Vermont requires the Commissioner of Financial Regulation to submit an annual industry supervision report starting in January 2026

Original title: An act relating to the Commissioner of Financial Regulation and an annual supervision and regulation report

Last action · January 30, 2025: Read first time and referred to the Committee on Commerce and Economic DevelopmentSponsors: Monique Priestley and 10 others

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What This Bill Would Do

The bill requires the to prepare and submit a comprehensive annual supervision and regulation report to the General Assembly starting January 15, 2026. This report must detail industry compliance, market conditions, fee structures, and emerging trends across regulated financial sectors.

Why it matters

Provides lawmakers and the public with documented insight into state regulatory enforcement, fee collections, and market health across banking, insurance, and securities industries.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Commissioner of Financial Regulation

Must prepare and submit the annual supervision and regulation report to the General Assembly.

Directly affected

General Assembly

Receives the annual supervision and regulation report starting January 15, 2026.

Directly affected

Persons, services, and products subject to the Department’s jurisdiction

Subject to the regulatory oversight, compliance tracking, and market condition reviews detailed in the annual report.

Key Facts

The Commissioner of Financial Regulation must prepare and submit an annual supervision and regulation report to the General Assembly.
The first annual report is due on or before January 15, 2026, and annually thereafter.
The report must include a general description of regulatory compliance, including examinations, investigations, enforcement actions, and consumer complaints.
The report must detail financial and market conditions concerning the availability and affordability of products and services for consumers.

Show all 7 facts

The report must provide an assessment of regulatory fees, itemizing revenue collected, supported regulatory functions, and comparisons to other jurisdictions.
The report must review emerging industry trends, new products and services, and include recommendations for the regulatory environment.
The act takes effect on passage.

Frequently Asked Questions

When is the first annual supervision and regulation report due?

The report is due on or before January 15, 2026.

Who must submit the annual report?

The .

What information must be included in the report?

The report must cover data, financial and market conditions, regulatory fee assessments, and a review of emerging industry trends and developments.

What else do you want to know?

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

1 action

Jan 30, 2025HouseIntroduced
Read first time and referred to the Committee on Commerce and Economic Development

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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