Subcommittee carries SB 818 over after heated testimony over who should regulate fiduciary services Lawmakers carried over Senate Bill 818 after extended testimony from the Board of Financial Institutions, lawyers, bar sections and service providers about whether narrowing the statutory definition of "trust business" would deregulate corporate fiduciaries or preserve critical guardianship services.

Heated debates surrounding Senate Bill 818 could drastically reshape the regulation of fiduciary services in South Carolina, raising alarms about potential risks for vulnerable populations.

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