All Roll Calls
Yes: 253 • No: 1
GeorgiaSB 2842025-2026 Regular SessionSenateWALLET
"Georgia Uniform Securities Act of 2008,"; issuance of orders by the Commissioner of Securities directing persons who have violated certain securities provisions to return; authorize
Sponsored By: Matt Brass (Republican), Clint Dixon (Republican), Sonya Halpern (Democrat), Harold Jones II (Democrat), Steven McNeel (Republican), Kay Kirkpatrick (Republican), Brian Strickland (Republican), Carden Summers (Republican), Larry Walker (Republican)
Signed by Governor
Governmental AffairsInsurance and LaborGeneral Bill
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Payback orders for harmed investors
The Commissioner of Securities can order a violator to return your money. The order covers the principal you paid and all money collected with your purchase. This applies when the person violated or helped violate Georgia securities rules in Code Sections 10-5-50, 10-5-51, or 10-5-54.
School roof grants and faster buying
Low-wealth school systems that meet state rules get capital outlay grants for roof work if the project is in their latest approved facilities plan and they use a supplier approved by a cooperative purchasing group and designated by the Department of Administrative Services. Roof improvements on existing buildings are no longer treated as public works construction. If a roof contract goes to an approved, designated supplier, it counts as meeting the competitive notice and award rules.
Faster, tougher securities enforcement
The law gives the state faster, stronger tools to stop securities violations. The Commissioner can issue cease-and-desist orders and limit or revoke exemptions for broker-dealers and investment advisers. Orders take effect the day they are issued and become final if no hearing is requested within 30 days. After a hearing, civil fines can reach up to $50,000 for one violation or up to $500,000 for multiple violations. Violators can be required to pay investigation costs, and courts can add $5,000 to $50,000 contempt fines per violation for ignoring an order. Courts cannot require the Commissioner to post a bond to enforce an order.
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Sponsors & Cosponsors
Sponsors
Matt Brass
Republican • Senate
Clint Dixon
Republican • Senate
Sonya Halpern
Democrat • Senate
Harold Jones II
Democrat • Senate
Steven McNeel
Republican • Senate
Kay Kirkpatrick
Republican • Senate
Brian Strickland
Republican • Senate
Carden Summers
Republican • Senate
Larry Walker
Republican • Senate
Cosponsors
Scott Hilton
Republican • House
Roll Call Votes
Senate vote • 3/27/2026
AGREE TO HOUSE SUBSTITUTE
Yes: 44 • No: 0
House vote • 3/20/2026
PASSAGE
Yes: 155 • No: 0
Senate vote • 3/6/2025
PASSAGE
Yes: 54 • No: 1
Actions Timeline
Senate Date Signed by Governor
4/22/2026SenateAct 377
4/22/2026Effective Date
4/22/2026Senate Sent to Governor
4/10/2026SenateSenate Agreed House Amend or Sub
3/27/2026SenateHouse Third Readers
3/20/2026HouseHouse Passed/Adopted By Substitute
3/20/2026HouseHouse Committee Favorably Reported By Substitute
3/19/2026HouseHouse Withdrawn, Recommitted
4/4/2025HouseHouse Committee Favorably Reported
3/20/2025HouseHouse Second Readers
3/11/2025HouseHouse First Readers
3/10/2025HouseSenate Tabled
3/6/2025SenateSenate Taken from Table
3/6/2025SenateSenate Third Read
3/6/2025SenateSenate Passed/Adopted
3/6/2025SenateSenate Read Second Time
3/4/2025SenateSenate Committee Favorably Reported
3/3/2025SenateSenate Withdrawn & Recommitted
2/28/2025SenateSenate Read and Referred
2/27/2025SenateSenate Hopper
2/26/2025Senate
Bill Text
SB 284/AP* (v7)
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