2021 House Bill 4405

Appropriations: 2021-22 Department of Insurance and Financial Services budget

Introduced in the House

March 2, 2021

Introduced by Rep. Jeff Yaroch (R-33)

To provide a template or "place holder" for a potential Department of Insurance and Financial Service budget for the 2021-2022 fiscal year. This bill contains nominal appropriations only, but may be amended at a later date to include real ones.

Referred to the Committee on Appropriations

May 11, 2021

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

May 12, 2021

Amendment offered by Rep. Abdullah Hammoud (D-15)

To appropriate the department's full-year budget rather than just three months worth at a time.

The amendment failed by voice vote

Passed in the House 58 to 49 (details)

The House version of Department of Insurance and Financial Services budget for the fiscal year that begins Oct. 1, 2021. This would appropriate $18.0 million in gross spending, or 25% of the full-year total, of which $254,300 is federal money.

Received in the Senate

May 13, 2021

Referred to the Committee of the Whole

May 19, 2021

Passed in the Senate 20 to 16 (details)

To send the bill back to the House "stripped" of all actual appropriations except $100 “placeholders.” This is part of a process for reconciling the House and Senate-passed department budgets for the next fiscal year.

Received in the House

May 19, 2021

May 26, 2021

Failed in the House 0 to 109 (details)

To concur with the Senate-passed version of the bill. The failed vote is a procedural device used for launching negotiations over the differences between the House and Senate budgets, and eventually for negotiating a final budget between a Republican-controlled legislature and a Democratic governor.