---
type: "Bill"
title: "An Act To Protect Federal Home Loan Banks That Lend Money To Insurer Members That Become Delinquent"
description: "An Act To Protect Federal Home Loan Banks That Lend Money To Insurer Members That Become Delinquent"
jurisdiction: "us/states/me"
legislature: "Maine Legislature"
session: "132"
identifier: "LD 720"
citation: "Maine LD 720 (132)"
classification: ["bill"]
subjects: ["DELINQUENT INSURERS", "FINANCIAL PRACTICES", "INSURANCE SALES"]
status: "enacted"
primary_sponsors: ["Robert FOLEY"]
version_count: 2
action_count: 17
vote_count: 0
first_action: "2025-02-20"
last_action: "2025-03-25"
source: "openstates"
source_identifier: "ocd-bill/0a6381bc-2a01-4b9f-b556-eceefbc804f2"
source_url: "https://legislature.maine.gov/LawMakerWeb/dockets.asp?ID=280096774"
source_hash: "254ffd556dc870ecd514da8f1050bec575b187d5c929336ec74cf39cba69d490"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-me"]
---

# Maine LD 720 (132) — An Act To Protect Federal Home Loan Banks That Lend Money To Insurer Members That Become Delinquent

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Chapter 17** (committee substitute) — [source](http://www.mainelegislature.org/legis/bills/getPDF.asp?paper=HP0459&item=2&snum=132)
2. **LD 720 HP 459** (committee substitute) — [source](http://www.mainelegislature.org/legis/bills/getPDF.asp?paper=HP0459&item=1&snum=132)

## Sponsors

- Robert FOLEY — primary (person)
- David HAGGAN — cosponsor (person)
- Donna BAILEY — cosponsor (person)
- Joshua MORRIS — cosponsor (person)
- Paul FLYNN — cosponsor (person)
- Rolf OLSEN — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-02-20** Received by the Clerk of the House on February 20, 2025. `receipt`
- **2025-02-20** The Bill was REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES pursuant to Joint Rule 308.2 and ordered printed pursuant to Joint Rule 401. `referral-committee`
- **2025-03-18** CONSENT CALENDAR - FIRST DAY
- **2025-03-18** Under suspension of the rules CONSENT CALENDAR - SECOND DAY.
- **2025-03-18** The Bill was PASSED TO BE ENGROSSED. `reading-3`
- **2025-03-18** Sent for concurrence. ORDERED SENT FORTHWITH.
- **2025-03-20** Report READ and ACCEPTED, in concurrence.
- **2025-03-20** READ ONCE `reading-1`
- **2025-03-20** Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED, in concurrence. `reading-2, reading-3`
- **2025-03-20** Ordered sent down forthwith.
- **2025-03-20** PASSED TO BE ENACTED. `passage`
- **2025-03-20** Sent for concurrence. ORDERED SENT FORTHWITH.
- **2025-03-20** PASSED TO BE ENACTED, in concurrence. `passage`
- **2025-03-25** Signed by Governor `executive-signature`
- **2025-03-11T04:00:00+00:00** Work Session Held
- **2025-03-11T04:00:00+00:00** Voted - OTP
- **2025-03-14T04:00:00+00:00** Reported Out - OTP

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0a6381bc-2a01-4b9f-b556-eceefbc804f2`. Confidence: reported (aggregated from official Maine legislature records).