HB 1985 — An Act amending the act of November 30, 1965 (P.L.847, No.356), known as the Banking Code of 1965, in general provisions, further providing for legal holidays; and making a repeal.

PRINTER'S NO.    2504

                     THE GENERAL ASSEMBLY OF PENNSYLVANIA



                         HOUSE BILL
                         No. 1985
                                                Session of
                                                  2025

     INTRODUCED BY RABB, RIVERA, KINKEAD AND CEPEDA-FREYTIZ,
        OCTOBER 22, 2025

     REFERRED TO COMMITTEE ON STATE GOVERNMENT, OCTOBER 23, 2025


                                      AN ACT
 1   Amending the act of November 30, 1965 (P.L.847, No.356),
 2      entitled "An act relating to and regulating the business of
 3      banking and the exercise by corporations of fiduciary powers;
 4      affecting persons engaged in the business of banking and
 5      corporations exercising fiduciary powers and affiliates of
 6      such persons; affecting the shareholders of such persons and
 7      the directors, trustees, officers, attorneys and employes of
 8      such persons and of the affiliates of such persons; affecting
 9      national banks located in the Commonwealth; affecting persons
10      dealing with persons engaged in the business of banking,
11      corporations exercising fiduciary powers and national banks;
12      conferring powers and imposing duties on the Banking Board,
13      on certain departments and officers of the Commonwealth and
14      on courts, prothonotaries, clerks and recorders of deeds;
15      providing penalties; and repealing certain acts and parts of
16      acts," in general provisions, further providing for legal
17      holidays; and making a repeal.
18      The General Assembly of the Commonwealth of Pennsylvania
19   hereby enacts as follows:
20      Section 1.    Section 113(b) of the act of November 30, 1965
21   (P.L.847, No.356), known as the Banking Code of 1965, is amended
22   to read:
23   Section 113.    Legal Holidays
24      * * *
25      (b)     Optional holidays--An institution may at its option
 1   observe as a legal holiday:
 2            (i)    Lincoln's Birthday (February 12);
 3            (ii)    Washington's Birthday (the third Monday in
 4      February);
 5            (iii)    Good Friday;
 6            (iv)    Flag Day (June 14);
 7            [(v)     Columbus Day (the second Monday in October);]
 8            (vi)    Election Day (the first Tuesday after the first
 9      Monday in November);
10            (vii)    Veterans' Day (November 11);
11            (viii)    each Saturday either as a half-holiday after 12
12      o'clock noon or as a full holiday;
13            (ix)    each Monday following an Independence Day, a
14      Christmas Day or New Year's Day which occurs on a Saturday;
15      and
16            (x)    each day which the department permits all
17      institutions by public announcement, or an individual
18      institution by written permission, to observe as a legal
19      holiday.
20      * * *
21      Section 2.      Repeals are as follows:
22            (1)    The General Assembly declares that the repeal under
23      paragraph (2) is necessary to effectuate the amendment of
24      section 113(b) of the act.
25            (2)    The act of August 13, 1963 (P.L.660, No.345),
26      entitled "An act providing for the observance of October 12
27      of each year as Columbus Day," is repealed.
28      Section 3.      This act shall take effect immediately.




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