HB 590-FN - AS AMENDED BY THE HOUSE
HOUSE BILL 590-FN
SPONSORS: Rep. Luneau, Merr. 10; Sen. Feltes, Dist 15
COMMITTEE: Commerce and Consumer Affairs
This bill clarifies that the New Hampshire attorney general has authority to enforce certain federal consumer protection laws that may otherwise be exempt from the provisions RSA 358-A.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
8Jan2020... 0898h 19-0622
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
Be it Enacted by the Senate and House of Representatives in General Court convened:
I. Trade or commerce that is subject to the jurisdiction of the bank commissioner, the director of securities regulation, the insurance commissioner, the public utilities commission, the financial institutions and insurance regulators of other states, or federal banking or securities regulators who possess the authority to regulate unfair or deceptive trade practices. This paragraph includes trade or commerce under the jurisdiction of, and regulated by, the bank commissioner pursuant to RSA 361-A, relative to retail installment sales of motor vehicles. No provision of this paragraph shall be construed to alter, limit, or otherwise affect the authority of the New Hampshire attorney general to exercise those enforcement powers conferred under 12 United States Code, section 5552.
HB 590-FN- FISCAL NOTE
AS AMENDED BY THE HOUSE (AMENDMENT #2019-0898h)
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
Estimated Increase / (Decrease)
[ X ] General [ ] Education [ ] Highway [ ] Other
This bill clarifies that the New Hampshire Attorney General has authority to enforce certain federal consumer protection laws that may otherwise be exempt from the provisions of RSA 358-A. The Department of Justice indicates this bill would codify, in state law, that the authority of the Department has been accorded by the federal government to bring certain enforcement actions against state and federal banks. The Department assumes this would likely increase the number of cases the Department would be asked to review under the Consumer Protection Act. Although the bill would increase the number of investigations and prosecutions, the Department cannot estimate such increase and states any fiscal impact is indeterminable.
It is assumed the fiscal impact of the bill would not occur until FY 2021.
Department of Justice
|Feb. 26, 2019||House||Hearing|
|March 8, 2019||House||Exec Session|
|Oct. 23, 2019||House||Exec Session|
|Jan. 3, 2019||Introduced 01/03/2019 and referred to Commerce and Consumer Affairs HJ 3 P. 21|
|Feb. 26, 2019||Public Hearing: 02/26/2019 10:00 am LOB 302|
|March 8, 2019||Subcommittee Work Session: 03/08/2019 09:00 am LOB 302-304|
|March 8, 2019||Executive Session: 03/08/2019 01:30 pm LOB 302-304|
|Retained in Committee|
|Sept. 17, 2019||Subcommittee Work Session: 09/17/2019 10:00 am LOB 302|
|Oct. 1, 2019||Subcommittee Work Session: 10/01/2019 01:00 pm LOB 302|
|Oct. 17, 2019||Subcommittee Work Session: 10/17/2019 01:00 pm LOB 302|
|Oct. 23, 2019||Executive Session: 10/23/2019 12:30 pm LOB 302|
|Committee Report: Ought to Pass with Amendment # 2019-0898h (NT) (Vote 18-1; CC) HC 50|
|Jan. 8, 2020||Amendment # 2019-0898h (NT): AA VV 01/08/2020 HJ 1 P. 34|
|Jan. 8, 2020||Ought to Pass with Amendment 2019-0898h (NT): MA VV 01/08/2020 HJ 1 P. 34|