DE SB 18

enacted

AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO MONEY TRANSMISSION.

Delaware · 2025-2026 Regular Session (153rd General Assembly) · upper

Follow this bill’s action updates (Atom)

Subscribe in a feed reader. The feed covers recorded actions from the last 30 days; Bill Commons may record an action after it happened at the legislature.

Quick answers

Did DE SB 18 pass?

Yes. DE SB 18 has been enacted into law. Latest recorded action (2026-07-06): Signed by Governor

What is DE SB 18 about?

This Act repeals the existing Chapter 23 of Title 5 and replaces it with the “Delaware Money Transmission and Virtual Currency Modernization Act.” This Act modernizes the State’s regulatory framework for money transmission and addresses the emergence of virtual currency. The Act allows the State Bank Commissioner to coordinate with other states in the licensing and supervision of money transmitters, utilizing the NMLS system. The Act establishes new safety and soundness standards, including a tiered net worth requirement based on total assets and updates surety bond requirements scaled to a licensee’s average daily money transmission liability. The Act standardizes receipt requirements for both fiat and virtual currency transactions, provides a 10-day refund window for certain transmissions, and establishes specific disclosure rules for payroll processing services. This Act provides a 6-month window for general compliance and a 1-year period for licensees to meet new net worth and permissible investment standards. This Act creates new regulatory framework for virtual currency business activity. It defines virtual currency and virtual currency business activity. It mandates specific consumer disclosures regarding the risks of virtual currency and establishes that virtual currency held by a licensee is a pro rata property interest not subject to the claims of the licensee’s creditors. The Act allows the Commissioner to adopt rules and regulations for the administration of this chapter. The Act is to be implemented the earlier of 1 year from the date of the Act’s enactment or notice from the State Banking Commissioner that final regulations have been promulgated. This Act requires a greater than majority vote for passage because § 1 of Article IX of the Delaware Constitution requires the affirmative vote of two-thirds of the members elected to each house of the General Assembly to amend the general corporation law.

Who sponsors DE SB 18?

Kerri Evelyn Harris, Bryan Townsend, William Bush and 2 others are the primary sponsors of DE SB 18.

Description

Introduced: 2026-04-16
Latest action: 2026-07-06 — Signed by Governor
Bill type: bill
Last updated: —

Committees

Not provided by source.

Action timeline

Newest first

2026-07-06
Signed by Governor
executive-signature
2026-06-24
Passed By Senate. Votes: 21 YES
passage
2026-06-18
Passed By House. Votes: 38 YES 3 ABSENT
passage
2026-06-18
Amendment HA 2 to SB 18 - Passed In House by Voice Vote
amendment-passage
2026-06-18
Amendment HA 1 to SB 18 - Stricken in House
2026-06-18
Amendment HA 2 to SB 18 - Introduced and Placed With Bill
amendment-introduction
2026-06-04
Amendment HA 1 to SB 18 - Introduced and Placed With Bill
amendment-introduction
2026-05-19
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 9 On Its Merits
committee-passage
2026-05-13
Not Worked in Committee
2026-05-06
Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
introduction,referral-committee
2026-05-05
Passed By Senate. Votes: 20 YES 1 NOT VOTING
passage
2026-05-05
Amendment SA 1 to SB 18 - Passed By Senate. Votes: 21 YES
amendment-passage
2026-05-04
Amendment SA 1 to SB 18 - Introduced and Placed With Bill
amendment-introduction
2026-04-22
Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 2 Favorable, 4 On Its Merits
committee-passage,committee-passage-favorable
2026-04-16
Introduced and Assigned to Banking, Business, Insurance & Technology Committee in Senate
introduction,referral-committee

Versions

HA 2 to SB 18Compare
SA 1 to SB 18Compare
Bill TextCompare

Documents

Votes

2/3
2026-05-05 · pass · 20-0
Member-level votes (21)
- Darius J. Brown: yes
- Eric Buckson: yes
- Daniel Cruce: yes
- Stephanie L. Hansen: yes
- Gerald W. Hocker: yes
- Kyra L. Hoffner: yes
- Russell Huxtable: yes
- Dave G. Lawson: yes
- S. Elizabeth Lockman: other
- Spiros Mantzavinos: yes
- Trey Paradee: yes
- Brian Pettyjohn: yes
- Marie Pinkney: yes
- Nicole Poore: yes
- Bryant L. Richardson: yes
- Ray Seigfried: yes
- David P. Sokola: yes
- Laura V. Sturgeon: yes
- Bryan Townsend: yes
- John "Jack" Walsh: yes
- David L. Wilson: yes
2/3
2026-06-18 · pass · 38-0
Member-level votes (41)
- Alonna Berry: yes
- Stephanie T. Bolden: yes
- Frank Burns: yes
- William Bush: yes
- William J. Carson: yes
- Nnamdi O. Chukwuocha: yes
- Richard G. Collins: yes
- Franklin D. Cooke: other
- Daniel B. Short: yes
- Timothy D. Dukes: yes
- Mara Gorman: yes
- Ronald E. Gray: yes
- Krista Griffith: yes
- Kerri Evelyn Harris: yes
- Debra Heffernan: yes
- Kevin S Hensley: other
- Jeff Hilovsky: yes
- Valerie Jones Giltner: yes
- Kendra Johnson: yes
- Kimberly Williams: yes
- Kamela T Smith: yes
- Larry Lambert: yes
- Sean M. Lynn: yes
- Michael F. Smith: yes
- Melissa Minor-Brown: yes
- Shannon Morris: other
- Eric Morrison: yes
- DeShanna U Neal: yes
- Josue O Ortega: yes
- Edward S. Osienski: yes
- Sophie Phillips: yes
- Charles S Postles Jr.: yes
- Cyndie Romer: yes
- Melanie Ross Levin: yes
- Sherae'a Moore: yes
- Bryan W. Shupe: yes
- Claire Snyder-Hall: yes
- Jeffrey N. Spiegelman: yes
- Jesse R. Vanderwende: yes
- Madinah Wilson-Anton: yes
- Lyndon D. Yearick: yes
3/4
2026-06-24 · pass · 21-0
Member-level votes (21)
- Darius J. Brown: yes
- Eric Buckson: yes
- Daniel Cruce: yes
- Stephanie L. Hansen: yes
- Gerald W. Hocker: yes
- Kyra L. Hoffner: yes
- Russell Huxtable: yes
- Dave G. Lawson: yes
- S. Elizabeth Lockman: yes
- Spiros Mantzavinos: yes
- Trey Paradee: yes
- Brian Pettyjohn: yes
- Marie Pinkney: yes
- Nicole Poore: yes
- Bryant L. Richardson: yes
- Ray Seigfried: yes
- David P. Sokola: yes
- Laura V. Sturgeon: yes
- Bryan Townsend: yes
- John "Jack" Walsh: yes
- David L. Wilson: yes

Related bills

No related bills recorded for this bill.

Official source

https://legis.delaware.gov/BillDetail?LegislationId=143117

Attribution

Data from openstates_api_sync, retrieved 2026-10-21T22:24:32.181666Z

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changes Status and relationship changes

Session-wide evidence can include changes to other bills:

Bulk imports for this session Session dates and activity

Use this data

Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=DE&identifier=SB 18. See the API docs or the MCP server for AI assistants.

Known limitations

Sponsor party and chamber affiliation are not yet captured by this API.
Committee referrals are not yet captured.

See the methodology page for data sources and limitations.