Business, Labor, and Economic Development Interim Committee
TO: Business, Labor, and Economic Development Interim Committee
FROM: Mary Catherine Perry, Research Analyst
DATE: July 2, 1998
SUBJECT: July 15, 1998 Meeting
Sen. L. Steven Poulton and Rep. Peter C. Knudson have scheduled a meeting of the Business, Labor, and Economic Development Interim Committee as follows:
DATE: Wednesday, July 15, 1998
TIME: 2:00 p.m.
PLACE: Room 403 State Capitol
An agenda is enclosed. If you are unable to attend, please call me or Beverlee LeCheminant at 538- 1032.
Sen. David L. Buhler
Sen. Eddie "Ed" P. Mayne
Sen. Michael G. Waddoups
Sen. Blaze D. Wharton
Rep. Gerry A. Adair
Rep. Eli H. Anderson
Rep. Patrice M. Arent
Rep. Steve Barth
Rep. Afton B. Bradshaw
Rep. Katherine M. Bryson
Rep. Don E. Bush
Rep. Wayne A. Harper
Rep. Bradley T. Johnson
Rep. Brad King
Rep. Loraine T. Pace
Rep. Glenn L. Way
Rep. David L. Zolman, Sr.
BUSINESS, LABOR, AND ECONOMIC DEVELOPMENT INTERIM COMMITTEE
Wednesday, July 15, 1998 _ 2:00 p.m. _ Room 403 State Capitol
2:00 p.m. 1. Call to Order
* Approval of Minutes from June 17, 1998
2:10 p.m. 2. Committee Business
2:15 p.m. 3. Overview of Financial Institutions Industry
The committee will receive an overview of the financial institutions industry including the dual banking system and Year 2000 (Y2K).
* Staff Briefing
* Mr. Ed Leary, Commissioner, Department of Financial Institutions
2:30 p.m. 4. Update on the Regulations of Banks and Credit Unions
The committee will receive an update on the regulation of banks and credit unions, including an update on recent litigation involving banks and credit unions.
* Staff Briefing
* Mr. Howard Headlee, President, Utah Bankers Association
* Mr. Scott Earl, President, Utah League of Credit Unions
* Mr. Ed Leary, Commissioner, Department of Financial Institutions
3:00 p.m. 5. Consumer Protection Involving Depository Institutions Offering Insurance
The committee will study options for providing consumer protection for customers purchasing insurance services from depository institutions.
* Staff Briefing
* Rep. John Valentine
* Mr. Merwin Stewart, Commissioner, Department of Insurance
* Mr. Steve Nielsen, Legal Counsel, Department of Financial Institutions
* Mr. Steve Baugh, Executive Director, Independent Insurance Agents
* Public Comment
* Committee Discussion
4:00 p.m. 6. Caps on Interest Rates
The committee will study Utah's laws regarding interest rates, and the need, if any, for legislative change.
* Staff Briefing
* Rep. Wayne Harper
* Mr. Howard Headlee, President, Utah Bankers Association
* Mr. Scott Earl, President, Utah League of Credit Unions
* Mr. Ed Leary, Commissioner, Department of Financial Institutions
* Mr. George Sutton, Attorney, Utah Association of Financial Services
* Mr. Scott McCagno, President, Consumer Credit Counseling
* Public Comment
* Committee Discussion
*
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