LB1153 NE failed

Change provisions relating to recovery under the Consumer Protection Act, provide a termination date for the State Settlement Cash Fund and for distribution of money in the fund, and change provisions relating to the State Settlement Trust Fund

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Plain-English summary

1. **ONE-SENTENCE SUMMARY:** LB1153 aimed to modify the Consumer Protection Act regarding fund distributions and the termination of certain state funds, but it ultimately failed. 2. **KEY REQUIREMENTS:** - No immediate actions required since the bill did not pass. 3. **DEADLINES:** - No effective date or compliance deadlines as the bill failed. 4. **PENALTIES:** - No penalties apply since the legislation did not become law. 5. **SMB IMPACT:** Since LB1153 did not pass, small businesses are not affected by any new requirements or changes to the Consumer Protection Act at this time. They can continue operating under the existing regulations without concern for changes from this bill.

Source description

Change provisions relating to recovery under the Consumer Protection Act, provide a termination date for the State Settlement Cash Fund and for distribution of money in the fund, and change provisions relating to the State Settlement Trust Fund


Not legal advice. Summaries are generated by AI from publicly available bill text and may contain errors or omissions. Always consult counsel before making compliance decisions.