Delaware legislation · 153rd General Assembly
Delaware SB16: Delaware Banking Modernization Act of 2026
Status: Signed into law, July 6, 2026
AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO DELAWARE BANKS AND TRUST COMPANIES.
What the bill says
An act to amend title 5 of the delaware code relating to delaware banks and trust companies.
From the introduced text, March 23, 2026:
AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO DELAWARE BANKS AND TRUST COMPANIES. Section 1. This Act may be referred to as the "Delaware Banking Modernization Act of 2026." Section 2. Amend § 101, Title 5 of the Delaware Code by making deletions as shown by strike through and insertions as shown by underline as follows and by redesignating accordingly: § 101 Definitions. For the purpose of this Code and any other laws of this State relating to banks or banking, unless otherwise specifically defined, or unless another intention clearly appears, or unless the context requires a different meaning: (9) "Digital Asset" means any digital representation of value which is recorded on a cryptographically-secured distributed ledger or other similar technology, including virtual currency. (23) "Virtual Currency" means a digital representation of value that is used as a medium of exchange, unit of account, or store of value; and is not money, whether or not denominated in money; and does not include any of the following: a. A transaction in which a merchant grants, as part of an affinity or rewards program, value that cannot be taken from or exchanged with the merchant for money, bank credit, or virtual currency . b. A digital representation of value issued by or on behalf of a publisher and used …
Sponsors
- Spiros Mantzavinos (D, 7) · primary sponsor
- Brian Pettyjohn (R, 19)
- William Bush (D, 29)
- Jeffrey Spiegelman (R, 11)
- Cyndie Romer (D, 25)
Latest actions
- : SS 1 for SB 16 - Signed by Governor
- : SS 1 for SB 16 - Passed By House. Votes: 36 YES 5 ABSENT
- : SS 1 for SB 16 - Reported Out of Committee (Appropriations) in House with 6 On Its Merits
- : SS 1 for SB 16 - Assigned to Appropriations Committee in House
- : SS 1 for SB 16 - Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 9 On Its Merits
- : SS 1 for SB 16 - Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
- : SS 1 for SB 16 - Passed By Senate. Votes: 20 YES 1 NOT VOTING
- : SS 1 for SB 16 - - Passed By Senate. Votes: 18 YES 3 ABSENT
- : Substituted in Senate by SS 1 for SB 16
- : SS 1 for SB 16 - Reported Out of Committee (Finance) in Senate with 1 Favorable, 3 On Its Merits
Votes
- Passed (2/3) (June 18, 2026): 36 yea, 0 nay, passed
- Passed (SM) (April 23, 2026): 18 yea, 0 nay, passed
- Passed (2/3) (April 23, 2026): 20 yea, 0 nay, passed
Common questions
- What is SB16?
- SB16 is a bill in the Delaware Legislature (153rd General Assembly): Delaware Banking Modernization Act of 2026.
- What does SB16 do?
- In its own words: An act to amend title 5 of the delaware code relating to delaware banks and trust companies.
- What is the status of SB16?
- Signed into law as of July 6, 2026. Latest action: SS 1 for SB 16 - Signed by Governor (July 6, 2026).
- Who sponsored SB16?
- Spiros Mantzavinos (D, 7), with 4 co-sponsors.
- Where is the official record for SB16?
- On the Delaware Legislature website: https://legis.delaware.gov/BillDetail?LegislationId=142987
Source: official Delaware record. Tracked by Delilah, AI for legislation across all 50 states and Congress.