Delaware Senate Bill 259 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 7-1)
Status: Passed on August 4 2022 - 100% progression
Action: 2022-08-04 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

This bill increases the amount of funds deposited into the Investor Protection Fund from money collected by the Investor Protection Unit from $100,000 to $550,000. In addition, it increases the retention cap of the Investor Protection Fund from $300,000 to $750,000. Lastly, it expands the permissible uses of the Investor Protection Fund to include expenses of the Fraud and Consumer Protection Division of the Department of Justice (DOJ) related to consumer protection and financial fraud.

An Act To Amend Title 6 Of The Delaware Code Relating To The Investor Protection Fund.

Sen. Kyle Gay [D]	Rep. Krista Griffith [D]	Sen. Bruce Ennis [D]	Sen. David Sokola [D]
Rep. Ruth Briggs King [R]	Rep. Kendra Johnson [D]	Rep. John Mitchell [D]	Rep. Edward Osienski [D]

2022-06-29 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]
2022-06-08 - Senate - Senate Third Reading (Y: 20 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2022-08-04		Signed by Governor
2022-06-29		Passed By House. Votes: 41 YES
2022-06-14		Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 11 On Its Merits
2022-06-09		Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
2022-06-08		Passed By Senate. Votes: 20 YES 1 ABSENT
2022-06-08		Reported Out of Committee (Judiciary) in Senate with 2 Favorable, 3 On Its Merits
2022-04-12		Re-Assigned to Judiciary Committee in Senate
2022-04-11		Introduced and Assigned to Banking, Business & Insurance Committee in Senate

Type	Source
Summary	https://legis.delaware.gov/BillDetail?LegislationId=99342
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=99342&legislationTypeId=1&docTypeId=2&legislationName=SB259
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#53351
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#53824