Establishes requirements for the creation and operation of limited purpose trust companies
Summary
Establishes requirements for the creation and operation of limited purpose trust companies; establishes how to apply to operate as a limited purpose trust company.
Bill status
died
3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Jan 2026
Senate Passage
Jun 2025
Assembly Passage
Governor
Introduced Jan 24, 2025
Last action Jan 7, 2026
Floor votes · Senate Jun 11, 2025
How they voted
58–1
Passed · 4 other
Total votes 63
Jun 11, 2025
D
Democratic41
92% Yea
R
Republican22
90% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
9
Key actions
1
Committee
4
Jan 7, 2026
Committee
REFERRED TO BANKS
upper
Jun 11, 2025
Committee
REFERRED TO BANKS
lower
Jun 11, 2025
Upper · Passed
PASSED SENATE
upper
Jun 9, 2025
Committee
COMMITTEE DISCHARGED AND COMMITTED TO RULES
upper
Jan 24, 2025
Committee
REFERRED TO BANKS
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jeremy Cooney
DDemocratic/Working Families
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