SB 914: Digital Trust Business
GENERAL BILL by Perry
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
Last Action: 3/8/2024 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 3/8/2024 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
Bill History
Date | Chamber | Action |
---|---|---|
12/13/2023 | Senate |
• Filed |
1/4/2024 | Senate |
• Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy |
1/9/2024 | Senate |
• Introduced |
3/8/2024 | Senate |
• Died in Banking and Insurance |