Pennsylvania 2025_0 Regular Session Status: In Committee 9 D cosponsors

SB 1402 — An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for licensing and regulation of shared equity providers and shared equity agreements; imposing duties on the Department of Banking and Securities; and imposing penalties.

Last action — Referred to BANKING AND INSURANCE, June 26, 2026

  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 June 26, 2026. 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 26% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 9 sponsors

    1 primary, 8 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (9 D).

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

In plain language

The bill regulates shared equity providers and agreements in Pennsylvania.

This legislation establishes rules for licensing and regulating shared equity providers and their agreements. It also assigns responsibilities to the Department of Banking and Securities.

What this means for you
  • Families: This means that families entering shared equity agreements will have protections and clearer information about their rights.

Summary

Protections for Homeowners Entering Shared Equity Agreements

Bill Text

Action History

  1. Referred to BANKING AND INSURANCE, June 26, 2026

Sponsors

Sponsorship breakdown

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1 sponsors · 8 co-sponsors · 244 not signed on

Sponsors (1)

Co-sponsors (8)

Not signed on (244)

244 members have not signed on to this bill.

Show all 244 →

"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 housing
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 1402 do?
Protections for Homeowners Entering Shared Equity Agreements
Who sponsors SB 1402?
SB 1402 is sponsored by Nikil Saval (Democratic), Wayne D. Fontana (Democratic), Art Haywood (Democratic), Jay Costa (Democratic), Maria Collett (Democratic), James Andrew Malone (Democratic), Timothy P. Kearney (Democratic), Judith L. Schwank (Democratic), and Nick Pisciottano (Democratic).
What is the current status of SB 1402?
This bill is in committee in the Senate. Introduced June 26, 2026. It must pass committee before a floor vote.
Where can I track SB 1402?
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Last checked for changes 3 months ago · updated continuously

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