---
type: "Bill"
title: "AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO LIMITATIONS ON PLEDGING OR HYPOTHECATING ASSETS OF BANKS AND TRUST COMPANIES."
description: "This Act amends § 918 of Title 5 of the Delaware Code, which sets forth limitations on pledging or hypothecating assets of banks and trust companies, to modernize these limitations to apply to the current practices of banks and trust companies while not affecting the safety and soundness of banks and trust companies."
jurisdiction: "us/states/de"
legislature: "Delaware General Assembly"
session: "149"
identifier: "HB 412"
citation: "Delaware HB 412 (149)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Brian J. Bushweller", "Bryon H. Short"]
version_count: 1
action_count: 7
vote_count: 2
first_action: "2018-05-08"
last_action: "2018-08-29"
source: "openstates"
source_identifier: "ocd-bill/4e072f2e-00c3-42ae-9173-b0aa7b49f26d"
source_url: "https://legis.delaware.gov/BillDetail?LegislationId=26652"
source_hash: "3d02bcc3188720ef88244bc7c40cc32a5f37d6bf150e3ff79cfe27776c8c8e7c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-de"]
---

# Delaware HB 412 (149) — AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO LIMITATIONS ON PLEDGING OR HYPOTHECATING ASSETS OF BANKS AND TRUST COMPANIES.

This Act amends § 918 of Title 5 of the Delaware Code, which sets forth limitations on pledging or hypothecating assets of banks and trust companies, to modernize these limitations to apply to the current practices of banks and trust companies while not affecting the safety and soundness of banks and trust companies.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Bill Text** (committee substitute) — [source](https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=26652&legislationTypeId=1&docTypeId=2&legislationName=HB412)

## Votes

- 2/3 — **41–0** (pass) · lower
- 2/3 — **20–0** (pass) · upper

## Sponsors

- Brian J. Bushweller — primary (person)
- Bryon H. Short — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-05-08** Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House `introduction, referral-committee`
- **2018-05-09** Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 10 On Its Merits `committee-passage`
- **2018-06-07** Passed By House. Votes: 41 YES `passage`
- **2018-06-09** Assigned to Banking, Business & Insurance Committee in Senate `introduction, referral-committee`
- **2018-06-13** Reported Out of Committee (Banking, Business & Insurance) in Senate with 3 On Its Merits `committee-passage`
- **2018-06-19** Passed By Senate. Votes: 20 YES 1 ABSENT `passage`
- **2018-08-29** Signed by Governor `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4e072f2e-00c3-42ae-9173-b0aa7b49f26d`. Confidence: reported (aggregated from official Delaware legislature records).