IN SB 279
died on adjournmentPrivate credit funds.
Indiana · 2026 Regular Session (2nd Regular Session, 124th General Assembly) · upper
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Quick answers
Did IN SB 279 pass?
No. IN SB 279 died when the 2026 Regular Session (2nd Regular Session, 124th General Assembly) adjourned without final action on it. Bills that die this way are sometimes reintroduced in a later session. Latest recorded action (2026-01-12): First reading: referred to Committee on Insurance and Financial Institutions
What is IN SB 279 about?
Provides that after June 30, 2026, the responsible party or fund manager for a private credit fund (fund) shall deliver to: (1) an Indiana investor that has invested capital in the fund; and (2) the securities commissioner (commissioner); an investor report on at least a quarterly basis. Sets forth certain disclosures that an investor report must include. Provides that any investment information that is delivered or communicated to an Indiana investor after June 30, 2026, may not include language that positively describes the fund's risk profile unless a disclaimer is provided or the fund's assets are rated by an outside credit rating agency. Provides that the responsible party or fund manager for a fund shall, upon the written request of an Indiana investor or the commissioner, make available in writing the fund manager's policies with respect to specified investment and management practices. Requires the commissioner to adopt rules to implement and administer these provisions. Authorizes the commissioner to use any lawful means within the commissioner's authority to enforce these provisions.
Who sponsors IN SB 279?
Eric Bassler, Ed Charbonneau are the primary sponsors of IN SB 279.
Description
Provides that after June 30, 2026, the responsible party or fund manager for a private credit fund (fund) shall deliver to: (1) an Indiana investor that has invested capital in the fund; and (2) the securities commissioner (commissioner); an investor report on at least a quarterly basis. Sets forth certain disclosures that an investor report must include. Provides that any investment information that is delivered or communicated to an Indiana investor after June 30, 2026, may not include language that positively describes the fund's risk profile unless a disclaimer is provided or the fund's assets are rated by an outside credit rating agency. Provides that the responsible party or fund manager for a fund shall, upon the written request of an Indiana investor or the commissioner, make available in writing the fund manager's policies with respect to specified investment and management practices. Requires the commissioner to adopt rules to implement and administer these provisions. Authorizes the commissioner to use any lawful means within the commissioner's authority to enforce these provisions.
- Introduced
- —
- Latest action
- 2026-01-12 — First reading: referred to Committee on Insurance and Financial Institutions
- Bill type
- bill
- Last updated
- —
Subjects
- AGENCIES; Public Retirement System (INPRS)
- FINANCIAL SERVICES; Fiduciaries
- FINANCIAL SERVICES; Financial Accounts (Not Including State Pensions)
- FINANCIAL SERVICES; Investments and Securities
- GENERAL ASSEMBLY; Legislative Council
- TRADE REGULATIONS; Consumer Credit and Consumer Protection (Including the Uniform Consumer Credit Code (UCCC))
Sponsors
- Eric Basslerauthor
- Ed Charbonneauauthor
Committees
Not provided by source.
Action timeline
Newest first
2026-01-12
First reading: referred to Committee on Insurance and Financial Institutions
reading-1,referral-committee
2026-01-12
Authored by Senators Charbonneau, Bassler
Versions
Documents
- application/pdf
- application/pdf(no extracted text yet)
Votes
Not provided by source.
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:22:09.317128Z
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