---
type: "Bill"
title: "An act relating to banking, insurance, and securities"
description: "An act relating to banking, insurance, and securities"
jurisdiction: "us/states/vt"
legislature: "Vermont General Assembly"
session: "2025-2026"
identifier: "H 648"
citation: "Vermont H 648 (2025-2026)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Edye Graning", "Michael Marcotte"]
version_count: 8
action_count: 61
vote_count: 0
first_action: "2026-01-13"
last_action: "2026-05-29"
source: "openstates"
source_identifier: "ocd-bill/58f45388-10bc-45fc-b18b-add8935cc4bd"
source_url: "http://legislature.vermont.gov/bill/loadBillDetailedStatus/2026/1703"
source_hash: "edac745efe258a2a4446ec3a1fe333d234b2666d245b37f042997dcd382fef5a"
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-vt"]
---

# Vermont H 648 (2025-2026) — An act relating to banking, insurance, and securities

## Version chain

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

1. **As Introduced** (filed) — [source](https://legislature.vermont.gov/Documents/2026/Docs/BILLS/H-0648/H-0648%20As%20Introduced.pdf)
2. **As Enacted** (committee substitute) — [source](https://legislature.vermont.gov/Documents/2026/Docs/ACTS/ACT142/ACT142%20As%20Enacted.pdf)
3. **As Passed By the House (Official)** (committee substitute) — [source](https://legislature.vermont.gov/Documents/2026/Docs/BILLS/H-0648/H-0648%20As%20passed%20by%20the%20House%20Official.pdf)
4. **As Passed By the House (Unofficial)** (committee substitute) — [source](https://legislature.vermont.gov/Documents/2026/Docs/BILLS/H-0648/H-0648%20As%20Passed%20by%20the%20House%20Unofficial.pdf)
5. **As Passed by Both House and Senate (Official)** (committee substitute) — [source](https://legislature.vermont.gov/Documents/2026/Docs/BILLS/H-0648/H-0648%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf)
6. **As Passed by Both House and Senate (Unofficial)** (committee substitute) — [source](https://legislature.vermont.gov/Documents/2026/Docs/BILLS/H-0648/H-0648%20As%20Passed%20by%20Both%20House%20and%20Senate%20Unofficial.pdf)
7. **Senate Proposal of Amendment (Official)** (committee substitute) — [source](https://legislature.vermont.gov/Documents/2026/Docs/BILLS/H-0648/H-0648%20Senate%20proposal%20of%20amendment%20Official.pdf)
8. **Senate Proposal of Amendment (Unofficial)** (committee substitute) — [source](https://legislature.vermont.gov/Documents/2026/Docs/BILLS/H-0648/H-0648%20Senate%20Proposal%20of%20Amendment%20Unofficial.pdf)

## Sponsors

- Edye Graning — primary (person)
- Michael Marcotte — primary (person)
- Abbey Duke — cosponsor (person)
- Anthony Micklus — cosponsor (person)
- David Bosch — cosponsor (person)
- Emily Carris Duncan — cosponsor (person)
- Herb Olson — cosponsor (person)
- Kirk White — cosponsor (person)
- Monique Priestley — cosponsor (person)

## Timeline

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

- **2026-01-13** Read first time and referred to the Committee on Commerce and Economic Development `introduction`
- **2026-01-20** Notice Calendar: Favorable with Amendment
- **2026-01-20** Referred to Committee on Ways and Means per Rule 35(a)
- **2026-01-22** Notice Calendar: Favorable with Amendment
- **2026-01-22** Referred to Committee on Appropriations per Rule 35(a)
- **2026-01-28** Notice Calendar: Favorable with Amendment
- **2026-01-29** Action Calendar: Favorable with Amendment
- **2026-01-29** Read second time `reading-2`
- **2026-01-29** Rep. Olson of Starksboro reported for the Committee on Commerce and Economic Development
- **2026-01-29** Rep. Burkhardt of South Burlington recommended for the Committee on Ways and Means
- **2026-01-29** Rep. Nigro of Bennington recommended for the Committee on Appropriations
- **2026-01-29** Report of Committee on Commerce and Economic Development agreed to
- **2026-01-29** Third Reading ordered `reading-3`
- **2026-01-30** Action Calendar: Third Reading `reading-3`
- **2026-01-30** Rep. Olson of Starksboro moved to amend the bill, which was agreed to
- **2026-01-30** Read third time and passed `reading-3`
- **2026-02-04** Read 1st time & referred to Committee on Finance `introduction`
- **2026-04-22** Entered on Notice Calendar
- **2026-04-22** Second Reading `reading-2`
- **2026-04-22** Favorable report with proposal of amendment by Committee on Finance `amendment-introduction`
- **2026-04-22** Referred to Committee on Appropriations per Senate Rule 31
- **2026-04-28** Entered on Notice Calendar
- **2026-04-28** Second Reading `reading-2`
- **2026-04-28** Favorable report with proposal of amendment by Committee on Finance `amendment-introduction`
- **2026-04-28** Favorable report by Committee on Appropriations `committee-passage`
- **2026-04-29** New Business/Second Reading `reading-2`
- **2026-04-29** Favorable report with proposal of amendment by Committee on Finance `amendment-introduction`
- **2026-04-29** Favorable report by Committee on Appropriations `committee-passage`
- **2026-04-30** Unfinished Business/Second Reading `reading-2`
- **2026-04-30** Favorable report with proposal of amendment by Committee on Finance `amendment-introduction`
- **2026-04-30** Favorable report with proposal of amendment by Committee on Appropriations `amendment-introduction`
- **2026-05-01** Unfinished Business/Second Reading `reading-2`
- **2026-05-01** Favorable report with proposal of amendment by Committee on Finance `amendment-introduction`
- **2026-05-01** Favorable report by Committee on Appropriations `committee-passage`
- **2026-05-01** Read 2nd time, reported favorably with proposal of amendment by Senator Hardy for Committee on Finance `amendment-introduction, committee-passage-favorable, reading-2`
- **2026-05-01** Reported favorably by Senator Norris for Committee on Appropriations `committee-passage-favorable`
- **2026-05-01** Proposal of amendment by Committee on Finance agreed to `amendment-introduction`
- **2026-05-01** 3rd reading ordered
- **2026-05-05** New Business/Third Reading `reading-3`
- **2026-05-05** Read 3rd time & passed in concurrence with proposal of amendment `amendment-introduction, reading-3`
- **2026-05-06** Senate Message: Passed in concurrence with proposal of amendment `amendment-introduction`
- **2026-05-07** Notice Calendar: Senate Proposal of Amendment `amendment-introduction`
- **2026-05-08** Action Calendar: Senate Proposal of Amendment `amendment-introduction`
- **2026-05-08** Rep. Olson of Starksboro moved to postpone action until May 13, 2026, which was agreed to
- **2026-05-12** Action Calendar: Action postponed until May 13, 2026
- **2026-05-13** Action Calendar: Action postponed until May 13, 2026
- **2026-05-13** Rep. Olson of Starksboro moved to postpone action until May 14, 2026, which was agreed to
- **2026-05-14** Action Calendar: Action postponed until May 14, 2026
- **2026-05-14** Senate proposal of amendment concurred in with further amendment thereto, as offered by Rep. Olson of Starksboro `amendment-introduction`
- **2026-05-19** House message: House concurred in Senate proposal of amendment with proposal of amendment `amendment-introduction`
- **2026-05-19** Entered on Notice Calendar
- **2026-05-19** House proposal of amendment to Senate proposal of amendment `amendment-introduction`
- **2026-05-20** House proposal of amendment to Senate proposal of amendment `amendment-introduction`
- **2026-05-21** Unfinished Business/House Proposal of Amendment `amendment-introduction`
- **2026-05-21** House proposal of amendment to Senate proposal of amendment, text `amendment-introduction`
- **2026-05-21** House proposal of amendment to Senate proposal of amendment concurred in `amendment-introduction`
- **2026-05-21** Rules suspended & messaged to House forthwith, on motion of Senator Baruth `passage`
- **2026-05-21** Senate Message: House proposal of amendment to Senate proposal of amendment concurred in `amendment-introduction`
- **2026-05-29** Delivered to the Governor on June 10, 2026 `passage`
- **2026-05-29** Signed by Governor on June 16, 2026 `executive-signature`
- **2026-05-29** House message: Governor approved bill on June 16, 2026

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/58f45388-10bc-45fc-b18b-add8935cc4bd`. Confidence: reported (aggregated from official Vermont legislature records).