---
type: "Bill"
title: "AN ACT TO AMEND TITLE 6, CHAPTER 73 OF THE DELAWARE CODE TO HARMONIZE WITH FEDERAL LAW, MODERNIZE, AND CLARIFY CERTAIN PROVISIONS."
description: "This bill updates and clarifies certain provisions that have been confusing or otherwise problematic in the Investor Protection Unit’s enforcement efforts, or have otherwise become out-of-synch with federal securities law."
jurisdiction: "us/states/de"
legislature: "Delaware General Assembly"
session: "152"
identifier: "SB 131"
citation: "Delaware SB 131 (152)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Darius J. Brown", "Kyle Evans Gay", "William Bush"]
version_count: 1
action_count: 7
vote_count: 2
first_action: "2023-05-16"
last_action: "2023-09-21"
source: "openstates"
source_identifier: "ocd-bill/c8f07923-ae9e-40b5-9ffd-953daa19c9bd"
source_url: "https://legis.delaware.gov/BillDetail?LegislationId=140395"
source_hash: "9024fc82b52c49e8e86b807270b1be68d87bf8ba00216fb419083e014ae0459b"
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 SB 131 (152) — AN ACT TO AMEND TITLE 6, CHAPTER 73 OF THE DELAWARE CODE TO HARMONIZE WITH FEDERAL LAW, MODERNIZE, AND CLARIFY CERTAIN PROVISIONS.

This bill updates and clarifies certain provisions that have been confusing or otherwise problematic in the Investor Protection Unit’s enforcement efforts, or have otherwise become out-of-synch with federal securities law.

## 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=140395&legislationTypeId=1&docTypeId=2&legislationName=SB131)

## Votes

- 3/5 — **41–0** (pass) · lower
- SM — **20–0** (pass) · upper

## Sponsors

- Darius J. Brown — primary (person)
- Kyle Evans Gay — primary (person)
- William Bush — primary (person)

## Timeline

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

- **2023-05-16** Introduced and Assigned to Banking, Business, Insurance & Technology Committee in Senate `introduction, referral-committee`
- **2023-06-07** Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 2 Favorable, 5 On Its Merits `committee-passage, committee-passage-favorable`
- **2023-06-13** Passed By Senate. Votes: 20 YES 1 ABSENT `passage`
- **2023-06-14** Assigned to Economic Development/Banking/Insurance & Commerce Committee in House `introduction, referral-committee`
- **2023-06-20** Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 1 Favorable, 8 On Its Merits `committee-passage, committee-passage-favorable`
- **2023-06-30** Passed By House. Votes: 41 YES `passage`
- **2023-09-21** 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/c8f07923-ae9e-40b5-9ffd-953daa19c9bd`. Confidence: reported (aggregated from official Delaware legislature records).