Missouri 2026 Regular Session Status: In Committee

SB 1256 — Modifies provisions relating to the Uniform Commercial Code

Last action — Second Read and Referred S Insurance and Banking Committee

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced December 01, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 14% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

SB 1256 - This act modifies various provisions relating to the Uniform Commercial Code. The act provides that state law, rather than the local law of a securities intermediary's jurisdiction, governs various aspects of the acquisition, rights, and duties of investment securities, as well as the perfection, the effect of perfection or nonperfection, and the priority of a security interest in a security entitlement or securities account. Provisions are repealed establishing the process for determining a securities intermediary's jurisdiction. The act additionally repeals a provision establishing that a claim of creditors of a securities intermediary who have a security interest in a financial asset held by a securities intermediary has priority over claims of the securities intermediary's entitlement holders who have security entitlements with respect to that financial asset if the creditor has control over the financial asset. The act additionally repeals a provision providing that if a clearing corporation does not have sufficient financial assets to satisfy both its obligations to entitlement holders who have security entitlements with respect to a financial asset and its obligation to a creditor of the clearing corporation who has a security interest in that financial asset, the claim of the creditor has priority over the claims of entitlement holders. SCOTT SVAGERA

Bill Text

Action History

  1. Second Read and Referred S Insurance and Banking Committee

  2. S First Read

  3. Prefiled

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 198 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (198)

198 members have not signed on to this bill.

Show all 198 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 1256 do?
SB 1256 - This act modifies various provisions relating to the Uniform Commercial Code. The act provides that state law, rather than the local law of a securities intermediary's jurisdiction, governs various aspects of the acquisition, rights, and duties of investment securities, as well as the perfection, the effect of perfection or nonperfection, and the priority of a security interest in a security entitlement or securities account. Provisions are repealed establishing the process for determining a securities intermediary's jurisdiction. The act additionally repeals a provision establishing that a claim of creditors of a securities intermediary who have a security interest in a financial asset held by a securities intermediary has priority over claims of the securities intermediary's entitlement holders who have security entitlements with respect to that financial asset if the creditor has control over the financial asset. The act additionally repeals a provision providing that if a clearing corporation does not have sufficient financial assets to satisfy both its obligations to entitlement holders who have security entitlements with respect to a financial asset and its obligation to a creditor of the clearing corporation who has a security interest in that financial asset, the claim of the creditor has priority over the claims of entitlement holders. SCOTT SVAGERA
Who sponsors SB 1256?
SB 1256 is sponsored by Joe Nicola.
What is the current status of SB 1256?
This bill is in committee in the Senate. Introduced December 01, 2025. It must pass committee before a floor vote.
Where can I track SB 1256?
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Last checked for changes about 2 months ago · updated continuously

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