Explains requirements for written guidance provided by an agency in response to an inquiry by a financial institution and sets forth the civil actions that can be brought for a fraudulent act or intentional misconduct of the financial institution

Summary

The bill adds a new section to Missouri law defining “financial institution,” “regulatory agency,” and “written guidance.” It says a bank or similar entity cannot be sued under state law for actions taken in good‑faith reliance on applicable rules or agency guidance, even if those rules are later changed or invalidated, unless the conduct was fraudulent, intentional, willful, or grossly negligent. The measure failed to pass.

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