Delaware 149th General Assembly (2017-2018) Status: In Committee Bipartisan · 4 D · 1 R cosponsors

SB 211 — AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO THE CREATION AND REGULATION OF BUSINESS DEVELOPMENT BANKS.

Last action — Reported Out of Committee (Banking, Business & Insurance) in Senate with 4 On Its Merits

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

This bill died with 149th General Assembly (2017-2018). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

This Act authorizes the creation and regulation of a new type of limited-purpose bank, the "Business Development Bank." Modeled on Delaware's successful credit card bank laws, this Act would allow Business Development Banks, or "BDBs," to concentrate their resources in the commercial lending space, leverage technology and expertise, and partner with existing banks to serve a broader spectrum of small to medium-sized businesses. This Act would limit the permissible activities of the BDBs to ensure that they cannot compete with existing banks for consumer customers or to provide several other forms of bank or trust services.

Bill Text

Action History

  1. Reported Out of Committee (Banking, Business & Insurance) in Senate with 4 On Its Merits

  2. Amendment SA 1 to SB 211 - Introduced and Placed With Bill

  3. Introduced and Assigned to Banking, Business & Insurance Committee in Senate

Sponsors

Sponsorship breakdown

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2 sponsors · 7 co-sponsors · 53 not signed on

Sponsors (2)

Co-sponsors (7)

Not signed on (53)

53 members have not signed on to this bill.

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"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.

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Subjects

finance technology
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Frequently asked questions

What does SB 211 do?
This Act authorizes the creation and regulation of a new type of limited-purpose bank, the "Business Development Bank." Modeled on Delaware's successful credit card bank laws, this Act would allow Business Development Banks, or "BDBs," to concentrate their resources in the commercial lending space, leverage technology and expertise, and partner with existing banks to serve a broader spectrum of small to medium-sized businesses. This Act would limit the permissible activities of the BDBs to ensure that they cannot compete with existing banks for consumer customers or to provide several other forms of bank or trust services.
Who sponsors SB 211?
SB 211 is sponsored by Bryan Townsend (Democratic), Stephanie L. Hansen (Democratic), Brian Pettyjohn (Republican), David P. Sokola (Democratic), Trey Paradee (Democratic), Margaret Rose Henry, Brian J. Bushweller, Colin Bonini, and Bryon H. Short.
What is the current status of SB 211?
This bill died with 149th General Assembly (2017-2018). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 211?
Track SB 211 free on One Click Politics — get push/email alerts when it moves.

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