S0420Introduced in the Senate
Investment of Funds by Political Subdivisions
Introduced by Thomas Young, District 24
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
Amend The South Carolina Code Of Laws By Amending Section 6-5-10, Relating To Authorized Investments Of Funds By Political Subdivisions, So As To Authorize Certain Investment-grade Corporate Debt Investments By Qualified Retiree Post-employment Benefits Trusts And To Provide Requirements And Limitations For Such Investments. - Ratified Title
Where it stands
Act No. 223
June 3, 2026
How did lawmakers vote?
House votes
1 recorded vote · each counted separately
Senate votes
1 recorded vote · each counted separately
HouseStage: House: Passage Of Bill · May 13, 2026
104
Yes
3
No
17
Absent or Not Voting
124 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.
See how each representative voted
| Representative | District | Vote |
|---|---|---|
| William Whitmire | 1 | Yes |
| Adam Duncan | 2 | Yes |
| Phillip Bowers | 3 | Not Voting |
| Davey Hiott | 4 | Yes |
| Neal Collins | 5 | Yes |
| April Cromer | 6 | Yes |
| Lee Gilreath | 7 | Yes |
| Don Chapman | 8 | Yes |
| Blake Sanders | 9 | Yes |
| Thomas Beach | 10 | Yes |
Bill history
Introduced and read first time
Referred to Committee on Finance
Committee report: Favorable with amendment Finance
Scrivener's error corrected
Committee Amendment Adopted
Read second time
Roll call Ayes-44 Nays-0
Read third time and sent to House
Introduced and read first time
Referred to Committee on Ways and Means
Committee report: Favorable with amendment Ways and Means
Debate adjourned
Amended
Read second time
Roll call Yeas-104 Nays-3
Read third time and returned to Senate with amendments
Concurred in House amendment and enrolled
Ratified R 226
Signed By Governor
Effective date 05/19/26
Act No. 223
Verify the information
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