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Summary of Major Legislation

Summary of Financial Services and Commerce Legislation (2020)

Financial Services & Commerce

During the 2020 legislative session, the General Assembly passed several bills related to the regulation of banks and financial service entities and expanded the authority of the Attorney General to challenge mergers and acquisitions in certain circumstances.  In response to the COVID-19 pandemic, the General Assembly also passed legislation prohibiting price gouging.

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details