SSB 1086

Where it is now

1. ✓
   Done: IntroducedJanuary 25, 2021
2. ✓
   Done: SubcommitteeJanuary 26, 2021
3. ✓
   Done: Senate committeeFebruary 10, 2021
4. –
   Skipped: Passes the SenateContinued as SF 320
5. –
   Skipped: House committee
6. ✓
   Done: Passes the HouseFebruary 2, 2021
7. Next: To the Governor
8. Next: Signed into law

Became SF 320 → Its progress continues under the new number. Go to SF 320 What’s a funnel?

What’s in it

This bill allows life insurance companies and associations to reinvest cash or cash equivalent collateral for loans from securities held in their legal reserves in repurchase agreements collateralized by securities in United States government obligations maturing in 270 days or more. Under current law, all securities that collateralize repurchase agreements must mature in less than 270 days. “United States government obligations” is described in the bill. The bill applies to cash or cash equivalent reinvestments, by life insurance companies and associations, made in repurchase agreements collateralized by securities, on or after January 1, 2022.

Full bill text · What changed before it passed¹

Senate subcommittee

Named January 26, 2021. On February 4, 2021 it recommended amendment and passage.

• Sen. Zach Whiting R
• Sen. Herman C. Quirmbach DEmail
• Sen. Craig Steven Williams REmail

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

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