It’s day 1 of the 2023 Utah state legislative session. We’ve been tracking the movement of several potential bills. At least one just made the leap from idea to bill.
Here’s what we’re seeing right out of the gate:
We expect at least 2 more anti-ESG bills to be filed and will update you when they are.
There has also been chatter related to a potential bill that would prohibit the sale of bank assets to a tax-exempt organization.
This is still just chatter. We’ve been working on our response should that issue develop.
We do know that a senator is working on a financial institutions bill reportedly focused mostly on the industrial bank charter. We’ll continue to monitor that as well.
Undoubtedly we’ll see more. Stay tuned and don’t hesitate to reach out if you have any questions.