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HB 1502 · 2026 · House · Commerce and Consumer Affairs Committee

Special-purpose bank deposit rules

AI-generated

governing special bank and credit union deposits.

Regulates deposits held at banks and credit unions that are designated for a specific, contingent purpose on behalf of a beneficiary.AI-generated

Status

Signed into law · July 10, 2026
  1. ✓Introduced
  2. ✓House
  3. ✓Senate
  4. ✓Governor
  5. ✓Law

Analysis

This bill regulates deposits held at banks and credit unions that are used for a specific, contingent purpose on behalf of a beneficiary.

From the bill's official ANALYSIS section.

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. John HuntRPrimeChair· Commerce and Consumer Affairs

Public testimony

3 signed in online · 2 wrote testimony

33% support67% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“I oppose this bill because it does not expand transparency, protections, or meaningful benefits for New Hampshire residents.”
— Tiffany Gladu, Goffstownopposes
“This just seems like an unneccesary and complicated way to launder money. No thanks.”
— Kelly Butler, Gilsumopposes

Verbatim excerpts of submitted testimony, quoted from the testimony tool.

Read the testimony · as of Aug 12, 2026

Hearings

  • 2026-01-2910:00 amHouse Commerce and Consumer AffairsGP 229Public hearing
  • 2026-02-182:00 pmHouse Commerce and Consumer AffairsGP 229Public hearing
  • 2026-03-031:00 pmHouse Commerce and Consumer AffairsGP 229Public hearing
  • 2026-03-319:30 amSenate CommerceSH 100Public hearing

Legislative history

  1. Jan 7, 2026HouseIntroduced 01/07/2026 and referred to Commerce and Consumer Affairs HJ 1 P. 23
  2. Jan 29, 2026HousePublic Hearing: 01/29/2026 10:15 am GP 229
  3. Feb 18, 2026HouseFull Committee Work Session: 02/18/2026 02:00 pm GP 229
  4. Mar 3, 2026HouseExecutive Session: 03/03/2026 01:00 pm GP 229
  5. Mar 3, 2026House: Ought to Pass 03/03/2026 (Vote 14-0; CC) HC 10 P. 8
  6. Mar 11, 2026HouseOught to Pass: MA VV 03/11/2026 HJ 7 P. 12
  7. Mar 12, 2026SenIntroduced 03/12/2026 and Referred to Commerce; SJ 7
  8. Mar 31, 2026SenHearing: 03/31/2026, Room 100, SH, 10:25 am; SC 11
  9. May 7, 2026Sen: Ought to Pass, 05/07/2026; Vote 5-0; CC; SC 17
  10. May 7, 2026SenOught to Pass: MA, VV; OT3rdg; 05/07/2026; SJ 11
  11. Jun 4, 2026SenEnrolled Bill Amendment # 2026-2139e Adopted, VV, (In recess of 06/04/2026); SJ 14
  12. Jun 4, 2026HouseEnrolled Bill Amendment # 2026-2139e: AA VV (in recess of) 06/04/2026 HJ 15
  13. Jun 4, 2026SenEnrolled Adopted, VV, (In recess 06/04/2026); SJ 14
  14. Jun 4, 2026HouseEnrolled (in recess of) 06/04/2026 HJ 15
  15. Jul 2, 2026HouseSigned by Governor Ayotte 07/02/2026; Chapter 228; eff. 8/31/2026

Coverage

No reporting linked yet.

Documents (PDF)

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