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SB 211 Delaware Senate · 149th General Assembly (2017-2018)

AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO THE CREATION AND REGULATION OF BUSINESS DEVELOPMENT BANKS.

Summary
This Act authorizes the creation and regulation of a new type of limited-purpose bank, the "Business Development Bank." Modeled on Delaware's successful credit card bank laws, this Act would allow Business Development Banks, or "BDBs," to concentrate their resources in the commercial lending space, leverage technology and expertise, and partner with existing banks to serve a broader spectrum of small to medium-sized businesses. This Act would limit the permissible activities of the BDBs to ensure that they cannot compete with existing banks for consumer customers or to provide several other forms of bank or trust services.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2018
Committee Review
Floor Vote
Governor
Introduced May 10, 2018 Last action Jun 6, 2018
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
1
Committee
1
Amendments
1
Jun 6, 2018
Upper · Passed
Reported Out of Committee (Banking, Business & Insurance) in Senate with 4 On Its Merits
upper
Jun 5, 2018
Introduced
Amendment SA 1 to SB 211 - Introduced and Placed With Bill
upper
May 10, 2018
Introduced
Introduced and Assigned to Banking, Business & Insurance Committee in Senate
upper
2 primary · 7 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Bryan Townsend
Bryan Townsend
DDemocratic
DE
11
P
BH
Bryon H. Short
DDemocratic
DE
7
Co
BJ
Brian J. Bushweller
DDemocratic
DE
17
Co
Photo of Brian Pettyjohn
Brian Pettyjohn
RRepublican
DE
19
Co
CB
Colin Bonini
RRepublican
DE
16
Co
Photo of Dave Sokola
Dave Sokola
DDemocratic
DE
8
Co
MR
Margaret Rose Henry
DDemocratic
DE
2
Co
Photo of Stephanie Hansen
Stephanie Hansen
DDemocratic
DE
10
Co
Photo of Trey Paradee
Trey Paradee
DDemocratic
DE
17