SB 496 (2026): relative to supervision and registration requirements for associates of broker-dealers.
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- “SB 496 (2026): relative to supervision and registration requirements for associates of broker-dealers.” Granite Record, https://graniterecord.org/bill/2026/sb496. Accessed 19 Oct. 2026.
- APA
- Granite Record. (n.d.). SB 496 (2026): relative to supervision and registration requirements for associates of broker-dealers. Retrieved 19 Oct. 2026, from https://graniterecord.org/bill/2026/sb496
- Chicago
- Granite Record. “SB 496 (2026): relative to supervision and registration requirements for associates of broker-dealers.” Accessed 19 Oct. 2026. https://graniterecord.org/bill/2026/sb496.
- BibTeX
@misc{bill-2026-sb496, title = {SB 496 (2026): relative to supervision and registration requirements for associates of broker-dealers.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2026/sb496}, note = {Accessed 19 Oct. 2026} }
SB 496 (2026)
relative to supervision and registration requirements for associates of broker-dealers.
- Status: Signed into law
- Term: 2025-2026
- House committee: Commerce and Consumer Affairs
- Senate committee: Commerce
- Subject: Banking and Finance
- Chapter law: 189
The Story
It was introduced on January 7, 2026 and referred to the Senate Commerce committee. The committee held a public hearing on January 27, 2026. The committee voted unanimously, 4–0, to recommend that the Senate pass it, and the report was placed on the consent calendar. On February 19, 2026 the Senate voted to pass it on a voice vote and ordered it to a third reading. It crossed to the House on February 19, 2026 and was referred to the House Commerce and Consumer Affairs committee. The committee held a public hearing on April 7, 2026, with 7 people signed in online: 7 in support. The committee held work sessions on April 8, 2026 and April 21, 2026. The committee met in executive session on April 29, 2026 to vote on its recommendation. The committee voted unanimously, 15–0, to recommend that the House pass it, and the report was placed on the consent calendar. On May 14, 2026 the House voted to pass it on a voice vote. The bill was enrolled on June 4, 2026 — the final check of the text before it goes to the governor. The governor signed it on June 19, 2026, making it Chapter 189 of the session laws. It took effect on June 19, 2026.
Sponsors
- Sen. Tim McGough (R - SD11) (prime sponsor)
- Sen. Donovan Fenton (D - SD10)
- Sen. Bill Gannon (R - SD23)
- Sen. Daniel Innis (R - SD7)
- Rep. Julie Miles (R - Hills 12)
- Sen. Howard Pearl (R - SD17)
- Sen. David Watters (D - SD4)
Hearings and Sessions
- January 27, 2026, 10:00 AM: hearing, Senate Commerce, SH 100
- February 19, 2026: consent calendar, Senate
- April 7, 2026, 1:45 PM: public hearing, House Commerce and Consumer Affairs, GP 159
- April 8, 2026, 10:00 AM: subcommittee work session, House Commerce and Consumer Affairs, GP 229
- April 21, 2026, 1:15 PM: subcommittee work session, House Commerce and Consumer Affairs, GP 229
- April 29, 2026, 10:00 AM: executive session, House Commerce and Consumer Affairs, GP 229
- May 14, 2026: floor debate, House
Votes
- February 19, 2026, Senate: Ought to Pass — voice vote, passed
- May 14, 2026, House: Ought to Pass — voice vote, passed
The Docket
- January 7, 2026: Introduced 01/07/2026 and Referred to Commerce
- January 27, 2026: Hearing: 01/27/2026, Room 100, SH, 10:00 am
- February 19, 2026: Committee Report: Ought to Pass, 02/19/2026; Vote 4-0; CC
- February 19, 2026: Ought to Pass: MA, VV; OT3rdg; 02/19/2026
- February 19, 2026: Introduced (in recess of) 02/19/2026 and referred to Commerce and Consumer Affairs
- April 7, 2026: Public Hearing: 04/07/2026 01:45 pm GP 159
- April 8, 2026: Subcommittee Work Session: 04/08/2026 10:00 am GP 229
- April 21, 2026: Subcommittee Work Session: 04/21/2026 01:15 pm GP 229
- April 29, 2026: Executive Session: 04/29/2026 10:00 am GP 229
- April 29, 2026: Committee Report: Ought to Pass 04/29/2026 (Vote 15-0; CC)
- May 14, 2026: Ought to Pass: MA VV 05/14/2026
- June 4, 2026: Enrolled Adopted, VV, (In recess 06/04/2026)
- June 4, 2026: Enrolled (in recess of) 06/04/2026
- June 19, 2026: Signed by the Governor on 06/19/2026; Chapter 189; Effective 06/19/2026