MBA Legislative Update masthead
February 23, 2024

House Passes Bill Increasing MOBUCK$ Cap

MBA-priority legislation to increase the cap on the state’s MOBUCK$ program took a major step forward this week. By a 138-10 vote, representatives approved House Bill 1803 and sent it to the Senate. The bill is expected to be referred to the Senate Insurance and Banking Committee next week. MBA thanks Rep. Terry Thompson, R-Lexington, for ushering the legislation through the House process. Sen. Sandy Crawford, R-Buffalo, will handle the bill in the Senate.

House Committee Unanimously Approves Omnibus Measures

The House Financial Institutions Committee created two omnibus bills this week and voted them out unanimously. This includes the following.

  • House Bill 1725 — The original bill modifies provisions relating to green bonds. Amendments include provisions relating to municipal bonds (House Bill 1726) and the Missouri Uniform Fiduciary Income and Principal Act (House Bill 1987).
  • House Bill 2087 — The original bill modifies payments to health care providers. One of the amendments includes MBA-supported language to allow the cost of a credit report on consumer loans to be passed to consumers (House Bill 2086). Other amendments address the following.

Bill Updating UCC Referred to House Committee

Rep. Justin Hicks, R-Lake St. Louis, filed the 2022 amendments to the Uniform Commercial Code this week. House Bill 2780 has already been referred to the Special Committee on Public Policy and will likely receive a hearing in the coming weeks. This bill is similar to the version filed last year but does include language to prohibit the use of a “central bank digital currency” by a public entity. This provision was added after opposition to last year’s bill.

Senate Approves First Bill of Session

The Senate approved a Republican priority this week. Senate Joint Resolution 74 increases the vote threshold required to place an initiative petition on the ballot. This was the first bill the Senate approved this session.

MBA Resources

Target Banker Program

Make your voice heard! Become a Target Banker so lawmakers in Jefferson City hear directly from you, their constituents, about how issues important to the banking industry affect their districts.

woman ipad earbuds

Listen To MBA's New Podcast

Have you listened to Our Two Cents with MBA podcast? It's available on iTunes, Apple PodcastsGoogle Podcasts and Spotify. Give it a try, and let us know what you think.

apply now

MBA Job Board

Visit MBA's Job Board to learn more about these exciting opportunities.
  • The Bank of Prairie Village in metropolitan Kansas City has opportunities for a credit analyst and banking associate to join its team.
  • Ozark Bank seeks a compliance officer to oversee and coordinate regulatory compliance and risk management.