H 5538 — AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "GUARANTEE BANKING ACT" BY ADDING CHAPTER 47 TO TITLE 34 SO AS TO PROVIDE FOR FAIRNESS AND TRANSPARENCY IN BANKING. - RATIFIED TITLE
Last action — Act No. 257
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✓Introduced
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✓In Committee
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✓Passed House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced April 15, 2026. Enacted.
Signed by Governor Henry McMaster (Republican) on June 30, 2026.
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
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Enacted
Current position in the legislative process.
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26 sponsors
1 primary, 25 co-sponsors signed on.
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Mixed recorded votes
2 passed, 1 failed in 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.
In plain language
The bill establishes the Guarantee Banking Act to promote fairness and transparency in banking.
The Guarantee Banking Act amends South Carolina's banking laws to ensure fairness and transparency for consumers and financial institutions. It adds new provisions that aim to improve the banking experience and establish clearer guidelines.
What this means for you
- Consumers: This means clearer banking practices and potentially better customer service.
- Small Business: Your dealings with banks may become more straightforward and transparent.
Summary
Guarantee Banking Act
Bill Text
- Full text View text Current html
Action History
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Act No. 257
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Effective date 12/30/26
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Signed By Governor
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Ratified R 274
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Roll call Yeas-99 Nays-0
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Concurred in Senate amendment and enrolled
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Debate adjourned (House Journal-page 6)
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Debate adjourned (House Journal-page 9)
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Read third time and returned to House with amendments (Senate Journal-page 108)
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Scrivener's error corrected
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Scrivener's error corrected
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Roll call Ayes-38 Nays-2 (Senate Journal-page 76)
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Read second time (Senate Journal-page 76)
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Amended (Senate Journal-page 76)
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Committee Amendment Adopted (Senate Journal-page 76)
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Special order, set for May12, 2026 (Senate Journal-page 59)
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Committee report: Favorable with amendment Banking and Insurance (Senate Journal-page 10)
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Read third time and sent to Senate (House Journal-page 3)
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Scrivener's error corrected
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Unanimous consent for third reading on next legislative day (House Journal-page 123)
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Roll call Yeas-109 Nays-0 (House Journal-page 121)
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Read second time (House Journal-page 121)
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Amended (House Journal-page 121)
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Member(s) request name added as sponsor: Gibson, Govan
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Member(s) request name added as sponsor: Morgan, Lastinger, Huff, Burns, Chumley, Kilmartin, Beach, D.Mitchell, McCabe, Pedalino, Vaughan
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Committee report: Favorable with amendment Labor, Commerce and Industry (House Journal-page 4)
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Member(s) request name added as sponsor: Cromer, Gilreath
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Referred to Committee on Labor, Commerce and Industry (House Journal-page 40)
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Introduced and read first time (House Journal-page 40)
Sponsors
- Jr. Representative Jerry N. Govan · Cosponsor
- Representative Daniel Gibson · Cosponsor
- Representative John Gregory "Jay" Kilmartin · Cosponsor
- Representative David Vaughan · Cosponsor
- Representative Fawn M. Pedalino · Cosponsor
- Jr. Representative Donald Ryan McCabe · Cosponsor
- Representative Dianne Mitchell · Cosponsor
- Representative Thomas E. "Tommy" Pope · Primary
- Representative Thomas Beach · Cosponsor
- Representative William M. "Bill" Chumley · Cosponsor
- Representative James Mikell "Mike" Burns · Cosponsor
- Representative William C. "Chris" Huff · Cosponsor
- Jr. Representative John T. Lastinger · Cosponsor
- Jr. Representative T. Alan Morgan · Cosponsor
- Representative Thomas Lee Gilreath · Cosponsor
- Representative April Cromer · Cosponsor
- Representative David R. Hiott · Cosponsor
- Representative Bill Taylor · Cosponsor
- Representative Mike M. Neese · Cosponsor
- Representative Melissa Lackey Oremus · Cosponsor
- Representative Thomas R. "Randy" Ligon · Cosponsor
- Jr. Representative Wallace H. "Jay" Jordan · Cosponsor
- Representative Wm. Weston J. Newton · Cosponsor
- Representative Charles V. Hartz · Cosponsor
- Jr. Representative G. Murrell Smith · Cosponsor
- Representative William G. "Bill" Herbkersman · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 25 co-sponsors · 144 not signed on · 23 voted No
Sponsors (1)
Co-sponsors (25)
- Representative Jerry N. Govan, Jr.
- Representative Daniel Gibson
- Representative John Gregory "Jay" Kilmartin
- Representative David Vaughan
- Representative Fawn M. Pedalino
- Representative Donald Ryan McCabe, Jr.
- Representative Dianne Mitchell
- Representative Thomas Beach
- Representative William M. "Bill" Chumley
- Representative James Mikell "Mike" Burns
- Representative William C. "Chris" Huff
- Representative John T. Lastinger, Jr.
- Representative T. Alan Morgan, Jr.
- Representative Thomas Lee Gilreath
- Representative April Cromer
- Representative David R. Hiott
- Representative Bill Taylor
- Representative Mike M. Neese
- Representative Melissa Lackey Oremus
- Representative Thomas R. "Randy" Ligon
- Representative Wallace H. "Jay" Jordan, Jr.
- Representative Wm. Weston J. Newton
- Representative Charles V. Hartz
- Representative G. Murrell Smith, Jr.
- Representative William G. "Bill" Herbkersman
Not signed on (144)
144 members have not signed on to this bill.
Show all 144 →"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 | 94 | 0 | 0 | 24 |
| Republican | 3 | 0 | 0 | 0 |
| Democrat | 1 | 0 | 0 | 1 |
| Total | 98 | 0 | 0 | 25 |
| % of votes cast | 80% | 0% | 0% | 20% |
How each member voted (123)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 104 | 0 | 0 | 14 |
| Republican | 3 | 0 | 0 | 0 |
| Democrat | 1 | 0 | 0 | 1 |
| Total | 108 | 0 | 0 | 15 |
| % of votes cast | 88% | 0% | 0% | 12% |
How each member voted (123)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 0 | 23 | 0 | 4 |
| Total | 0 | 23 | 0 | 4 |
| % of votes cast | 0% | 85% | 0% | 15% |
How each member voted (27)
| Member | Party | Vote |
|---|---|---|
| Devine, Tameika Isaac | — | Not Voting |
| Senator A. Shane Massey | — | Nay |
| Senator Allen Blackmon | — | Nay |
| Senator Brad Hutto | — | Nay |
| Senator Brian Adams | — | Nay |
| Senator Carlisle Kennedy | — | Not Voting |
| Senator Darrell Jackson | — | Not Voting |
| Senator Deon T. Tedder | — | Nay |
| Senator Ed Sutton | — | Nay |
| Senator Everett Stubbs | — | Nay |
| Senator George E. "Chip" Campsen III | — | Nay |
| Senator Harvey S. Peeler, Jr. | — | Nay |
| Senator JD Chaplin | — | Not Voting |
| Senator Jason Elliott | — | Nay |
| Senator Jeffrey R. Graham | — | Nay |
| Senator Josh Kimbrell | — | Nay |
| Senator Lawrence K. "Larry" Grooms | — | Nay |
| Senator Lee Bright | — | Nay |
| Senator Matthew W. "Matt" Leber | — | Nay |
| Senator Michael Johnson | — | Nay |
| Senator Rex F. Rice | — | Nay |
| Senator Richard J. Cash | — | Nay |
| Senator Russell L. Ott | — | Nay |
| Senator Sean M. Bennett | — | Nay |
| Senator Stephen L. Goldfinch | — | Nay |
| Senator Tom Davis | — | Nay |
| Senator Wes Climer | — | Nay |
Subjects
Frequently asked questions
- What does H 5538 do?
- Guarantee Banking Act
- Who sponsors H 5538?
- H 5538 is sponsored by Representative Jerry N. Govan, Jr., Representative Daniel Gibson, Representative John Gregory "Jay" Kilmartin, Representative David Vaughan, Representative Fawn M. Pedalino, Representative Donald Ryan McCabe, Jr., Representative Dianne Mitchell, Representative Thomas E. "Tommy" Pope, Representative Thomas Beach, Representative William M. "Bill" Chumley, Representative James Mikell "Mike" Burns, Representative William C. "Chris" Huff, Representative John T. Lastinger, Jr., Representative T. Alan Morgan, Jr., Representative Thomas Lee Gilreath, Representative April Cromer, Representative David R. Hiott, Representative Bill Taylor, Representative Mike M. Neese, Representative Melissa Lackey Oremus, Representative Thomas R. "Randy" Ligon, Representative Wallace H. "Jay" Jordan, Jr., Representative Wm. Weston J. Newton, Representative Charles V. Hartz, Representative G. Murrell Smith, Jr., and Representative William G. "Bill" Herbkersman.
- What is the current status of H 5538?
- This bill has been enacted into law. Introduced April 15, 2026. Enacted.
- Where can I track H 5538?
- Track H 5538 free on One Click Politics — get push/email alerts when it moves.
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