Pennsylvania · 2025-2026 Regular Session · Bill
SB 1402: An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for licensing and regulation of shared equity providers and shared equity agreements; imposing duties on the Department of Banking and Securities; and imposing penalties.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 1402 is a bill introduced in the Pennsylvania Senate on June 26, 2026. According to its official title, it concerns: An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for licensing and regulation of shared equity providers and shared equity agreements; imposing duties on the Department of Banking and Securities; and imposing penalties. Primary sponsor: Nick Pisciottano (Democratic). It lists 8 additional sponsors. Most recent recorded action (June 26, 2026): Referred to Banking & Insurance.
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
Sponsors
Sponsors by party (alphabetical): Democratic 9
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Nick Pisciottano | Primary sponsor | Democratic | Senate | 45 |
| Maria Collett | Co-sponsor | Democratic | Senate | 12 |
| Jay Costa | Co-sponsor | Democratic | Senate | 43 |
| Wayne Fontana | Co-sponsor | Democratic | Senate | 42 |
| Art Haywood | Co-sponsor | Democratic | Senate | 4 |
| Tim Kearney | Co-sponsor | Democratic | Senate | 26 |
| James Malone | Co-sponsor | Democratic | Senate | 36 |
| Nikil Saval | Co-sponsor | Democratic | Senate | 1 |
| Judy Schwank | Co-sponsor | Democratic | Senate | 11 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Referred to Banking & Insurance