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Senate panel advances SB 300 and SB 331 by voice vote

Senate Committee on Financial Institutions and Insurance · February 4, 2026
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Summary

The Senate Financial Institutions and Insurance Committee voted to pass SB 300, which limits state receivership for certain tech‑enabled fiduciary institutions, and SB 331, which repeals a 1914 banking statute; both bills passed favorably by voice vote and will move to the Senate floor.

The Senate Financial Institutions and Insurance Committee advanced two bills by voice vote.

Senate Bill 300, introduced by the joint committee on fiduciary and financial institutions oversight, would prohibit the Office of the State Bank Commissioner and other state agencies from becoming receiver for technology‑enabled…

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