Florida · 2025 Regular Session · Bill
SB 498: Trust Fund Interest for Purposes Approved by the Supreme Court
Did not advance Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
- Did not advance
Last official action: ·Record last updated:
Plain-language summary
SB 498 is a bill introduced in the Florida Senate on February 5, 2025. According to its official title, it concerns: Trust Fund Interest for Purposes Approved by the Supreme Court. Primary sponsor: Erin Grall (Republican), Judiciary, Banking and Insurance, Rules. Most recent recorded action (June 16, 2025): Died in Messages.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Trust Fund Interest for Purposes Approved by the Supreme Court; Authorizing financial institutions to hold funds in specified trust accounts to be used for specified purposes; requiring such financial institutions to pay a certain minimum interest rate or dividend; requiring that the interest rate be a specified percentage; requiring a financial institution to submit a quarterly rate validation sheet and affidavit to the Chief Financial Officer attesting that it will pay a minimum certain interest rate or dividend; requiring that the affidavit attest that certain information is true and factual, etc.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Erin Grall | Primary sponsor | Republican | Senate | 29 |
| Judiciary | Primary sponsor | Not applicable (committee) | — | — |
| Banking and Insurance | Primary sponsor | Not applicable (committee) | — | — |
| Rules | Primary sponsor | Not applicable (committee) | — | — |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Died in Messages
- Indefinitely postponed and withdrawn from consideration
- In Messages
- CS passed as amended; YEAS 28 NAYS 10
- Read 3rd time
- Amendment(s) adopted (233904)
- Read 2nd time
- Placed on Special Order Calendar, 04/23/25
- Placed on Calendar, on 2nd reading
- CS/CS/CS by Rules read 1st time
- Pending reference review -under Rule 4.7(2) - (Committee Substitute)
- CS/CS/CS by- Rules; YEAS 17 NAYS 7
Showing 12 most recent of 26 actions. Full history