4/15/25, 10:00 AM - Committee Hearing: Financial Services, State House, Room A-2
Status: | Normal |
Date/Time: | 4/15/25 10:00 AM |
Location: | State House, Room A-2 |
Committee: | Joint Committee on Financial Services (JFS) |
The Committee on Financial Services will hold a hearing on bills related to consumer protection, credit unions and housing.
Committee members should expect an email from LIS with instructions for joining the virtual hearing and inviting them to a test run of the Teams hearing platform. Hearing packets will be available prior to the hearing. The committee reporting deadline under Joint Rule 10 for the matters being heard is June 15, 2025.
Under committee rules written testimony will be made available upon request.
The public is invited to participate in person or via online. All persons seeking to provide oral testimony must pre-register via this (link)
The deadline to pre-register is 5:00 P.M. on Friday, April 11th. Once registered, you will receive further instructions on how to participate.
The chairs will limit testimony to 3 minutes per speaker. Please be advised that the schedule and agenda are subject to change at the discretion of the chair per Committee rules.
The livestream of this hearing will be available on the Legislature's website here.
The Committee requests that written testimony may be submitted to the Joint Committee on Financial Services by emailing jointcmte-financialservices@malegislature.gov
The Committee prefers emailed submission of testimony; however, written testimony may be submitted to the Committee at: State House, Joint Committee on Financial Services, Room 254, 24 Beacon Street, Boston, MA. 02133. Please use only one method to submit your testimony and please submit once.
You may contact Committee staff with any questions at daniel.tobin-rosman@mahouse.gov or  shane.correale@masenate.gov

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respectfully614.45 requesting615.33 that615.88 you616.05 support616.29 senate617.54 18617.94 o618.26 5618.42 and618.74 house618.98 2619.3 8619.54 8619.78 9,619.94 an621.06 act621.22 relative621.46 to621.94 regional622.1 planning622.5 agencies622.9 filed623.38 by623.7 representative624.02 LaNatra.624.58 The625.38 legislation625.62 aims626.18 to626.5 provide626.58 financial627.38 stability.627.94 My628.82 time629.06 is629.32 up.629.48 But629.63 thank629.71 you629.95 for,630.2 the630.6 time630.83 to631 come631.15 before631.32 you631.55 to631.71 testify.631.88
632.6 SPEAKER1632.6 -632.6 Thank632.6 you.632.75 Senator?633.95
634.91 SPEAKER2634.91 -634.91 Thank634.91 you,635.08 mister635.32 Cochair.635.71 Thank636.27 you636.51 for636.67 your636.83 testimony,637.08 miss637.63 miss638.43 Waldron.638.6 I639.55 know639.71 you've639.88 done640.03 an640.36 unbelievable640.67 incredible641.55 work,641.95 taking642.2 over642.51 the642.67 old642.83 county642.91 planning643.24 council,643.63 and644.36 we644.51 appreciate644.84 all645.04 your645.24 work.645.4 And645.64 this645.8 affects645.96 many646.36 districts,646.68 not647.48 just647.72 Plymouth647.96 County,648.28 but648.6 Norfolk648.76 and649.24 and649.48 Bristol,649.56 I650.04 believe.650.12 And650.76 I651.08 wanna,651.16 I'll652.12 convey652.28 with,652.76 representative653.24 LaNatura653.72 as654.28 well654.44 as654.6 senator654.76 Comifin,655.08 because656.12 I656.36 thank656.52 them656.76 for656.92 filing657.08 this657.4 legislation.657.56 Well,658.2 I658.44 also658.52 wanna658.92 welcome,659.08 a660.52 member660.61 of660.92 the661.08 committee,661.25 senator661.88 John662.44 Keenan662.61 from662.92 Quincy.663.08 Thank663.88 you,664.13 senator.664.28 Thank664.68 you.664.85 So665.73
666.85 SPEAKER1666.85 -666.85 any666.85 further667.16 questions667.49 from668.13 the668.28 committee?668.44 No?670.04 Seeing670.76 none,671.16 we'll671.49 move671.73 on.671.88 Thank672.13 you672.37 very672.52 much672.68 for672.92 your673 testimony.673.16 Our674.55 next674.79 is,675.03 Bill675.75 Keith,676.07 executive676.47 director676.95 of677.35 PREC,677.59 and,678.23 Patrick679.35 Charles,679.83 assistant680.71 deputy681.19 director681.67 from682.31 PREC.682.63
687.38 SPEAKER7687.38 -687.38 Good687.38 afternoon,687.46 chair687.94 Ryan,688.26 chair688.82 Brady,689.07 long689.63 time689.87 no690.11 see,690.35 and,690.99 members691.54 of691.87 the692.02 committee.692.11 My692.99 name693.14 is693.3 Bill693.54 Keefe.693.78 I'm694.18 the694.42 executive694.58 director694.99 of695.38 PERAC,695.54 and695.94 I'm696.18 joined696.35 by696.66 assistant696.82 deputy697.3 director697.7 Patrick698.18 Charles.698.58 I'd699.63 like699.7 to699.92 acknowledge700.16 the700.64 close700.96 working701.2 relationship701.68 we've702.16 enjoyed702.4 over702.8 the703.04 years703.12 with703.36 our703.44 committee,703.6 and704.4 I704.56 know704.64 that704.8 will705.04 continue705.28 moving706 forward.706.32 We're707.36 here707.6 to707.76 be707.84 a708 resource708.16 for708.56 you708.64 on708.88 any709.04 retirement709.36 related709.84 matters,710.24 so710.56 please710.8 don't711.2 hesitate711.36 to711.86 contact712.01 us.712.33 And713.21 thank713.45 you713.62 for713.86 your714.01 ongoing714.17 support,714.57 in715.29 particular715.45 on715.93 some716.17 key716.33 matters716.57 that716.98 passed717.05 last717.38 session,717.62 such718.5 as718.74 the718.89 veterans719.05 buyback,719.45 clarifying720.5 the721.05 calculation721.29 on,721.93 post722.41 retirement722.65 public723.21 sector723.53 work,723.93 and724.86 ensuring725.18 that725.58 people725.74 who726.06 benefit726.22 from726.7 the727.1 equal727.26 pay727.58 act727.82 receive728.06 that728.46 full728.7 effect729.1 of729.34 that729.5 benefit729.66 through730.14 retirement.730.38 We'll731.42 be731.66 submitting731.82 detailed732.46 written732.94 testimony733.26 on733.74 all733.98 of734.14 our734.22 bills734.38 filed734.78 this735.1 session.735.26 For736.06 the736.22 record,736.38 we736.78 respectfully736.94 request737.5 your737.9 favorable738.06 report738.62 on739.42 bills739.58 h739.9 19740.36 through740.83 25.741.15 We're742.75 grateful743.08 that743.39 the743.55 committee743.71 favorably744.27 reported744.83 each745.48 of745.71 these745.79 bills746.03 last746.43 session746.75 with747.55 the747.79 exception747.88 of748.27 h748.51 25,748.75 which749.39 is749.55 newly749.71 filed.750.12 I'll750.83 touch751 on751.24 3751.39 of751.63 these751.71 bills751.96 here752.27 starting752.6 with752.91 h753.23 22,753.47 an754.43 act754.59 providing754.83 for755.23 statement755.47 of755.79 financial755.95 interest756.43 flexibility,756.83 which757.87 was758.03 engrossed758.27 by758.67 the758.91 house759.07 last759.47 session.759.79 The760.99 statements761.23 of761.71 financial761.87 interest762.27 we762.67 are762.83 speaking762.99 of763.31 in763.47 this763.63 bill763.87 are764.19 not,764.43 are765.07 those765.23 filed765.47 by765.71 retirement765.87 board766.35 members766.59 to766.99 PERAC767.15 pursuant768.11 to768.58 chapter768.83 32769.23 section769.71 20770.18 c,771.14 not771.3 those771.54 dealing771.87 with772.18 the772.35 state772.42 ethics772.66 commission.773.07 In774.02 line774.18 with774.42 the774.66 state774.75 ethics774.99 filings,775.38 this775.78 bill775.95 would776.18 exempt776.35 a776.75 member776.83 from777.14 filing777.38 if778.18 he778.42 or778.5 she778.75 served778.99 less779.3 than779.54 30779.78 days780.02 in780.26 a780.42 calendar780.5 year.780.99 Additionally,782.07 in782.47 a782.63 case782.71 where783.03 a783.35 board783.51 member783.75 is784.15 not784.31 timely784.47 in784.87 filing784.95 their785.27 SFI,785.51 the786.47 bill786.55 would786.79 grant786.95 the787.19 PERAC787.35 commissioner's787.75 discretion788.39 under789.27 extenuating789.59 circumstances790.47 for791.11 a791.35 late791.43 filer791.75 to792.47 be792.63 granted792.79 a793.19 waiver793.27 from793.59 the793.83 statutory793.99 penalty794.63 of795.58 permanent795.82 exclusion796.3 from796.77 board797.01 service.797.34 This798.3 is798.54 not798.62 a798.86 common799.01 occurrence,799.34 but799.82 it800.05 has800.13 happened800.3 where800.62 an800.86 individual800.93 had801.82 a801.98 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1503.92 SPEAKER11503.92 -1503.92 Senator1503.92 Keenan1504.32 has1504.72 a1504.88 question.1504.96
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