63rd Montana Legislature, Week One and Week Two
|Oath of office ceremony, Montana House of Representatives.|
|With Lieutenant Governor John Walsh (left), Governor Steve Bullock!|
In the first week on Day Four, I presented two bills to the House Business and Labor Committee. This week, Week Two, those two bills passed the House. The bills will transmit to the Senate in late February, and then I'll present the bills to Senate committees and hopefully, the Senate will pass the bills. After that, it's on to the governor's desk, and into law. The bills are brought at the request of the Department of Administration, specifically for the Banking Commissioner, and one proposes changes to the Retail Installment Sales Act, the other, changes to the Consumer Loan Act. In committee, I presented amendments to the Retail Installment Sales Act on behalf of auto dealers and also for banks, and I'll bring amendments to the Consumer Loan Act after discussion in the House during debate. All in all, these two bills will help protect consumers from fraudulent lenders, ensure that basic business practices are followed (like requiring interest to be computed on the principal of the loan, requiring that receipts are dated, and figuring refunds for loans that are paid in full before the final payment is due.)
I'll post updates from the session, so stay tuned. Call (406 444 4800) anytime, or write me a message that'll be delivered to my desk in the House chamber (http://www.leg.mt.gov/css/sessions/63rd/legwebmessage.asp?LegSessID=4175&Name=JP%20POMNICHOWSKI).
I'll be working on legislation and writing on items of interest as the session progresses!