Wednesday, May 18, 2022 | 1:15 PM | 210 Senate Building

1. Committee Business

· Call to order

· Approval of the minutes of the November 9 and 17, 2021, meetings

2. Adoption of Study Items

The committee will review proposed interim study items for the 2022 Business and Labor Interim Committee, may modify the study item list, and will adopt the study item list.

· Committee staff

· Committee discussion

3. Board of Credit Union Advisors

Absent further action by the Legislature, Utah Code Ann. § 7-9-43, which creates the Board of Credit Union Advisors, will be repealed July 1, 2023. The committee will conduct a sunset review of the statute and determine if it should be reauthorized for up to 10 years, with or without amendments, or allowed to expire.

· Committee staff

· Darryle Rude, Commissioner (Interim), and Paul Allred, Deputy Commissioner, Department of Financial Institutions

· Thomas R. Gourdin, Member, Board of Credit Union Advisors, and President/CEO, Firefighters Credit Union

· Scott F. Simpson, President/CEO, Utah Credit Union Association

· Committee discussion

4. Medical Cannabis Businesses

The committee will study how the medical cannabis and financial services industries interact and discuss potential policy changes.

· Committee staff

· Utah Cannabis Association

o Gary Seelhorst, Vice President of Compliance and Government Affairs, Justice Cannabis Co./BLOC Pharmacy

o Greta Brandt, President/CEO, True North Organics and Perfect Earth Apothecary

o Steve Brewster, CFO/CPA, Beehive Own

· Scott Erickson, Executive Director, Utah Cannabis Co-Op

· Desiree Hennessy, Utah Patients Coalition

· Darryle Rude, Commissioner (Interim), and Paul Allred, Deputy Commissioner, Department of Financial Institutions

· Howard M. Headlee, Utah Bankers Association

· Scott F. Simpson, President/CEO, Utah Credit Union Association

· Committee discussion

5. Duties and Powers of the Insurance Commissioner

Absent further action by the Legislature, Utah Code Ann. § 31A-2-217, Coordination with other states, which relates to the duties and powers of the Insurance Commissioner, will be repealed July 1, 2023. The committee will conduct a sunset review of the statute and determine if it should be reauthorized for up to 10 years, with or without amendments, or allowed to expire.

· Jon Pike, Commissioner, Insurance Department

· Committee discussion

6. Collection Agencies

The committee will review Utah Code Ann., Title 12, Collection Agencies, and determine whether it is still serving its intended purposes or if it needs updating.

· Leigh Veillette, Director, Division of Corporations and Commercial Code

· Committee discussion

7. Hearing Instrument Specialist Licensing Act

Absent further action by the Legislature, Utah Code Ann., Title 58, Chapter 46a, Hearing Instrument Specialist Licensing Act, will be repealed July 1, 2023. The committee will conduct a sunset review of the statute and determine if it should be reauthorized for up to 10 years, with or without amendments, or allowed to expire.

· Committee staff

· Committee discussion

8. Other Items/Adjourn