The Missouri General Assembly gaveled in for the 2024 legislative session on Jan. 3. House and Senate leaders made the usual first-day speeches outlining their vision for the 2024 session. With nine open Senate seats, over 30 open House seats and, at present, 10 House and Senate members running for statewide office, this year will see members jockeying for press attention and position on the major issues before the August 2024 primary.
Legislation to raise the cap on the “MO Bucks” linked deposit program was pre-filed and introduced in both the House and Senate. Rep. Terry Thompson’s version, HB 1803, is on the move, having already been heard and voted DO PASS by the House Financial Institutions committee. The next step is a referral to House Rules, with House floor debate following shortly thereafter. Once the bill clears the House, we start the process over in the Senate.
MIBA Executive Director Matt Ruge, Andrew Arnold and I are working with others to push the linked deposit bill across the finish line this year. We are also monitoring other legislation and will continue identifying legislation that could impact MIBA for you moving forward.
As before, we thank you for your continued confidence and for the opportunity to serve your interest with the Missouri state government and the Missouri General Assembly.
