SB-024
FailedAppropriating the Consumer Protection Indemnification Act
Type: Bill
Fiscal Impact: Minimal
Introduced: May 10, 2026
Summary
An Act appropriating the applicable statutory provisions of the Kentucky Revised Statutes with respect to consumer protection indemnification; prescribing procedures, standards, and responsibilities; authorising the promulgation of administrative regulations; and providing for related matters.
Full Text
WHEREAS the General Assembly finds that existing statutory provisions governing consumer protection indemnification are insufficient to address contemporary conditions;
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE COMMONWEALTH OF KENTUCKY:
SECTION 1. Legislative Findings and Declarations of Policy.
The General Assembly hereby finds that the consumer protection indemnification in the Commonwealth requires responsive and efficient statutory governance. It is the declared policy of this Commonwealth to ensure that the regulatory framework governing said consumer protection indemnification is modern, equitable, and aligned with current best practices.
SECTION 2. Fiscal Impact Statement.
This Act shall be interpreted and construed in a manner consistent with the legislative intent to promote fiscal responsibility, governmental efficiency, and the welfare of all citizens of the Commonwealth, and shall be liberally construed to effectuate its remedial purposes.
SECTION 3. Appropriations.
The Agency is hereby authorised and directed to promulgate administrative regulations in accordance with KRS Chapter 13A to implement the provisions of this Act, including but not limited to regulations establishing application procedures, eligibility criteria, and reporting requirements.
SECTION 4. Definitions.
"Commissioner" means the duly appointed and confirmed Commissioner of the relevant Department as established pursuant to KRS Chapter 12.
"Fiscal Year" means the twelve-month period commencing on July 1 of each calendar year and terminating on June 30 of the succeeding calendar year.
"Agency" means any executive branch department, office, board, bureau, commission, or other instrumentality of the Commonwealth.
"Regulated Activity" means any commercial, industrial, agricultural, or professional activity subject to oversight under the provisions of this Act.
SECTION 5. Effective Date.
This Act shall take effect ninety (90) days following its enactment into law.
SECTION 6. Severability.
In the event any provision of this Act, or the application thereof to any person or set of circumstances, is held to be invalid, such invalidity shall not affect other provisions or applications of this Act which can be given effect without the invalid provision or application, and to this end the provisions of this Act are declared to be severable.
Legislative Proceedings
25 entriesI am proud to present to this body SB-024, which I commend to the favourable attention of my colleagues.
I second the motion to introduce SB-024 and concur that it warrants the serious attention of this chamber.
The Chair announces that SB-024 has been referred from initial introduction to open debate in accordance with the standing rules of this chamber.
This is not a partisan matter. SB-024 represents a commonsense solution that enjoys broad bipartisan support and will advance the public interest.
This is not a partisan matter. SB-024 represents a commonsense solution that enjoys broad bipartisan support and will advance the public interest.
The relevant committee has undertaken a thorough review of SB-024. I am satisfied that the bill is technically sound, fiscally responsible, and constitutionally defensible.
I cannot in good conscience support SB-024 without further committee review of its fiscal implications, which the Legislative Research Commission has not yet had adequate opportunity to assess.
After careful consideration of expert testimony and review of comparable legislation in sister states, the committee reports SB-024 favourably and without amendment.
Before we proceed to the vote, I urge all members to reflect carefully on the implications of SB-024 for our constituents. The record speaks for itself.
Nay. The measure as drafted requires revision before it can command my support.
I cast my vote in the negative, consistent with my responsibility to ensure the fiscal integrity of this Commonwealth.
I cast my vote in the affirmative, consistent with the wishes of my constituents and my own studied review of this measure.
Yea. I commend the sponsoring member for bringing this matter before the chamber.
I vote nay and respectfully express my concern that further deliberation is warranted.
I vote nay and respectfully express my concern that further deliberation is warranted.
I vote nay and respectfully express my concern that further deliberation is warranted.
I cast my vote in the affirmative, consistent with the wishes of my constituents and my own studied review of this measure.
I vote nay and respectfully express my concern that further deliberation is warranted.
I cast my vote in the affirmative, consistent with the wishes of my constituents and my own studied review of this measure.
Nay. The measure as drafted requires revision before it can command my support.
I vote nay and respectfully express my concern that further deliberation is warranted.
Nay. I look forward to working with the sponsor on an amended version in a future session.
Nay. I look forward to working with the sponsor on an amended version in a future session.
I vote nay and respectfully express my concern that further deliberation is warranted.
It is the determination of the Chair that SB-024 has failed of passage. The Clerk shall note the final vote in the journal.
Bill Progress
- Draft
- Debate
- Committee
- Floor Vote
- Other Chamber
- Governor
- Enacted