South Carolina H 3304: Transparency and Integrity in Education Act

Bill Text

2025-2026 Bill 3304 Text of Previous Version (Dec. 06, 2024) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3304

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING 
SECTION 36-1-201, RELATING TO COMMERCIAL CODE GENERAL DEFINITIONS, SO AS TO ADD 
THE DEFINITION OF "CENTRAL BANK DIGITAL CURRENCY" AND TO AMEND THE DEFINITION 
OF "MONEY" TO EXCLUDE CENTRAL BANK DIGITAL CURRENCY; BY AMENDING SECTION 
26-6-160, RELATING TO CONTROL OF TRANSFERABLE RECORDS PURSUANT TO THE UNIFORM 
ELECTRONIC TRANSACTIONS ACT, SO AS TO MAKE A TECHNICAL CHANGE; BY AMENDING 
SECTION 34-3-210, RELATING TO THE GENERAL POWERS OF A BANKING CORPORATION, SO 
AS TO PROHIBIT A BANKING CORPORATION FROM OFFERING ANY SERVICE OR APPROVING OF 
OR CONDUCTING ANY TRANSACTION THAT INVOLVES CENTRAL BANK DIGITAL CURRENCY; AND 
TO REQUIRE THE STATE BOARD OF FINANCIAL INSTITUTIONS TO PROMULGATE REGULATIONS 
TO PROHIBIT ENTITIES WITHIN ITS JURISDICTION FROM OFFERING OR PROVIDING ANY 
SERVICE OR CONDUCTING ANY TRANSACTION THAT WOULD UTILIZE CENTRAL BANK DIGITAL 
CURRENCY.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. Section 36-1-201(b) of the S.C. Code is amended to 
read:

 (b) Subject to definitions contained in 
other chapters of this title that apply to particular chapters or parts 
thereof:

 (1) 
"Action,", in the sense 
of a judicial proceeding, includes recoupment, counterclaim, set-off, suit in 
equity, and any other proceeding in which rights are determined.

 (2) 
"Aggrieved party" means a party entitled to pursue a remedy.

 (3) 
"Agreement,", as 
distinguished from "contract,", 
means the bargain of the parties in fact, as found in their language or 
inferred from other circumstances, including course of performance, course of 
dealing, or usage of trade as provided in Section 36-1-303.

 (4) 
"Bank" means a person engaged in the business of banking and includes a savings 
bank, savings and loan association, credit union, and trust company.

 (5) 
"Bearer" means a person in control of a negotiable electronic document of title 
or a person in possession of a negotiable instrument, a negotiable tangible 
document of title, or certificated security that is payable to bearer or 
indorsed in blank.

 (6) 
"Bill of lading" means a document of title evidencing the receipt of goods for 
shipment issued by a person engaged in the business of directly or indirectly 
transporting or forwarding goods. The term does not include a warehouse 
receipt.

 (7) 
"Branch" includes a separately incorporated foreign branch of a bank.

 (8) 
"Burden of establishing" a fact means the burden of persuading the trier of 
fact that the existence of the fact is more probable than its nonexistence.

 (9) 
"Buyer in ordinary course of business" means a person that buys goods in good 
faith, without knowledge that the sale violates the rights of another person in 
the goods, and in ordinary course from a person, other than a pawnbroker, in 
the business of selling goods of that kind. A person buys goods in the ordinary 
course if the sale to the person comports with the usual or customary practices 
in the kind of business in which the seller is engaged or with the seller's own 
usual or customary practices. A person that sells oil, gas, or other minerals 
at the wellhead or minehead is a person in the business of selling goods of 
that kind. A buyer in the ordinary course of business may buy for cash, by 
exchange of other property, or on secured or unsecured credit, and may acquire 
goods or documents of title under a preexisting contract for sale. Only a buyer 
that takes possession of the goods or has a right to recover the goods from the 
seller under Chapter 2 may be a buyer in the ordinary course of business. "Buyer 
in ordinary course of business" does not include a person that acquires goods 
in a transfer in bulk or as security for or in total or partial satisfaction of 
a money debt.

 (10) "Central bank digital currency" 
means a digital currency, a digital medium of exchange, or a digital monetary 
unit of account issued by the United States Federal Reserve System, a federal 
agency, a foreign government, a foreign central bank, or a foreign reserve 
system, that is made directly available to a consumer by such entities. The 
term includes a digital currency, a digital medium of exchange, or a digital 
monetary unit of account issued by the United States Federal Reserve System, a 
federal agency, a foreign government, a foreign central bank, or a foreign 
reserve system, that is processed or validated directly by such entities.

 (10)(11) "Conspicuous,", with reference to a term, means so written, displayed, 
or presented that a reasonable person against which it is to operate ought to 
have noticed it. Whether a t