The proposed new rules would make state bank charters more attractive for banks. Rules governing when a bank's board of directors must meet, and new auditing procedures will also be rewritten if the legislation is approved. The new rules would also add new types of banking entities including uninsured banks to Vermont law. Maine and New Hampshire have these laws and have created more jobs. The Vermont Grocers' Association has also weighed on the issue of containing health care costs.
Every rise adds up to real money.
Harrison is also concerned about the potential for another mandated increase in the minimum wage. We want the Legislature to revisit that.