce the result. The committee unanimously recommended passing HB 1024, which would increase the home equity people may keep in bankruptcy and adjust the limits for inflation. Members also approved HB 1134 with an amendment after discussing personal belongings in repossessed vehicles and protections against wrongful repossession. The committee held a hearing only on HB 1272, concerning state licensing and oversight of payment stablecoin issuers. Members asked about reserves, payments, privacy, revenue and theft risks. The chair said that bill would return to a later meeting, with no date announced.
Sure. We are looking at LC620306S, and this is, um, House Bill 948. All right. Floor is yours. All right. Thank you so much. All right. So someone in my district brought me a challenge. They were foreclosed on a couple years ago, and they found out later on that there was excess funds. They did not understand how to access those funds. Um, there are some...
I don't, but we got, uh, uh, Jeff's here. Yeah, Jeff Ledford with the Real- Jeff, you wanna take the podium for a minute? Sit here with Beth. She's over here. Okay. Thank you. Sure. Do you want me here or ... It don't matter. Yeah, I was just- Where you wanna be. Here, sit right there. I'm gonna change everyone once, once I- Proud to sit next to one of, uh,...
Meeting transcript · Georgia Senate Banking and Financial Institutions Committee · March 24, 2026
Senate Banking and Financial Institutions Committee, March 24, 2026
Summary by Georgia Commons (AI-written): The committee discussed HB 1272, which would establish state oversight of payment stablecoin issuers. Members asked about security, financial backing, issuer approval, transaction speed and borrowing against stablecoins. The sponsor said the proposal closely follows the federal GENIUS Act and would help Georgia lead other states in setting rules. No audience members testified. The committee approved a do-pass motion and sent the bill forward to Rules. No vote count was stated.
get something thrown to us from rules. However, thank you all for serving. Thank you all for being here, and, uh, we appreciate, you know, the, the time it takes to make it happen. We are here today to, uh, talk about House Bill 1272. Chairman Jones is gonna, uh, any- well, he did a remarkable job explaining this to us, uh, last week, and we had, in our...
I know this is a, a lot of restaurants in Atlanta have gone digital, or non, non, or cashless I guess is the best way to say it. Do you think this will just expand that? I think without a doubt, I think you're going to see, because of the ease and the less in, the lesser intermediaries here, uh, we are going to continue to see the digital dollar, and that's...
Meeting transcript · Georgia Senate Banking and Financial Institutions Committee · February 19, 2026
Senate Banking and Financial Institutions Committee, February 19, 2026
Summary by Georgia Commons (AI-written): The committee unanimously approved HB 945, covering suspected financial exploitation, cryptocurrency kiosks and litigation financing oversight, and SB 441, requiring state approval of certain local government investment pools. The committee also held a hearing on SB 424, which would recognize gold and silver as legal tender and establish oversight for storage and electronic payments. Supporters described it as a way to protect purchasing power and make gold easier to use. Opponents questioned the need for state involvement and raised concerns about competition, taxpayer risk and consumer confusion. No vote was taken on that proposal. The chair planned further consideration and a vote on Tuesday.
It's, um, House Bill, uh, 945LC6203105S. 105. I'm sorry, 1, 1, 3- It's your S. 620310S. I couldn't read my own- That's S. If you don't mind, um, Ms. Amy, I understand you're new with the department. Can you introduce yourself and tell us your position? I am. Thank you. Um, I am Amy Patterson. I am General Counsel for the department, uh, officially Deputy...
But, uh, sorta referring to my notes now, just like every year, we're making technical and informing updates, like w- For example, we're streamlining merger notification procedures for financial institutions. We're updating credit report requirements, uh, to reflect- Can you read for me? I'm sorry. These are sections, and I can take you through line by line...
Meeting transcript · Georgia Senate Banking and Financial Institutions Committee · February 24, 2026
Senate Banking and Financial Institutions Committee, February 24, 2026
Summary by Georgia Commons (AI-written): The committee continued its hearing on SB 424, which the sponsor described as allowing gold and silver to be used as money through regulated storage and electronic payments. Members questioned fees, fraud protection, investment risks, lost tax revenue and the need for state involvement. Witnesses supported recognizing gold and silver as legal tender but differed over the proposed depository system and the state's role. The committee voted 5–3 to advance the bill to Rules.
Sure. On a typical credit, uh, Visa or MasterCard, there's fees associated with that. I'm trying to figure out where would these, where would these monies go, these fees? Who's c- who's actually collecting the monies? What organization out there controls this process? It could be any of our MasterCa- the, for instance, the card that I currently carry with...
Right. What we're asking the State of Georgia to do is not to be, to be an overseer like we- they are oversee other things, not to collect money. I'm concerned about the fees being paid, so I'm just trying to figure out who is gonna be collecting all this money from these transaction costs. I'm sorry. Right. And, and, and other states have already done it,...
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