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Glossary of Legislative Terms

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
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Fiscal Policy (FP)


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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