S 414 — A JOINT RESOLUTION TO APPROVE REGULATIONS OF THE STATE BOARD OF FINANCIAL INSTITUTIONS, RELATING TO DECLARATION OF DIVIDENDS BY STATE-CHARTERED CREDIT UNIONS, DESIGNATED AS
Last action — Recommitted to Committee on Banking and Insurance
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill is in committee in the Senate. Introduced March 04, 2025. It must pass committee before a floor vote.
Next likely step: a committee vote, then a floor vote in the Senate.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
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In Committee
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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.
Summary
, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE SOUTH CAROLINA CODE OF LAWS.
Bill Text
What changed in the latest version
24 added · 15 removedPlain-language change summary
The amendments to Bill S 414 include an update to the language around the approval of regulations concerning how credit unions in South Carolina declare dividends. The revisions clarify existing laws, ensuring that credit unions understand their responsibilities better. This change is important because it helps to create a clearer framework for financial institutions, which can lead to more consistent practices and transparency for members. Additionally, the bill will take effect immediately upon the Governor's approval, allowing for timely implementation.
2025-20262021-2022 Bill 414705: Text of Previous Version (Mar.
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414Document Introducedhas been reformatted to meet World Wide Web specifications.) A JOINT RESOLUTION TO APPROVE REGULATIONS OF THE State Board of Financial Institutions, RELATING TO Declaration of Dividends by SenateState-chartered BankingCredit andUnions, InsuranceDESIGNATED CommitteeAS S.REGULATION DOCUMENT NUMBER 5286, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE SOUTH CAROLINA CODE OF LAWS.
Printed 3/4/25--S.Be it enacted by the General Assembly of the State of South Carolina:
Read theSECTION first1. timeThe Marchregulations 4,of 2025the ________ A JOINT RESOLUTION TO APPROVE REGULATIONS OF THE State Board of Financial Institutions, RELATINGrelating TOto Declaration of Dividends by State-chartered Credit Unions, DESIGNATEDdesignated ASas REGULATIONRegulation DOCUMENTDocument NUMBERNumber 5286, PURSUANTand TOsubmitted THEto PROVISIONSthe OFGeneral ARTICLEAssembly 1,pursuant CHAPTERto 23,the TITLEprovisions 1of OFArticle THE1, SOUTHChapter CAROLINA23, CODETitle OF1 LAWS.of the S.C.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The regulations of the State Board of Financial Institutions, relating to Declaration of Dividends by State-chartered Credit Unions, designated as Regulation Document Number 5286, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the S.C.
SECTION 2. ThisThis joint resolution takes effect upon approval by the Governor.
----XXX---- SUMMARY AS SUBMITTED BY PROMULGATING AGENCY.
The Notice of Drafting was published in the State Register on June 28, 2024.
----XX---- This web page was last updated on March 04, 2025 at 05:5901:20 PM
Action History
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Recommitted to Committee on Banking and Insurance
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Introduced, read first time, placed on calendar without reference
Sponsors
- Senate Banking and Insurance · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 169 not signed on
Sponsors (1)
- Senate Banking and Insurance
Co-sponsors (0)
None.
Not signed on (169)
169 members have not signed on to this bill.
Show all 169 →"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.
Subjects
Frequently asked questions
- What does S 414 do?
- , PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE SOUTH CAROLINA CODE OF LAWS.
- Who sponsors S 414?
- S 414 is sponsored by Senate Banking and Insurance.
- What is the current status of S 414?
- This bill is in committee in the Senate. Introduced March 04, 2025. It must pass committee before a floor vote.
- Where can I track S 414?
- Track S 414 free on One Click Politics — get push/email alerts when it moves.
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