2021-2022 Regular Session • Delaware Legislature
SB259: An Act To Amend Title 6 Of The Delaware Code Relating To The Investor Protection Fund.
Legislative Summary
This bill increases the amount of funds deposited into the Investor Protection Fund from money collected by the Investor Protection Unit from $100,000 to $550,000. In addition, it increases the retention cap of the Investor Protection Fund from $300,000 to $750,000. Lastly, it expands the permissible uses of the Investor Protection Fund to include expenses of the Fraud and Consumer Protection Division of the Department of Justice (DOJ) related to consumer protection and financial fraud.
Bill History
4/11/2022
Introduced and Assigned to Banking, Business & Insurance Committee in Senate
4/12/2022
Re-Assigned to Judiciary Committee in Senate
6/8/2022
Reported Out of Committee (Judiciary) in Senate with 2 Favorable, 3 On Its Merits
6/8/2022
Passed By Senate. Votes: 20 YES 1 ABSENT
6/9/2022
Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
6/14/2022
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 11 On Its Merits
6/29/2022
Passed By House. Votes: 41 YES
8/4/2022
Signed by Governor
Roll Call Votes
House Third Reading
6/29/2022
41
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate Third Reading
6/8/2022
20
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Status Information
Current Status
Passed(8/4/2022)
Chamber
Senate
Sine DiePrior Session
Sponsors
Democrat: 7
Republican: 1
Primary Sponsor
Kyle Gay
Democrat