South Carolina 2025-2026 Regular Session Status: In Committee

S 94 — SC Education Bank Act

Last action — Scrivener's error corrected

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced December 11, 2024. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 16% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    2 primary, 0 co-sponsors signed on.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "SOUTH CAROLINA EDUCATION BANK ACT"; AND BY ADDING CHAPTER 59 TO TITLE 11 SO AS TO CREATE THE "SOUTH CAROLINA EDUCATION BANK," TO ESTABLISH A GOVERNING BOARD, TO PROVIDE FOR THE POWERS OF THE BANK, TO FUND THE BANK, TO PROVIDE LIABILITY PROTECTIONS, TO PROVIDE FOR DEPOSITS, TO PROVIDE FOR ANNUAL REPORTING REQUIREMENTS, TO PROVIDE FOR LOCAL SCHOOL BOARD FUNDING REQUEST REQUIREMENTS, AND TO DEFINE NECESSARY TERMS.

Bill Text

What changed in the latest version

3 added · 3 removed

Plain-language change summary

The latest version of Bill S 94 has changed by adding the phrase "to establish a governing board" in reference to the creation of the "South Carolina Education Bank." This update clarifies the structure and oversight required for the new education initiative. It's important because having a governing board ensures that there will be proper management and accountability for the funds and resources allocated within the education bank, ultimately benefiting South Carolina's education system.

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2025-2026 Bill 94 Text of Previous Version (Jan.
2025-2026 Bill 94 Text of Previous Version (Dec.
17, 2025) - South Carolina Legislature Online South Carolina General Assembly126th Session, 2025-2026Bill 94Indicates Matter StrickenIndicates New Matter(Text matches printed bills.
11, 2024) - South Carolina Legislature Online South Carolina General Assembly126th Session, 2025-2026Bill 94Indicates Matter StrickenIndicates New Matter(Text matches printed bills.
AND BY ADDING CHAPTER 59 TO TITLE 11 SO AS TO CREATE THE "SOUTH CAROLINA EDUCATION BANK," TO ESTABLISH A GOVERNING BOARD, TO PROVIDE FOR THE POWERS OF THE BANK, TO FUND THE BANK, TO PROVIDE LIABILITY PROTECTIONS, TO PROVIDE FOR DEPOSITS, TO PROVIDE FOR ANNUAL REPORTING REQUIREMENTS, TO PROVIDE FOR LOCAL SCHOOL BOARD FUNDING REQUEST REQUIREMENTS, AND TO DEFINE NECESSARY TERMS.
AND BY ADDING CHAPTER 59 TO TITLE 11 SO AS TO CREATE THE "SOUTH CAROLINA EDUCATION BANK", TO ESTABLISH A GOVERNING BOARD, TO PROVIDE FOR THE POWERS OF THE BANK, TO FUND THE BANK, TO PROVIDE LIABILITY PROTECTIONS, TO PROVIDE FOR DEPOSITS, TO PROVIDE FOR ANNUAL REPORTING REQUIREMENTS, TO PROVIDE FOR LOCAL SCHOOL BOARD FUNDING REQUEST REQUIREMENTS, AND TO DEFINE NECESSARY TERMS.
----XX---- This web page was last updated on January 17, 2025 at 02:39 PM
----XX---- This web page was last updated on December 11, 2024 at 04:53 PM
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Action History

  1. Scrivener's error corrected

  2. Referred to Committee on Finance

  3. Introduced and read first time

  4. Referred to Committee on Finance

  5. Prefiled

Sponsors

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 168 not signed on

Sponsors (2)

Co-sponsors (0)

None.

Not signed on (168)

168 members have not signed on to this bill.

Show all 168 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 94 do?
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "SOUTH CAROLINA EDUCATION BANK ACT"; AND BY ADDING CHAPTER 59 TO TITLE 11 SO AS TO CREATE THE "SOUTH CAROLINA EDUCATION BANK," TO ESTABLISH A GOVERNING BOARD, TO PROVIDE FOR THE POWERS OF THE BANK, TO FUND THE BANK, TO PROVIDE LIABILITY PROTECTIONS, TO PROVIDE FOR DEPOSITS, TO PROVIDE FOR ANNUAL REPORTING REQUIREMENTS, TO PROVIDE FOR LOCAL SCHOOL BOARD FUNDING REQUEST REQUIREMENTS, AND TO DEFINE NECESSARY TERMS.
Who sponsors S 94?
S 94 is sponsored by Senator Ronnie A. Sabb and Senator Jeffrey R. Graham.
What is the current status of S 94?
This bill is in committee in the Senate. Introduced December 11, 2024. It must pass committee before a floor vote.
Where can I track S 94?
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Last checked for changes about 2 months ago · updated continuously

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