SB 259 — AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO THE INVESTOR PROTECTION FUND.
Last action — Signed by Governor
-
✓Introduced
-
✓In Committee
-
✓Passed Senate
-
✓Passed House
-
✓To Executive
-
6Enacted
This bill has been enacted into law. Introduced April 11, 2022. Enacted.
Odds of enactment
High chanceBased on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
-
Enacted
Current position in the legislative process.
-
8 sponsors
2 primary, 6 co-sponsors signed on.
-
Single-party support
Sponsorship is currently within one party (4 D).
-
Cleared a recorded vote
Passed 2 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
This bill increases the amount of funds deposited into the Investor Protection Fund from money collected by the Investor Protection Unit from $100,000 to $550,000. In addition, it increases the retention cap of the Investor Protection Fund from $300,000 to $750,000. Lastly, it expands the permissible uses of the Investor Protection Fund to include expenses of the Fraud and Consumer Protection Division of the Department of Justice (DOJ) related to consumer protection and financial fraud. The Investor Protection Fund receives revenues from fees collected by the Unit, as well as any settlement recoveries of the Unit. It is largely used to pay the non-personnel expenses of DOJ’s Investor Protection Unit, which is a part of DOJ’s Fraud and Consumer Protection Division.
Bill Text
- Bill Text View text Current pdf
Action History
-
Signed by Governor
-
Passed By House. Votes: 41 YES
-
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 11 On Its Merits
-
Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
-
Passed By Senate. Votes: 20 YES 1 ABSENT
-
Reported Out of Committee (Judiciary) in Senate with 2 Favorable, 3 On Its Merits
-
Re-Assigned to Judiciary Committee in Senate
-
Introduced and Assigned to Banking, Business & Insurance Committee in Senate
Sponsors
- Kyle Evans Gay · Primary
- John L. Mitchell · Cosponsor
- Krista Griffith · Primary
- David P. Sokola · Cosponsor
- Kendra Johnson · Cosponsor
- Edward S. Osienski · Cosponsor
- Ruth Briggs King · Cosponsor
- Bruce C. Ennis · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →2 sponsors · 6 co-sponsors · 54 not signed on
Sponsors (2)
- Kyle Evans Gay
- Krista Griffith Democratic
Co-sponsors (6)
- John L. Mitchell
- David P. Sokola Democratic
- Kendra Johnson Democratic
- Edward S. Osienski Democratic
- Ruth Briggs King
- Bruce C. Ennis
Not signed on (54)
54 members have not signed on to this bill.
Show all 54 →"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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 13 | 0 | 0 | 0 |
| Democratic | 16 | 0 | 0 | 0 |
| Republican | 12 | 0 | 0 | 0 |
| Total | 41 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (41)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 5 | 0 | 0 | 0 |
| Democratic | 11 | 0 | 0 | 0 |
| Republican | 4 | 0 | 0 | 1 |
| Total | 20 | 0 | 0 | 1 |
| % of votes cast | 95% | 0% | 0% | 5% |
How each member voted (21)
| Member | Party | Vote |
|---|---|---|
| Bruce C. Ennis | — | Yea |
| Colin Bonini | — | Yea |
| Ernesto B Lopez | — | Yea |
| Kyle Evans Gay | — | Yea |
| Sarah McBride | — | Yea |
| Bryan Townsend | Democratic | Yea |
| Darius J. Brown | Democratic | Yea |
| David P. Sokola | Democratic | Yea |
| John "Jack" Walsh | Democratic | Yea |
| Laura V. Sturgeon | Democratic | Yea |
| Marie Pinkney | Democratic | Yea |
| Nicole Poore | Democratic | Yea |
| S. Elizabeth Lockman | Democratic | Yea |
| Spiros Mantzavinos | Democratic | Yea |
| Stephanie L. Hansen | Democratic | Yea |
| Trey Paradee | Democratic | Yea |
| Brian Pettyjohn | Republican | Yea |
| Bryant L. Richardson | Republican | Yea |
| Dave G. Lawson | Republican | Not Voting |
| David L. Wilson | Republican | Yea |
| Gerald W. Hocker | Republican | Yea |
Subjects
Frequently asked questions
- What does SB 259 do?
- This bill increases the amount of funds deposited into the Investor Protection Fund from money collected by the Investor Protection Unit from $100,000 to $550,000. In addition, it increases the retention cap of the Investor Protection Fund from $300,000 to $750,000. Lastly, it expands the permissible uses of the Investor Protection Fund to include expenses of the Fraud and Consumer Protection Division of the Department of Justice (DOJ) related to consumer protection and financial fraud. The Investor Protection Fund receives revenues from fees collected by the Unit, as well as any settlement recoveries of the Unit. It is largely used to pay the non-personnel expenses of DOJ’s Investor Protection Unit, which is a part of DOJ’s Fraud and Consumer Protection Division.
- Who sponsors SB 259?
- SB 259 is sponsored by Kyle Evans Gay, John L. Mitchell, Krista Griffith (Democratic), David P. Sokola (Democratic), Kendra Johnson (Democratic), Edward S. Osienski (Democratic), Ruth Briggs King, and Bruce C. Ennis.
- What is the current status of SB 259?
- This bill has been enacted into law. Introduced April 11, 2022. Enacted.
- Where can I track SB 259?
- Track SB 259 free on One Click Politics — get push/email alerts when it moves.
Make your voice heard on SB 259
Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.
Stay ahead of SB 259
Last checked for changes 2 months ago · updated continuously
One Click Politics tracks every bill in Congress and all 50 states.
Track this bill →