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SB76Introduced in the Senate

Revises provisions relating to securities. (BDR 7-486)

Passed

Introduced by Judiciary

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

AN ACT relating to securities; creating the Fund for the Compensation of Victims of Securities Fraud and prescribing the use of money in the Fund; authorizing certain persons to whom a court orders restitution to apply for compensation from the Fund; requiring the Administrator of the Securities Division of the Office of the Secretary of State to review applications for and award compensation from the Fund; making confidential certain information; requiring the Division to adopt regulations relating to the administration of the Fund; requiring the Administrator to submit to the Legislature a biennial report concerning the Fund; requiring a person who receives compensation from the Fund to reimburse the State for such compensation under certain circumstances; revising provisions relating to certain exempt securities and exempt transactions; revising provisions governing the deposit of certain money received by the Division or the Administrator; and providing other matters properly relating thereto.

Where it stands

Approved by the Governor. Chapter 376.

June 6, 2025

How did lawmakers vote?

Assembly votes

1 recorded vote · each counted separately

Senate votes

1 recorded vote · each counted separately

AssemblyStage: Assembly Final Passage · May 31, 2025

36

Yes

3

No

3

Absent or Not Voting

42 assemblymembers recorded in this Assembly vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

See how each assemblymember voted

Bill history

  1. Prefiled. Referred to Committee on Judiciary. To printer.

  2. From printer.

  3. Read first time. To committee.

  4. From committee: Amend, and do pass as amended.

  5. Placed on Second Reading File.

  6. Read second time. Amended. (Amend. No. 337.)

  7. Notice of eligibility for exemption.

  8. Taken from General File. Re-referred to Committee on Finance. Exemption effective. To printer.

  9. From printer. To engrossment. Engrossed. First reprint.

  10. To committee.

  11. From committee: Amend, and do pass as amended.

  12. Placed on General File.

  13. Read third time. Amended. (Amend. No. 801.)

  14. Reprinting dispensed with.

  15. Read third time. Passed, as amended. Title approved. (Yeas: 13, Nays: 7, Excused: 1.) To printer.

  16. From printer. To re-engrossment. Re-engrossed. Second reprint. To Assembly.

  17. In Assembly.

  18. Read first time. Referred to Committee on Judiciary. To committee.

  19. From committee: Do pass.

  20. Placed on Second Reading File.

  21. Read second time.

  22. Read third time. Passed. Title approved. (Yeas: 36, Nays: 3, Excused: 3.) To Senate.

  23. In Senate.

  24. To enrollment.

  25. Enrolled and delivered to Governor.

  26. Approved by the Governor. Chapter 376.

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