SB-032

Failed

Limiting the Consumer Protection Indemnification Act

Author: Vernon Sloane

Chamber: Senate

Category: Finance

Type: Resolution

Fiscal Impact: Moderate

Introduced: May 19, 2026

Summary

An Act limiting 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 advances in prevailing industry practice require a corresponding adjustment to the statutory framework governing consumer protection indemnification;

WHEREAS fiscal prudence and governmental efficiency necessitate the revision of consumer protection indemnification;

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. Data Confidentiality.

To the extent practicable and consistent with applicable civil rights laws, the Agency shall endeavour to ensure that the benefits and services authorised under this Act are administered in an equitable and nondiscriminatory manner across all regions and demographic groups within the Commonwealth.

SECTION 3. Procedural Safeguards.

The Agency shall, in consultation with the relevant Interim Joint Committee, undertake a comprehensive review of the programme established by this Act no later than four (4) years following its effective date and shall report findings and any recommended statutory modifications to the General Assembly.
To the extent practicable and consistent with applicable civil rights laws, the Agency shall endeavour to ensure that the benefits and services authorised under this Act are administered in an equitable and nondiscriminatory manner across all regions and demographic groups within the Commonwealth.

SECTION 4. 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 5. Fiscal Impact Statement.

To the extent practicable and consistent with applicable civil rights laws, the Agency shall endeavour to ensure that the benefits and services authorised under this Act are administered in an equitable and nondiscriminatory manner across all regions and demographic groups within the Commonwealth.
All state agencies and political subdivisions receiving funds appropriated pursuant to this Act are required to maintain adequate financial records, consistent with generally accepted governmental accounting standards, and shall provide access to such records upon written request by the Auditor of Public Accounts.

SECTION 6. Definitions.

"Qualified Entity" means any person or organisation that meets the eligibility criteria established pursuant to Section 3 of this Act.
"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.
"Programme" means the scheme of activities, services, and financial assistance established by this Act and administered by the Agency.

SECTION 7. Effective Date.

This Act shall take effect ninety (90) days following its enactment into law.

SECTION 8. 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
28 entries
Draft
Vernon Sloane May 19, 11:14 AM

With the leave of this chamber, I introduce SB-032 and respectfully request that it be referred to the appropriate committee.

William Hardin May 19, 11:14 AM

I second the motion to introduce SB-032 and concur that it warrants the serious attention of this chamber.

Debate
The Clerk May 19, 11:14 AM

The Chair announces that SB-032 has been referred from initial introduction to open debate in accordance with the standing rules of this chamber.

Reginald Finch May 19, 11:14 AM

Mr. President / Mr. Speaker, the merits of SB-032 speak for themselves. This chamber would be well-served by swift and favourable action on this legislation.

Edmund Forsythe May 19, 11:14 AM

The distinguished member who introduced this legislation is to be commended. SB-032 addresses long-standing deficiencies in our statutory framework and will materially benefit the people of this Commonwealth.

Thomas Ashford May 19, 11:14 AM

The distinguished member who introduced this legislation is to be commended. SB-032 addresses long-standing deficiencies in our statutory framework and will materially benefit the people of this Commonwealth.

Committee
Burl Lassiter May 19, 11:14 AM

The committee received substantial testimony on SB-032 and, by a vote of the majority, reports it to the floor for consideration. A minority report has been filed and is available to all members.

Debate
Sylvia Richardson May 19, 11:14 AM

I yield back the remainder of my time and ask for a favourable vote on SB-032.

Floor Vote
Harold Stratton May 21, 1:16 PM

I cast my vote in the negative, consistent with my responsibility to ensure the fiscal integrity of this Commonwealth.

Calvin Marsh May 21, 1:16 PM

I cast my vote in the negative, consistent with my responsibility to ensure the fiscal integrity of this Commonwealth.

Leonard Burke May 21, 1:16 PM

I vote nay and respectfully express my concern that further deliberation is warranted.

Russell Grayson May 21, 1:16 PM

I cast my vote in the negative, consistent with my responsibility to ensure the fiscal integrity of this Commonwealth.

Clifford Potts May 21, 1:16 PM

I cast my vote in the negative, consistent with my responsibility to ensure the fiscal integrity of this Commonwealth.

Lawrence Holt May 21, 1:16 PM

Nay. The measure as drafted requires revision before it can command my support.

Vernon Sloane May 21, 1:16 PM

I vote nay and respectfully express my concern that further deliberation is warranted.

Howard Cresswell May 21, 1:16 PM

Yea. I commend the sponsoring member for bringing this matter before the chamber.

Arthur Westbrook May 21, 1:16 PM

I vote nay and respectfully express my concern that further deliberation is warranted.

Randolph Tate May 21, 1:16 PM

Nay. I look forward to working with the sponsor on an amended version in a future session.

Raymond Ingram May 21, 1:16 PM

I vote nay and respectfully express my concern that further deliberation is warranted.

Denise Caldwell May 21, 1:16 PM

Yea. I commend the sponsoring member for bringing this matter before the chamber.

Gerald Fontaine May 21, 1:16 PM

Yea. I commend the sponsoring member for bringing this matter before the chamber.

Sofia Patel May 21, 1:16 PM

I cast my vote in the affirmative, consistent with the wishes of my constituents and my own studied review of this measure.

Marcus Webb May 21, 1:16 PM

Yea. This legislation serves the public interest and merits the affirmative vote of this chamber.

Veronica Estrada May 21, 1:16 PM

Nay. The measure as drafted requires revision before it can command my support.

Sylvia Richardson May 21, 1:16 PM

I cast my vote in the affirmative, consistent with the wishes of my constituents and my own studied review of this measure.

Philip Hartley May 21, 1:16 PM

I cast my vote in the affirmative, consistent with the wishes of my constituents and my own studied review of this measure.

Patricia Mendez May 21, 1:16 PM

I vote yea and record my support for the advancement of sound public policy.

Failed
The Clerk May 22, 11:16 AM

It is the determination of the Chair that SB-032 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
This bill failed to pass.
Statistics
Total Votes Cast 38
Co-Sponsors 0
Last Updated May 22
Authored By
V
Vernon Sloane
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