Senate Banking and Financial Institutions Committee
Key Moments
Tim Grayson — Tim Grayson’s mentions all relate to the opening procedural handling of the meeting. He notes that, without a quorum, the committee will proceed as a subcommittee and turns the gavel over to the Vice Chair. He is then acknowledged by witnesses and thanked for his leadership, called during quorum and roll checks, records an aye vote, and ultimately returns to chairing the meeting.
Roger Niello — Roger Niello is introduced as the vice chair and takes over presiding, inviting the presenter to proceed. He is then acknowledged by a witness, called during quorum and roll call, and records an aye vote on the consent calendar.
SB972 — The bill is formally introduced for consideration.
SB972 — The author explains the bill modernizes licensing law for non-bank lenders.
SB972 — Described as creating a streamlined licensing process for investment managers and their advised funds.
SB972 — Described as creating a new licensing category for SEC-registered investment advisers.
SB972 — The committee moves on to SB 972 after adopting the consent calendar.
SB972 — The motion is clarified as a due pass motion to the Senate Judiciary Committee.
SB972 — SB 972 passes out of committee with six votes.
Sabrina Cervantes — Sabrina Cervantes is called during quorum and consent calendar roll calls, is recorded as present, and votes aye when called.
Eloise Reyes — Eloise Reyes is repeatedly called during quorum and roll-call proceedings and is ultimately recorded as voting aye on the consent calendar.
Tony Strickland — Tony Strickland was first recorded as present during the quorum check, then noted as voting aye. He was also identified as making the motion for the consent calendar, and later again recorded as voting aye.
SB972 — Witness says the bill would expand lending capital and support economic growth.
SB972 — The witness urges support for the bill.
SB972 — The chair asks for additional support or opposition testimony on the bill.
SB972 — The committee moves toward a vote on the bill.