Fabio
90 lines
4.9 KiB
Markdown
90 lines
4.9 KiB
Markdown
---
|
||
type: "Bill"
|
||
title: "Community investments by financial institutions."
|
||
description: "Amends the statute authorizing a bank or trust company to make investments in community based economic development to also authorize investments in: (1) any community and economic development entity, community development project, or other public welfare investment; and (2) tax equity finance transactions; subject to the investments being made in compliance with applicable federal regulations and any regulation, rule, policy, or guidance adopted by the department of financial institutions. Authorizes savings banks and savings associations to engage in tax equity finance transactions."
|
||
jurisdiction: "us/states/in"
|
||
legislature: "Indiana General Assembly"
|
||
session: "2022"
|
||
identifier: "SB 408"
|
||
citation: "Indiana SB 408 (2022)"
|
||
classification: ["bill"]
|
||
subjects: ["ECONOMIC DEVELOPMENT generally", "FINANCIAL INSTITUTIONS"]
|
||
status: "enacted"
|
||
primary_sponsors: ["Andy Zay", "Kyle Walker", "Martin Carbaugh"]
|
||
version_count: 4
|
||
action_count: 23
|
||
vote_count: 1
|
||
first_action: "2022-01-12"
|
||
last_action: "2022-03-07"
|
||
source: "openstates"
|
||
source_identifier: "ocd-bill/c3f135a5-5bc9-4297-aec9-ab5ed80d01d3"
|
||
source_url: "http://iga.in.gov/legislative/2022/bills/senate/408"
|
||
source_hash: "066c104b47b5d63dff6adb9de6aedbc8c4e1a09819cfa8fdc56790d0f630f647"
|
||
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-in"]
|
||
---
|
||
|
||
# Indiana SB 408 (2022) — Community investments by financial institutions.
|
||
|
||
Amends the statute authorizing a bank or trust company to make investments in community based economic development to also authorize investments in: (1) any community and economic development entity, community development project, or other public welfare investment; and (2) tax equity finance transactions; subject to the investments being made in compliance with applicable federal regulations and any regulation, rule, policy, or guidance adopted by the department of financial institutions. Authorizes savings banks and savings associations to engage in tax equity finance transactions.
|
||
|
||
## Version chain
|
||
|
||
The bill's text revisions, in order — the diff chain from filing to enrollment.
|
||
|
||
1. **Enrolled Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/SB0408/versions/SB0408.04.ENRH)
|
||
2. **Introduced Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/SB0408/versions/SB0408.01.INTR)
|
||
3. **Senate Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/SB0408/versions/SB0408.03.COMH)
|
||
4. **Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/SB0408/versions/SB0408.02.COMS)
|
||
|
||
## Votes
|
||
|
||
- SB 408 - Carbaugh - 3rd Reading — **93–1** (pass) · lower
|
||
|
||
## Sponsors
|
||
|
||
- Andy Zay — primary (person)
|
||
- Kyle Walker — primary (person)
|
||
- Martin Carbaugh — primary (person)
|
||
- Jack Sandlin — coauthor (person)
|
||
- Lonnie Randolph — coauthor (person)
|
||
- Matt Lehman — cosponsor (person)
|
||
- Mike Bohacek — coauthor (person)
|
||
- Scott Baldwin — coauthor (person)
|
||
|
||
## Timeline
|
||
|
||
The legislative action history — every referral, reading, and vote.
|
||
|
||
- **2022-01-12** Authored by Senator Zay
|
||
- **2022-01-12** First reading: referred to Committee on Insurance and Financial Institutions `reading-1, referral-committee`
|
||
- **2022-01-20** Committee report: amend do pass, adopted `committee-passage`
|
||
- **2022-01-20** Senator Bohacek added as coauthor
|
||
- **2022-01-24** Second reading: ordered engrossed `reading-2`
|
||
- **2022-01-25** Third reading: passed; Roll Call 84: yeas 46, nays 0 `passage, reading-3`
|
||
- **2022-01-25** House sponsor: Representative Carbaugh
|
||
- **2022-01-25** Cosponsor: Representative Lehman
|
||
- **2022-01-25** Senator Walker K added as second author
|
||
- **2022-01-25** Senator Baldwin added as coauthor
|
||
- **2022-01-25** Senator Randolph added as coauthor
|
||
- **2022-01-25** Senator Sandlin added as coauthor
|
||
- **2022-01-26** Referred to the House
|
||
- **2022-02-01** First reading: referred to Committee on Financial Institutions and Insurance `reading-1, referral-committee`
|
||
- **2022-02-15** Committee report: do pass, adopted `committee-passage`
|
||
- **2022-02-17** Second reading: ordered engrossed `reading-2`
|
||
- **2022-02-21** Third reading: passed; Roll Call 215: yeas 93, nays 1 `passage, reading-3`
|
||
- **2022-02-22** Returned to the Senate without amendments
|
||
- **2022-03-01** Signed by the Speaker
|
||
- **2022-03-01** Signed by the President Pro Tempore
|
||
- **2022-03-07** Signed by the President of the Senate
|
||
- **2022-03-07** Signed by the Governor `executive-signature`
|
||
- **2022-03-07** Public Law 31
|
||
|
||
## Source
|
||
|
||
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c3f135a5-5bc9-4297-aec9-ab5ed80d01d3`. Confidence: reported (aggregated from official Indiana legislature records).
|
||
|