Bryan Townsend
- Democratic
- Senator
- District 11
Primary
This Act authorizes the creation and regulation of a new type of limited-purpose bank, the "Business Development Bank." Modeled on Delaware's successful credit card bank laws, this Act would allow Business Development Banks, or "BDBs," to concentrate their resources in the commercial lending space, leverage technology and expertise, and partner with existing banks to serve a broader spectrum of small to medium-sized businesses. This Act would limit the permissible activities of the BDBs to ensure that they cannot compete with existing banks for consumer customers or to provide several other forms of bank or trust services.
No votes to display
Reported Out of Committee (Banking, Business & Insurance) in Senate with 4 On Its Merits
Amendment SA 1 to SB 211 - Introduced and Placed With Bill
Introduced and Assigned to Banking, Business & Insurance Committee in Senate
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