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SB 85 · 2025 · Senate · Commerce Committee

Bank lending limits and new bank rules

AI-generated

relative to chartered bank lending limits.

Raises the amount of money a chartered bank may loan to a single borrower and shortens the de novo status period for newly chartered banks.AI-generated

Status

Signed into law · July 22, 2025
  1. ✓Introduced
  2. ✓Senate
  3. ✓House
  4. ✓Governor
  5. ✓Law

Analysis

This bill: I. Raises the amount of money a bank can loan to a single borrower. II. Shortens the de novo status period for new banks.

From the bill's official ANALYSIS section.

In the bill's words

Quoted verbatim from the bill as enacted. Passages chosen from the operative text.Computed by this site

“The total liabilities of a person for money borrowed from a depository bank shall not exceed the limitation prescribed for national banks under federal law, or the following limitations, whichever is greater:”
Section 225:1
“The organizer of a state bank shall apply for a charter by filing an application under RSA 383-A:6-602.”
Section 225:3
“Notwithstanding the foregoing, the commissioner may extend the 3 year period by an additional 2 years for any depository bank subject to this section, if the commissioner determines such extension is necessary in the interest of safety and soundness.”
Section 225:4
“To qualify for the higher limitation in clause (ii), the depository bank shall perfect a security interest under applicable law and the obligations of the United States shall have a current market value at all times of at least 100 percent of the amount of the liabilities that exceed the limitation in clause (i).”
Section 225:1

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Sen. Howard PearlRPrimeChair· Executive Departments and Administration
  • Sen. Timothy LangRMajority Whip
  • Sen. Daniel InnisRChair· Commerce
  • Sen. Cindy RosenwaldDDeputy Democratic Leader
  • Sen. Keith MurphyRDeputy President Pro Tempore
  • Sen. Mark McConkeyRChair· Capital Budget
  • Rep. Dan McGuireRVice Chair· Finance
  • Rep. Michael MoffettRChair· State-Federal Relations and Veterans Affairs
  • Rep. John HuntRChair· Commerce and Consumer Affairs
  • Rep. John PotucekRVice Chair· Commerce and Consumer Affairs

Also: Sen. Tara ReardonD, Sen. Tim McGoughR, Sen. David WattersD

Public testimony

5 signed in online

60% support40% oppose0% neutral

Read the testimony · as of Aug 12, 2026

Votes

yeanay
Starting text: Bill as introduced
  • Mar 20, 2025SenateCommittee report: Ought to Pass with Amendment # 2025-0907s6–0
    Overall
    100% yea
  • Mar 20, 2025SenateVoice voteCommittee amendment 2025-0907sadopted
  • Mar 20, 2025SenateVoice voteOught to Pass with Amendment #2025-0907sadopted
    Resulting text: Bill as amended by the Senate
  • May 27, 2025HouseCommittee report· consent calendar: Ought to Pass16–0
    Overall
    100% yea
  • Jun 5, 2025HouseVoice voteOught to Passadopted
  • Jun 26, 2025SenateVoice voteEnrolledadopted

Hearings and debates

  • Mar 4, 2025Public hearingSenate Commerce1:47:55–1:55:117m 16slocated in the stream transcriptHearing
  • Mar 20, 2025Floor debateSenate floorWatchnot located in the transcript — opens the full streamCommittee Report: Ought to Pass with Amendment # 2025-0907s; Ought to Pass with Amendment #2025-0907s — adopted, voice vote; Committee Amendment # 2025-0907s — adopted, voice vote
  • Apr 22, 2025Public hearingHouse Commerce and Consumer Affairs1:06:42–1:15:338m 51slocated in the stream transcriptPublic Hearing
  • May 6, 2025Public hearingHouse Commerce and Consumer Affairs1:04:36–1:05:411m 5slocated in the stream transcriptSubcommittee Work Session
  • May 27, 2025Public hearingHouse Commerce and Consumer AffairsWatchnot located in the transcript — opens the full streamCommittee Report: Ought to Pass; Executive Session
  • Jun 5, 2025Floor debateHouse floorWatchnot located in the transcript — opens the full streamOught to Pass — adopted, voice vote
  • Jun 26, 2025Floor debateSenate floorWatchnot located in the transcript — opens the full streamEnrolled Adopted — voice vote

Timestamps locate where this bill is taken up in the chamber's YouTube stream.

Legislative history

  1. Jan 9, 2025SenIntroduced 01/09/2025 and Referred to Commerce; SJ 3
  2. Mar 4, 2025SenHearing: 03/04/2025, Room 100, SH, 11:15 am; SC 11
  3. Mar 20, 2025Sen: Ought to Pass with Amendment # 2025-0907s, 03/20/2025; Vote 6-0; CC; SC 13
  4. Mar 20, 2025SenCommittee Amendment # 2025-0907s, AA, VV; 03/20/2025; SJ 8
  5. Mar 20, 2025SenOught to Pass with Amendment #2025-0907s, MA, VV; OT3rdg; 03/20/2025; SJ 8
  6. Mar 27, 2025HouseIntroduced (in recess of) 03/27/2025 and referred to Commerce and Consumer Affairs HJ 11 P. 110
  7. Apr 22, 2025HousePublic Hearing: 04/22/2025 02:00 pm LOB 302-304
  8. May 6, 2025HouseSubcommittee Work Session: 05/06/2025 10:00 am LOB 302-304
  9. May 27, 2025HouseExecutive Session: 05/27/2025 01:15 pm LOB 302-304
  10. May 27, 2025House: Ought to Pass 05/27/2025 (Vote 16-0; CC) HC 27 P. 7
  11. Jun 5, 2025HouseOught to Pass: MA VV 06/05/2025 HJ 16 P. 4
  12. Jun 26, 2025HouseEnrolled (in recess of) 06/26/2025 HJ 18 P. 59
  13. Jun 26, 2025SenEnrolled Adopted, VV, (In recess 06/26/2025); SJ 18
  14. Jul 15, 2025SenSigned by the Governor on 07/15/2025; Chapter 0225; Effective 07/15/2025

Coverage

No reporting linked yet.

Documents (PDF)

Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.