South CarolinaS 0420126th General Assembly (2025-2026)Senate

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 6-5-10, RELATING TO AUTHORIZED INVESTMENTS BY POLITICAL SUBDIVISIONS SO AS TO ALLOW A QUALIFIED RETIREE POST-EMPLOYMENT BENEFIT TRUST MAINTAINED FOR THE BENEFIT OF POLITICAL SUBDIVISION RETIREES TO INVEST IN CERTAIN CORPORATE DEBT ISSUED BY UNITED STATES CORPORATIONS.

Sponsored By: Tom Young, Jr. (Republican)

Passed

Summary

Investment of Funds by Political Subdivisions

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Tom Young, Jr.

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 44 • No: 0

Senate vote 2/24/2026

(Investment of Funds by Political Subdivisions)2nd Reading

Yes: 44 • No: 0

Actions Timeline

  1. Referred to Committee on Ways and Means

    2/26/2026House
  2. Introduced and read first time

    2/26/2026House
  3. Read third time and sent to House

    2/25/2026Senate
  4. Roll call Ayes-44 Nays-0

    2/24/2026Senate
  5. Read second time

    2/24/2026Senate
  6. Committee Amendment Adopted

    2/24/2026Senate
  7. Committee report: Favorable with amendment Finance

    2/18/2026Senate
  8. Referred to Committee on Finance

    3/5/2025Senate
  9. Introduced and read first time

    3/5/2025Senate

Bill Text

Related Bills

Back to State Legislation