Delaware Senate Bill 211 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 7-2)
Status: Introduced on May 10 2018 - 25% progression, died in chamber
Action: 2018-06-06 - Reported Out of Committee (Banking, Business & Insurance) in Senate with 4 On Its Merits
Text: Latest bill text (Draft #1) [HTML]

This Act authorizes the creation and regulation of a new type of limited-purpose bank, the "Business Development Bank." Modeled on Delaware's successful credit card bank laws, this Act would allow Business Development Banks, or "BDBs," to concentrate their resources in the commercial lending space, leverage technology and expertise, and partner with existing banks to serve a broader spectrum of small to medium-sized businesses. This Act would limit the permissible activities of the BDBs to ensure that they cannot compete with existing banks for consumer customers or to provide several other forms of bank or trust services.

An Act To Amend Title 5 Of The Delaware Code Relating To The Creation And Regulation Of Business Development Banks.

Sen. Bryan Townsend [D]	Rep. Bryon Short [D]	Sen. Colin Bonini [R]	Sen. Brian Bushweller [D]
Sen. Stephanie Hansen [D]	Sen. Margaret Henry [D]	Sen. Brian Pettyjohn [R]	Sen. David Sokola [D]
Sen. Charles Paradee [D]

Date	Chamber	Action
2018-06-06		Reported Out of Committee (Banking, Business & Insurance) in Senate with 4 On Its Merits
2018-06-05		Amendment SA 1 to SB 211 - Introduced and Placed With Bill
2018-05-10		Introduced and Assigned to Banking, Business & Insurance Committee in Senate

Type	Source
Summary	http://legis.delaware.gov/BillDetail?LegislationId=26689
Text	http://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=26689&legislationTypeId=1&docTypeId=2&legislationName=SB211