All Roll Calls
Yes: 49 • No: 10
NevadaSB7683rd Regular Session (2025)SenateWALLET
AN ACT relating to securities; creating the Fund for the Compensation of Victims of Securities Fraud and prescribing the use of money in the Fund; authorizing certain persons to whom a court orders restitution to apply for compensation from the Fund; requiring the Administrator of the Securities Division of the Office of the Secretary of State to review applications for and award compensation from the Fund; making confidential certain information; requiring the Division to adopt regulations relating to the administration of the Fund; requiring the Administrator to submit to the Legislature a biennial report concerning the Fund; requiring a person who receives compensation from the Fund to reimburse the State for such compensation under certain circumstances; revising provisions relating to certain exempt securities and exempt transactions; revising provisions governing the deposit of certain money received by the Division or the Administrator; and providing other matters properly relating thereto.
Sponsored By: Senate Committee on Judiciary
Signed by Governor
BDR 7-486
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Compensation and payback rules for fraud victims
Starting January 1, 2026, Nevada offers cash from a new Fund to people with a court‑ordered securities‑fraud restitution award. You must apply within 12 months of the restitution order; the Administrator can extend for good cause. Awards are capped at the smaller of $25,000 or 25% of your unpaid restitution. The Administrator reviews your application, may ask for documents, and you can appeal a denial. Your application details are confidential and not public records unless you or a court allows release. If you later collect restitution, you must tell the Administrator and repay the Fund up to your award, minus attorney fees and costs.
How the victim fund keeps its money
Starting January 1, 2026, interest and earnings on the victim Fund stay in the Fund. The Division can accept gifts and grants for the Fund. Any money left at year end stays in the Fund and carries forward. Most other Division money goes to the State General Fund, but money the law assigns to the victim Fund stays there.
Sponsors & Cosponsors
Sponsor
Senate Committee on Judiciary
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 5/31/2025
Final Passage - Assembly (2nd Reprint)
Yes: 36 • No: 3
Senate vote • 5/26/2025
Final Passage - Senate (1st Reprint)
Yes: 13 • No: 7
Actions Timeline
Approved by the Governor. Chapter 376.
6/6/2025legislatureEnrolled and delivered to Governor.
6/4/2025legislatureTo enrollment.
6/2/2025SenateIn Senate.
6/1/2025SenateRead third time. Passed. Title approved. (Yeas: 36, Nays: 3, Excused: 3.) To Senate.
5/31/2025HouseRead second time.
5/30/2025HousePlaced on Second Reading File.
5/30/2025HouseFrom committee: Do pass.
5/30/2025HouseRead first time. Referred to Committee on Judiciary. To committee.
5/27/2025HouseIn Assembly.
5/27/2025HouseFrom printer. To re-engrossment. Re-engrossed. Second reprint. To Assembly.
5/27/2025SenateRead third time. Passed, as amended. Title approved. (Yeas: 13, Nays: 7, Excused: 1.) To printer.
5/26/2025SenateReprinting dispensed with.
5/26/2025SenateRead third time. Amended. (Amend. No. 801.)
5/26/2025SenatePlaced on General File.
5/26/2025SenateFrom committee: Amend, and do pass as amended.
5/26/2025SenateTo committee.
4/23/2025SenateFrom printer. To engrossment. Engrossed. First reprint.
4/23/2025SenateTaken from General File. Re-referred to Committee on Finance. Exemption effective. To printer.
4/21/2025SenateNotice of eligibility for exemption.
4/21/2025SenateRead second time. Amended. (Amend. No. 337.)
4/21/2025SenatePlaced on Second Reading File.
4/21/2025SenateFrom committee: Amend, and do pass as amended.
4/21/2025SenateRead first time. To committee.
2/3/2025SenateFrom printer.
12/2/2024Senate
Bill Text
As Enrolled
As Introduced
Reprint 1
Reprint 2
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