# Arkansas SB242: TO AMEND THE LAW CONCERNING LOANS INVOLVING THE STOCK OF A STATE BANK. Arkansas SB242, TO AMEND THE LAW CONCERNING LOANS INVOLVING THE STOCK OF A STATE BANK., is a 2025 Regular Session Senate bill sponsored by Howard M. Beaty, Jr. (Republican), Ricky Hill (Republican); status enacted, last action 2025-03-20 (Notification that SB242 is now Act 344) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/AR-SB242-2025 - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Arkansas SB242 - State: Arkansas - Session: 2025 Regular Session - Title: TO AMEND THE LAW CONCERNING LOANS INVOLVING THE STOCK OF A STATE BANK. - Status: enacted - Chamber: Senate - Introduced: 2025-02-17 - Last action: 2025-03-20, Notification that SB242 is now Act 344 - Sponsors: Howard M. Beaty, Jr. (Republican), Ricky Hill (Republican) - Cosponsors: 0 - Touches household money: no - Roll calls: 2 (130 yes, 0 no in all) - Economic provisions PRIA read: 1 ## Summary No summary available. ## Bill overview: provisions PRIA read - Arkansas banks gain limited stock-backed lending: mixed, low. Arkansas state banks can handle certain loans backed by their own stock or their holding company’s stock. Banks generally cannot knowingly lend to stockholders against that stock, finance its purchase, or hold loans representing investments in it. Banks can collect that stock for debts previously m… ## Sponsors and cosponsors - Sponsor: Howard M. Beaty, Jr. (Republican), House - Sponsor: Ricky Hill (Republican), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-03-17 | House | House Vote - Monday, March 17, 2025 2:39:56 PM | pass | 97 | 0 | | | 2025-03-06 | Senate | Senate Vote - Thursday, March 6, 2025 3:07:44 PM | pass | 33 | 0 | | ## Actions (20) - 2025-03-20: Notification that SB242 is now Act 344 (Senate) - 2025-03-18: DELIVERED TO GOVERNOR. (Senate) - 2025-03-18: Reported correctly enrolled and ordered delivered to the Governor. (Senate) - 2025-03-17: ORDERED ENROLLED (Senate) - 2025-03-17: Returned from the House as passed. (Senate) - 2025-03-17: Returned to the Senate as passed. (House) - 2025-03-17: Read the third time and passed and ordered transmitted to the Senate. (House) - 2025-03-12: Returned by the Committee Do Pass (House) - 2025-03-06: Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE (House) - 2025-03-06: RECEIVED FROM THE SENATE (House) - 2025-03-06: Ordered immediately transmitted to the House. (Senate) - 2025-03-06: Read the third time and passed. (Senate) - 2025-03-05: REPORTED CORRECTLY ENGROSSED (Senate) - 2025-03-05: Amendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed. (Senate) - 2025-03-05: Placed on second reading for purpose of amendment. (Senate) - 2025-03-04: Returned by the Committee with the recommendation that it Do Pass as amended, Amendment # 1 (Senate) - 2025-02-24: Re-referred to INSURANCE & COMMERCE - SENATE (Senate) - 2025-02-20: Returned by the Committee, with the recommendation that it Do Pass (Senate) - 2025-02-17: Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE (Senate) - 2025-02-17: Filed (Senate) ## Bill text - SB242 - Introduced, 2025-02-17: [PDF](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FSB242.pdf) - Act Version: [PDF](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=344.pdf&ddBienniumSession=2025%2F2025R) ## Related bills - HB1265: AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025-2026 FISCAL YEAR. (enacted) - HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO SET PENALTIES FOR A VIOLATION OF THE PROHIBITION OF SOLICITATION OF INJURED INDIV… (failed) - HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS. (failed) - SB440: TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE USE OF ALKALINE HYDROLYSIS; AND TO REGULATE ALKALINE HYDROLYSIS FACILITIES. (failed) - HB1695: TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO ALLOW A MUNICIPALITY TO PETITION TO SET ASIDE THE SALE OF PROPERTY TO CERTAIN P… (failed) - HR1012: TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL ASSEMBLY; TO REQUIRE THAT A MEMBER OF THE HOUSE OF REPRESENTATIVES BE SELECTED A… (failed) ## Sources - [SB242 - Introduced (PDF)](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FSB242.pdf) - [Act Version (PDF)](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=344.pdf&ddBienniumSession=2025%2F2025R) ## Related - [HB1265: AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025…](https://policyrisk.com/state-bill/AR-HB1265-2025) - [HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO S…](https://policyrisk.com/state-bill/AR-HB1237-2025) - [HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS.](https://policyrisk.com/state-bill/AR-HB1686-2025) - [SB440: TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE US…](https://policyrisk.com/state-bill/AR-SB440-2025) - [HB1695: TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO…](https://policyrisk.com/state-bill/AR-HB1695-2025) - [HR1012: TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL…](https://policyrisk.com/state-bill/AR-HR1012-2025) - [Arkansas bills](https://policyrisk.com/states/arkansas/bills) - [Arkansas state hub](https://policyrisk.com/states/arkansas) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/AR-SB242-2025 (as of 2026-10-19).