SB734Introduced in the Senate
Financial institutions; officers and directors.
Introduced by Travis Hackworth, District 5
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
Financial institutions; officers and directors. Provides that the State Corporation Commission may permit, upon petition, an individual to serve as an officer or on the boards of directors of more than one financial institution if the Commission finds that the financial institutions are not in competition with each other or that one or both of the institutions might otherwise be denied capable management or direction from an individual residing in or employed in the locality served by an institution.
Where it stands
Acts of Assembly Chapter text (CHAP0903)
April 13, 2026
How did lawmakers vote?
House of Delegates votes
3 recorded votes · each counted separately
Senate votes
3 recorded votes · each counted separately
House of DelegatesStage: Passed House (99-Y 0-N 0-A) · March 10, 2026
99
Yes
0
No
0
Absent or Not Voting
99 delegates recorded in this House of Delegates vote. Colors show vote categories only, not whether a vote was good or bad.
See how each delegate voted
| Delegate | District | Vote |
|---|---|---|
| Patrick Hope | 1 | Yes |
| Adele McClure | 2 | Yes |
| Alfonso Lopez | 3 | Yes |
| Charniele Herring | 4 | Yes |
| Kirk McPike | 5 | Yes |
| Richard Sullivan | 6 | Yes |
| Karen Keys-Gamarra | 7 | Yes |
| Irene Shin | 8 | Yes |
| Karrie Delaney | 9 | Yes |
| Dan Helmer | 10 | Yes |
Bill history
Presented and ordered printed 26104585D
Referred to Committee on Commerce and Labor
Fiscal Impact Statement from State Corporation Commission (SB734)
Reported from Commerce and Labor (15-Y 0-N)
Rules suspended
Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
Passed by for the day Block Vote (Voice Vote)
Passed by for the day
Read second time
Engrossed by Senate (Voice Vote)
Read third time and passed Senate (38-Y 0-N 0-A)
Placed on Calendar
Read first time
Referred to Committee on Labor and Commerce
Assigned HCL sub: Subcommittee #1
Subcommittee recommends reporting (9-Y 0-N)
Reported from Labor and Commerce (21-Y 0-N)
Read second time
Read third time
Passed House (99-Y 0-N 0-A)
Enrolled
Bill text as passed Senate and House (SB734ER)
Signed by President
Signed by Speaker
Enrolled Bill communicated to Governor on March 31, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Fiscal Impact Statement from State Corporation Commission (SB734)
Approved by Governor-Chapter 903 (effective 7/1/2026)
Acts of Assembly Chapter text (CHAP0903)
Verify the information
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