A JOINT RESOLUTION TO APPROVE REGULATIONS OF THE STATE BOARD OF FINANCIAL INSTITUTIONS, RELATING TO INCOME ...
Do you support it?
Want to know if it passes?
We'll email you when S 412 moves — a committee vote, a floor vote, or a signature. Nothing else.
Free forever · unsubscribe in one click.
Your answer was recorded either way.
Which district are you in?
Your ZIP is all we need to match you to your own representatives — so we can tell you how they voted on S 412.
You're tracking S 412
We'll email you the moment it moves.
S 412 — A JOINT RESOLUTION TO APPROVE REGULATIONS OF THE STATE BOARD OF FINANCIAL INSTITUTIONS, RELATING TO INCOME AND EXPENSE STATEMENTS RE DIVIDENDS, DESIGNATED AS
Last action — Recommitted to Committee on Banking and Insurance
No card. One bill, free forever — alerts when it moves.
-
✓Introduced
-
2In Committee
-
3Passed Senate
-
4Passed House
-
5To Executive
-
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.
-
In Committee
Current position in the legislative process.
-
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
25 added · 15 removedPlain-language change summary
The latest version of Bill S 412 includes an important change: it repeals a requirement for banks to submit detailed income and expense reports when they request permission to pay cash dividends to their shareholders. Instead, the State Board of Financial Institutions already receives this information through another standard report, which makes the additional filing unnecessary. This simplification saves administrative time for banks and helps streamline the approval process, benefiting both financial institutions and their shareholders.
2025-20262021-2022 Bill 412705: Text of Previous Version (Mar.
04,Subject 2025)not yet available - South Carolina Legislature Online South2025-2026 CarolinaBill General412 Assembly126thText Session,of 2025-2026(TextPrevious matchesVersion printed(Mar. bills.
Document04, has2025) been- reformattedSouth toCarolina meetLegislature WorldOnline WideSouth WebCarolina specifications.)General IntroducedAssembly126th MarchSession, 4,2025-2026Bill 2025412Indicates S.Matter StrickenIndicates New Matter(Text matches printed bills.
412Document Introducedhas bybeen Senatereformatted Bankingto meet World Wide Web specifications.) A JOINT RESOLUTION TO APPROVE REGULATIONS OF THE State Board of Financial Institutions, RELATING TO Income and InsuranceExpense CommitteeStatements S.Re Dividends, DESIGNATED AS REGULATION DOCUMENT NUMBER 5281, 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 Income and Expense Statements Re Dividends, DESIGNATEDdesignated ASas REGULATIONRegulation DOCUMENTDocument NUMBERNumber 5281, 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 Income and Expense Statements Re Dividends, designated as Regulation Document Number 5281, 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 05:5701:15 PM
Action History
-
Recommitted to Committee on Banking and Insurance
-
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 412 do?
- , PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE SOUTH CAROLINA CODE OF LAWS.
- Who sponsors S 412?
- S 412 is sponsored by Senate Banking and Insurance.
- What is the current status of S 412?
- 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 412?
- Track S 412 free on One Click Politics — get push/email alerts when it moves.
Make your voice heard on S 412
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 S 412
Last checked for changes 3 months ago · updated continuously
One Click Politics tracks every bill in Congress and all 50 states.
Track this bill →