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Bill

SB 167

relative to consumers' cooperative associations annual audit requirements.

2025 Regular Session Introduced by Kevin Avard and 4 co-sponsors

SB 167 attempted to reduce annual audit requirements for New Hampshire consumer cooperative associations but was unanimously rejected by committee and killed in the Senate.

Inexpedient to Legislate, MA, VV === BILL KILLED ===; 03/20/2025; SJ 8
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Bill Summary · SB 167

Legislative bill overview

SB 167 sought to modify New Hampshire's annual audit requirements for consumers' cooperative associations. The bill would have adjusted regulatory oversight standards that currently apply to these member-owned business entities. Specific details on the proposed changes are not available in the legislative record provided.

Why is this important

Cooperative associations serve thousands of New Hampshire members and directly affect consumer access to goods and services through member-owned business models. Audit requirements balance regulatory protection of member interests against compliance costs that could impact cooperative operations and competitiveness. Changes to these requirements influence both consumer protections and the financial burden on cooperative organizations.

Potential points of contention

  • Regulatory burden vs. consumer protection: Reducing audit requirements could lower compliance costs for cooperatives but may decrease financial transparency and member oversight capabilities
  • Competitive equity: Different audit standards for cooperatives versus traditional businesses raise questions about fair regulatory treatment across business structures
  • Member safeguards: Cooperative members rely on financial audits to verify proper use of collective resources and management accountability

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

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