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Business, Labor, and Economic Development Interim Committee











NOTICE OF MEETING





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.


COMMITTEE MEMBERS


Sen. L. Steven Poulton, Senate Chair

Rep. Peter C. Knudson, House Chair


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.




AGENDA
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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