South Carolina 2025-2026 Regular Session Status: In Committee

S 818 — Trust Business

Last action — Referred to Committee on Judiciary

  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 January 15, 2026. It must pass committee before a floor vote.

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

Prognosis

Stalled 14% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How 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

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 62-1-113 SO AS TO PROVIDE A DEFINITION FOR THE TERM "TRUST BUSINESS."

Bill Text

What changed in the latest version

18 added · 8 removed

Plain-language change summary

The recent amendment to Bill S 818 adds a specific definition for "trust business" in South Carolina law. This definition clarifies that "trust business" refers only to services related to the investment and management of common trust funds, excluding other fiduciary activities by individuals or organizations. This change is important because it helps to delineate the responsibilities and legal standards for those engaged in trust business, potentially providing clearer guidelines for regulatory compliance and better oversight.

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2025-2026 Bill 818 Text of Previous Version (Jan.
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15, 2026) - South Carolina Legislature Online South Carolina General Assembly126th Session, 2025-2026Bill 818Indicates Matter StrickenIndicates New Matter(Text matches printed bills.
Document has been reformatted to meet World Wide Web specifications.)                 A bill   TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 62-1-113 SO AS TO PROVIDE A DEFINITION FOR THE TERM "TRUST BUSINESS."   Be it enacted by the General Assembly of the State of South Carolina:
  SECTION 1.  Part 1, Article 1, Title 62 of the S.C.
Code is amended by adding:
      Section 62-1-113.  For purposes of the South Carolina Code of Laws, "trust business" means the provision of services related to the investment in or management of a common trust fund and does not include any other fiduciary activities by an individual or organization, regardless of the corporate form.
  SECTION 2.  This act takes effect upon approval by the Governor.
----XX---- This web page was last updated on January 15, 2026 at 11:22 AM
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Action History

  1. Referred to Committee on Judiciary

  2. Introduced and read first time

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 169 not signed on

Sponsors (1)

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.

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
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Frequently asked questions

What does S 818 do?
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 62-1-113 SO AS TO PROVIDE A DEFINITION FOR THE TERM "TRUST BUSINESS."
Who sponsors S 818?
S 818 is sponsored by Senator Stephen L. Goldfinch.
What is the current status of S 818?
This bill is in committee in the Senate. Introduced January 15, 2026. It must pass committee before a floor vote.
Where can I track S 818?
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