Bill Summary

SB 914 Digital Trust Business (2024 Session)
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Sponsors
by Perry
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Summary
Digital Trust Business; Prohibiting certain entities from engaging in digital trust business without an application to and prior approval by the Office of Financial Regulation; authorizing a state bank or state trust company to exclusively engage in virtual trust business under certain circumstances; requiring the commission to ensure that the state bank’s or state trust company’s policies and procedures satisfy certain requirements; requiring the commission to establish standards by rule which relate to stablecoin, etc. Effective Date: 7/1/2024
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committees of reference
» S Banking and Insurance
   S Appropriations Committee on Agriculture, Environment, and General Government
   S Fiscal Policy
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Actions
12/13/23
SENATE
Filed
01/04/24
SENATE
Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
03/08/24
SENATE
Died in Banking and Insurance
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bill text & filed amendments
0914
Filed on 12/13/23
PDF
No amendments to this bill text filed.
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Statute Citations
There are no statute citations.
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