109th Legislature, 1st Session Today marks day 35 of the 90-day session, closing out a full five-day week of floor debate and committee hearings. The Legislature will resume on Monday morning with floor debate and only four more weeks of hearings. Thus far, a majority of the bills introduced have already received a public hearing. Much of the debate this week was focused on LB 504, introduced by Senator Carolyn Bosn (Lincoln). The bill would adopt the Age-Appropriate Online Design Code Act, aimed at protecting children from certain social media features. The week closed out with the passage of LB 241, after some extended debate. Introduced by Senator Bob Hallstrom (Syracuse), LB 241 would provide a definition for a cybersecurity event for the unauthorized access to or disruption of information systems of private entities. It would further require that in order to maintain a class action lawsuit against a private entity for such an event, a person would need to demonstrate the cybersecurity event was the result of willful, wanton, or gross negligence on the part of the private entity. LB 241 creates a heightened standard for class action lawsuits and is aimed at curbing class action lawsuits where customers face no actual monetary loss. The bill is supported by the NBA and advanced to Final Reading on a vote of 29-9. Committee Hearings ContinueCommittee hearings this week featured the following bills:
NBA General Counsel Ryan McIntosh also testified on the Nebraska Department of Banking and Finance's budget hearing on Wednesday. McIntosh cautioned the committee from sweeping approximately $3 million from the Financial Institution Assessment Cash Fund to the General Fund to cover the projected budget shortfall. He specifically noted the recent approval of a digital asset depository institution charter and the increased costs for supervision of this first-of-its-kind entity. Next Week's ActionFloor debate will resume Monday morning with debate on LB140, introduced by Senator Rita Sanders (Bellevue) at the request of Governor Pillen, which would require schools to adopt policies limiting use of cell phones and other devices by students. Committee hearings next week will feature the following bills:
Dates of Importance
Stay Informed During the Legislative SessionMonthly virtual legislative updates will keep you informed on legislative development and other NBA news. The next session is March 5 at 10:00 a.m. CT. Register for Virtual Membership Updates Comments are closed.
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