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S 2796

Financial Services -- Extension Order

194th Legislature (2025-2026) Introduced by Paul Feeney

Extends the Senate Financial Services Committee’s deadline to May 4, 2026 to finalize its report on documents 688, 705, 723, 731, 766, 833, and 837.

Referred to the committee on Rules of the two branches, acting concurrently
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Bill Summary · S 2796

Summary of Massachusetts Senate Bill S. 2796 (Session 194th)

Title

Financial Services — Extension Order

Purpose and Intent

Bill S. 2796, filed by Sen. Paul Feeney, is an extension order that temporarily extends the time for the Senate Committee on Financial Services to complete its work. Specifically, it grants the committee an extended deadline to finalize its report on certain current Senate documents related to financial services matters.

Key Provisions

  • Extension of reporting deadline: The Senate Committee on Financial Services is authorized to take additional time, up to May 4, 2026, to complete its final report.
  • Documents covered: The extension applies to current Senate documents numbered 688, 705, 723, 731, 766, 833, and 837, all of which pertain to financial services matters.
  • Rule alteration: The extension is granted notwithstanding Joint Rule 10 (which typically governs deadlines and reporting timelines).

Who/What is Affected

  • Legislative committee: The Senate Committee on Financial Services is granted extra time to study, deliberate, and finalize its report on the specified financial services-related documents.
  • Senate documents: The documents listed (688, 705, 723, 731, 766, 833, 837) are the focus of the committee’s final reporting process under this extension.

Procedural and Timeline Details

  • Effective date of extension: The extension takes effect upon passage in the Senate and is noted by annual carries-forward actions in 2026.
  • New deadline: May 4, 2026, by which the committee must produce its final report.
  • Reason for extension: To allow adequate time for review and to complete reporting on the specified documents during the 194th General Court session.
  • Status as of filing: Referred to the Rules Committee (Dec. 4, 2025) and subsequently ordered for action in April 2026.

Practical Implications

  • The extension provides the committee flexibility to thoroughly analyze complex financial services issues raised in the listed documents without rushing to meet earlier deadlines.
  • It does not create new policy provisions by itself; rather, it slows the formal reporting timeline to accommodate a more comprehensive review.
  • Stakeholders tracking financial services legislation should monitor the committee’s final report due by May 4, 2026 for any substantive recommendations or proposed measures.

If you’d like, I can pull in the specific content or summaries of Senate documents 688, 705, 723, 731, 766, 833, and 837 to provide more context on what issues are being reviewed.

Compiled from official sources — confirm details with the bill’s official record.

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