Financial Institutions - State Banks - Investing in For-Profit Correctional Facilities - Prohibited
Sponsor: Delegate MosbyCommittee: Economic MattersSubject: Financial InstitutionsStatus: Unfavorable Report by Economic Matters (as of Nov 6, 2020)
What this bill does
Official synopsis
Prohibiting certain State banks and credit unions from providing financing for or investing in certain securities of an institution, a company, or a subsidiary that owns a private correctional facility or contracts as a private contractor or vendor for the ownership, operation, or management of a State correctional facility, local correctional facility, or county detention center.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (4)
MGA witness listFAV 1FavorableUNF 3Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Delegate Mosby, Delegate Mosbylegislator | Individual | Oral + Written (PDF) |
| UNF | enten, bob | mba | Position only |
| UNF | lehman, mindy | mba | Position only |
| UNF | murphy, kathleen | mba | Oral + Written (PDF) |
Organizations on record
mbaUNF 3