Trust Fund Interest for Purposes Approved by Supreme Court
This legislation authorizes financial institutions to hold trust funds that earn interest for specific purposes set by the Supreme Court. It requires that the interest and dividends generated from these funds be used for designated activities.
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HB 893 — Trust Fund Interest for Purposes Approved by Supreme Court
Last action — Vetoed by Governor
No card. One bill, free forever — alerts when it moves.
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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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5To Executive
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6Enacted
This bill has been sent to the executive. Introduced December 23, 2025. It awaits signature.
Signed by Governor Ron DeSantis (Republican) on June 15, 2026.
Next likely step: the executive signs it into law or issues a veto.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
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To Executive
Current position in the legislative process.
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3 sponsors
1 primary, 2 co-sponsors signed on.
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Bipartisan support
Sponsored across 2 parties (2 R · 1 D) — cross-party backing.
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Cleared a recorded vote
Passed 5 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
In plain language
The bill allows certain funds in trust accounts to earn interest for approved purposes.
This legislation authorizes financial institutions to hold trust funds that earn interest for specific purposes set by the Supreme Court. It requires that the interest and dividends generated from these funds be used for designated activities.
Summary
Trust Fund Interest for Purposes Approved by Supreme Court; Authorizes financial institutions to hold funds in specified trust accounts used for specified purposes expressly authorized by Supreme Court rule; requires certain entities to use interest & dividends for specified purposes; requires certain financial institutions to pay specified interest or dividends.
Bill Text
What changed in the latest version
7 added · 5 removed7 line(s) added, 5 removed.
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ENROLLED HB 893 2026 ALegislature bill2 to be entitled An act relating to trust fund interest for purposes approved by the Supreme Court;
hb893-00hb893 -00-er F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ENROLLED HB 893 2026 Legislature the financial institution, interest or dividends at the Wall Street Journal prime rate in effect on the first business day of each month, less 300 basis points, with a floor of 0.25 percent and a ceiling of 1.5 percent.
hb893-00hb893 -00-er
View plain text versions (2)
- H 893 er View text Current pdf
- Introduced H 893 Filed pdf
Action History
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Vetoed by Governor
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Signed by Officers and presented to Governor
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Ordered enrolled
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In Messages
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Immediately certified -SJ 356
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Passed; YEAS 38 NAYS 0 -SJ 347
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Read 3rd time -SJ 347
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Read 2nd time -SJ 347
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Substituted for SB 1000 -SJ 347
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Placed on Calendar, on 2nd reading
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Withdrawn from Rules -SJ 347
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Received
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Referred to Rules
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In Messages
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Passed; YEAS 112, NAYS 0
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Read 3rd time
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Added to Third Reading Calendar
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Read 2nd time
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Bill added to Special Order Calendar (2/11/2026)
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Added to Second Reading Calendar
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Bill released to House Calendar
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Reported out of Commerce Committee
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Favorable by Commerce Committee
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Added to Commerce Committee agenda
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Now in Commerce Committee
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Reported out of Judiciary Committee
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Favorable by Judiciary Committee
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Added to Judiciary Committee agenda
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Now in Judiciary Committee
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Reported out of Insurance & Banking Subcommittee
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Favorable by Insurance & Banking Subcommittee
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Added to Insurance & Banking Subcommittee agenda
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1st Reading (Original Filed Version)
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Now in Insurance & Banking Subcommittee
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Referred to Commerce Committee
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Referred to Judiciary Committee
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Referred to Insurance & Banking Subcommittee
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Filed
Sponsors
- Traci Koster · Primary
- Mitch Rosenwald · Cosponsor
- Susan L. Valdés · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 2 co-sponsors · 161 not signed on
Sponsors (1)
- Koster, Traci Republican
Co-sponsors (2)
- Rosenwald, Mitch Democrat
- Valdés, Susan L. Republican
Not signed on (161)
161 members have not signed on to this bill.
Show all 161 →"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 |
|---|---|---|---|---|
| Democrat | 10 | 0 | 0 | 0 |
| Republican | 27 | 0 | 0 | 1 |
| No Party Affiliation | 1 | 0 | 0 | 0 |
| Total | 38 | 0 | 0 | 1 |
| % of votes cast | 97% | 0% | 0% | 3% |
How each member voted (39)
| Member | Party | Vote |
|---|---|---|
| Arrington, Kristen Aston | Democrat | Yea |
| Berman, Lori | Democrat | Yea |
| Bernard, Mack | Democrat | Yea |
| Bracy Davis, LaVon | Democrat | Yea |
| Davis, Tracie | Democrat | Yea |
| Jones, Shevrin D. "Shev" | Democrat | Yea |
| Osgood, Rosalind | Democrat | Yea |
| Polsky, Tina Scott | Democrat | Yea |
| Rouson, Darryl Ervin | Democrat | Yea |
| Sharief, Barbara | Democrat | Yea |
| Pizzo, Jason W. B. | No Party Affiliation | Yea |
| Albritton, Ben | Republican | Yea |
| Boyd, Jim | Republican | Yea |
| Bradley, Jennifer | Republican | Yea |
| Brodeur, Jason | Republican | Yea |
| Burgess, Danny | Republican | Yea |
| Burton, Colleen | Republican | Yea |
| Calatayud, Alexis | Republican | Yea |
| DiCeglie, Nick | Republican | Yea |
| Gaetz, Don | Republican | Yea |
| Garcia, Ileana | Republican | Yea |
| Grall, Erin | Republican | Yea |
| Gruters, Joe | Republican | Not Voting |
| Harrell, Gayle | Republican | Yea |
| Hooper, Ed | Republican | Yea |
| Leek, Thomas J. "Tom" | Republican | Yea |
| Martin, Jonathan | Republican | Yea |
| Massullo, Ralph E., Jr. | Republican | Yea |
| Mayfield, Debbie | Republican | Yea |
| McClain, Stan | Republican | Yea |
| Passidomo, Kathleen | Republican | Yea |
| Rodriguez, Ana Maria | Republican | Yea |
| Simon, Corey | Republican | Yea |
| Smith, David | Republican | Yea |
| Truenow, Keith L. | Republican | Yea |
| Trumbull, Jay | Republican | Yea |
| Vacant | Republican | Yea |
| Wright, Tom A. | Republican | Yea |
| Yarborough, Clay | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 78 | 0 | 0 | 1 |
| Democrat | 30 | 0 | 0 | 4 |
| Unaffiliated | 4 | 0 | 0 | 0 |
| Total | 112 | 0 | 0 | 5 |
| % of votes cast | 96% | 0% | 0% | 4% |
How each member voted (117)
Roll call published as PDF — view source.
Roll call published as PDF — view source.
Roll call published as PDF — view source.
Subjects
Frequently asked questions
- What does HB 893 do?
- Trust Fund Interest for Purposes Approved by Supreme Court; Authorizes financial institutions to hold funds in specified trust accounts used for specified purposes expressly authorized by Supreme Court rule; requires certain entities to use interest & dividends for specified purposes; requires certain financial institutions to pay specified interest or dividends.
- Who sponsors HB 893?
- HB 893 is sponsored by Koster, Traci (Republican), Rosenwald, Mitch (Democrat), and Valdés, Susan L. (Republican).
- What is the current status of HB 893?
- This bill has been sent to the executive. Introduced December 23, 2025. It awaits signature.
- Where can I track HB 893?
- Track HB 893 free on One Click Politics — get push/email alerts when it moves.
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