Establishes requirements for the creation and operation of limited purpose trust companies

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 9 Sponsors

Establishes requirements for the creation and operation of limited purpose trust companies; establishes how to apply to operate as a limited purpose trust company.

Chamber: Senate
Introduced: Jan 24, 2025
Last action: Jan 7, 2026 — REFERRED TO BANKS
Session: 2025-2026
Momentum: 54 · Moderate

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base Passed First Chamber — base rate 16%, measured from NY's completed sessions
Momentum +1 54/100 from the pace of recorded action
Time since last action -22 287 days quiet

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.