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SB3113Introduced in the Senate

CREDIT UNIONS-VARIOUS

Passed

Introduced by David Koehler, District 46

What does this bill do?

Plain-English breakdown

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Official description

Reinserts the provisions of the introduced bill with the following changes. Makes changes to senior management official and executive officer provisions. In provisions concerning the delegation of duties by the board of directors, provides that the board of directors may delegate to the chief management official the hiring of employees other than the chief management official, including, without limitation, vice presidents and other officers (instead of just the hiring of employees other than the chief management official), and fixing their title, grade, and compensation (instead of just their compensation). Removes provisions concerning a credit union's authority to engage in digital asset business activity and perform custodial services. Provides that, when marketing or advertising digital assets, digital asset business activities conducted by covered persons or service providers (instead of digital asset business activities), and related administrative functions to the members of the credit union, the members shall receive the specified information. Makes changes to compliance requirements in provisions concerning the investment of credit union funds in commercial mortgage related securities and collateralized mortgage obligations. Effective immediately.

Where it stands

Public Act . . . . . . . . . 104-0567

July 10, 2026

How did lawmakers vote?

House votes

3 recorded votes · each counted separately

Senate votes

6 recorded votes · each counted separately

SenateStage: Senate Concurrence · May 31, 2026

50

Yes

6

No

3

Absent or Not Voting

59 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

See how each senator voted

SenatorDistrictVote
Javier Cervantes1Yes
Omar Aquino2Yes
Mattie Hunter3Yes
Kimberly Lightford4Yes
Lakesia Collins5Not Voting
Sara Feigenholtz6Not Voting
Mike Simmons7Yes
Ram Villivalam8Yes
Laura Fine9Yes
Robert Martwick10Yes

Bill history

  1. Filed with Secretary by Sen. David Koehler

  2. First Reading

  3. Referred to Assignments

  4. Assigned to Financial Institutions

  5. Senate Committee Amendment No. 1 Filed with Secretary by Sen. David Koehler

  6. Senate Committee Amendment No. 1 Referred to Assignments

  7. Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions

  8. Senate Committee Amendment No. 1 Adopted

  9. Do Pass as Amended Financial Institutions; 006-000-000

  10. Placed on Calendar Order of 2nd Reading March 12, 2026

  11. Second Reading

  12. Placed on Calendar Order of 3rd Reading March 25, 2026

  13. Senate Floor Amendment No. 2 Filed with Secretary by Sen. David Koehler

  14. Senate Floor Amendment No. 2 Referred to Assignments

  15. Senate Floor Amendment No. 2 Assignments Refers to Financial Institutions

  16. Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 006-000-000

  17. Recalled to Second Reading

  18. Senate Floor Amendment No. 2 Adopted; Koehler

  19. Placed on Calendar Order of 3rd Reading

  20. Third Reading - Passed; 055-000-000

  21. Arrived in House

  22. Chief House Sponsor Rep. Ryan Spain

  23. First Reading

  24. Referred to Rules Committee

  25. Assigned to Executive Committee

  26. Committee Deadline Extended-Rule 9(b) May 15, 2026

  27. Alternate Chief Sponsor Removed Rep. Ryan Spain

  28. Chief House Sponsor Rep. Jay Hoffman

  29. Do Pass / Short Debate Executive Committee; 008-003-000

  30. Placed on Calendar 2nd Reading - Short Debate

  31. Second Reading - Short Debate

  32. Held on Calendar Order of Second Reading - Short Debate

  33. Third Reading/Final Action Deadline Extended-9(b) May 31, 2026

  34. House Floor Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman

  35. House Floor Amendment No. 1 Referred to Rules Committee

  36. House Floor Amendment No. 1 Rules Refers to Energy & Environment Committee

  37. House Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman

  38. House Floor Amendment No. 2 Referred to Rules Committee

  39. House Floor Amendment No. 2 Rules Refers to Energy & Environment Committee

  40. House Floor Amendment No. 2 Recommends Be Adopted Energy & Environment Committee; 023-002-000

  41. House Floor Amendment No. 2 Adopted

  42. Placed on Calendar Order of 3rd Reading - Short Debate

  43. Third Reading - Short Debate - Passed 112-002-000

  44. House Floor Amendment No. 1 Tabled

  45. Secretary's Desk - Concurrence House Amendment(s) 2

  46. Placed on Calendar Order of Concurrence House Amendment(s) 2 - May 31, 2026

  47. House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. David Koehler

  48. House Floor Amendment No. 2 Motion to Concur Referred to Assignments

  49. House Floor Amendment No. 2 Motion to Concur Assignments Referred to Executive

  50. House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 012-000-000

  51. House Floor Amendment No. 2 Senate Concurs 050-006-000

  52. Senate Concurs

  53. Passed Both Houses

  54. Sent to the Governor

  55. Governor Approved

  56. Effective Date January 1, 2027

  57. Public Act . . . . . . . . . 104-0567

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