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State House Update:

From The Governor’s Office

March 17, 2022 | nj.gov


NJ Department of Banking and Insurance Directs Regulated Entities to Fully Comply with U.S. Sanctions on Russia and Belarus





The New Jersey Department of Banking and Insurance today directed insurance companies, financial institutions and other entities it regulates to fully comply with the sanctions imposed on Russia and Belarus by the United States. The directive follows Executive Order No. 291, issued by Governor Phil Murphy on March 2, directing the department to take action in response to the Russian invasion of Ukraine.


Assembly Schedule:


On Monday, March 21 the Assembly Commerce and Economic Development Committee scheduled a meeting to accept testimony from invited guests concerning the greater than $3 billion in State debt which was defeased (cancelled) through the "New Jersey Debt Defeasance (abrogation) and Prevention Fund," and potential opportunities to improve the State's fiscal condition through activities supported by the fund.


Also scheduled to meet on March 21 & 23: The Assembly Budget Committee will begin hearings on the Murphy Administration’s proposed $48.9 billion FY 2023 Budget.


An Assembly voting session is scheduled for Thursday, March 24.


Senate Schedule


March 29: The Senate Budget and Appropriations Committee is scheduled to begin hearings on the Murphy Administration’s proposed $48.9 billion FY 2023 Budget. The Committees will take oral testimony by telephone and video, limited to three minutes. Registration is required and must be received by 3:00 PM the day before the hearing (3/28/22).


A Senate voting session is scheduled for Thursday, March 24.

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