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2026 Regular Session

SB920

Economic Development - Small, Minority, and Women-Owned Business Accounts - Management Fees (Small Business Increased Access to Capital Act)

Authorizing the Department of Commerce to authorize an eligible fund manager to receive, use, and retain a certain management fee; and authorizing the Department to set an annual cap on the cumulative amount of certain management fees an eligible fund manager may receive.

Legislative progress

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This summary includes only completed milestones supported by recorded actions. It does not predict the next step, and it preserves later committee reassignments, concurrence, conference, veto, and approval actions when they occur.

Introduced in Senate February 6, 2026 Senate passed March 19, 2026 House passed April 13, 2026 Governor approved May 12, 2026

Recorded floor votes

2 roll calls are available for this bill. This record includes procedural and intermediate action as well as substantive final votes.

March 19, 2026 · Senate

Third Reading Passed

Passed ⭐ Substantive final action

45 yea–0 nay · 2 absent

View roll call

April 13, 2026 · House

Third Reading Passed

Passed ⭐ Substantive final action

123 yea–13 nay · 4 not voting · 1 absent

View roll call

Committee referrals

February 6, 2026 · Senate

Finance

Instrument history

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This is the complete recorded action history in the current source package. Highlighted entries are marked as significant by the source. A roll-call link appears only when a vote-like action has one unambiguous same-day chamber vote.

  1. Senate Approved by the Governor - Chapter 392
  2. Senate Returned Passed
  3. House Third Reading Passed (123-13) View roll call
  4. House Second Reading Passed
  5. House Favorable Adopted
  6. House Favorable Report by Economic Matters
  7. House Referred Economic Matters
  8. Senate Third Reading Passed (45-0) View roll call
  9. Senate Second Reading Passed with Amendments
  10. Senate Favorable with Amendments {373229/1 Adopted
  11. Senate Favorable with Amendments Report by Finance
  12. Senate Hearing 3/05 at 1:00 p.m.
  13. Senate First Reading Finance
Source provenance