CS/CS/SB 1586: Money Services Businesses
GENERAL BILL by Budget Subcommittee on General Government Appropriations ; Banking and Insurance ; Thrasher
Money Services Businesses; Revising the frequency and notice requirements for examinations and investigations by the Office of Financial Regulation of money services business licensees; prohibiting money services businesses, authorized vendors, and affiliated parties from knowingly possessing certain paraphernalia used or intended or designed for use in misrepresenting a customer’s identity, for which penalties apply; requiring money services business licensees to submit certain transaction information to the Office of Financial Regulation related to the payment instruments cashed; authorizing the Financial Services Commission to prescribe the time, format, and manner for licensees to submit the transaction information, etc.
Effective Date: except as otherwise expressly provided in this act, this act shall take effect July 1, 2012
Last Action: 3/8/2012 Senate - Laid on Table, companion bill(s) passed, see CS/HB 1277 (Ch. 2012-85) -SJ 963
Bill Text: Web Page | PDF
Last Action: 3/8/2012 Senate - Laid on Table, companion bill(s) passed, see CS/HB 1277 (Ch. 2012-85) -SJ 963
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Budget Subcommittee on General Government Appropriations (BGA)
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Bill History
Date Chamber Action 1/6/2012 Senate • Filed
1/17/2012 Senate • Referred to Banking and Insurance; Budget -SJ 219
• Introduced -SJ 219
2/2/2012 Senate • On Committee agenda-- Banking and Insurance, 02/07/12, 1:30 pm, 412 Knott Building
2/7/2012 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 484
2/8/2012 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
2/9/2012 Senate • Now in Budget -SJ 484
• Subreferred to Budget Subcommittee on General Government Appropriations -SJ 485
• Now in Budget Subcommittee on General Government Appropriations
• CS by Banking and Insurance read 1st time -SJ 487
2/23/2012 Senate • On Committee agenda-- Budget Subcommittee on General Government Appropriations, 02/28/12, 10:45 am, 401 Senate Office Building
2/28/2012 Senate • CS/CS by Budget Subcommittee on General Government Appropriations; YEAS 6 NAYS 0 -SJ 743
3/1/2012 Senate • Now in Budget -SJ 743
• CS/CS by Budget Subcommittee on General Government Appropriations read 1st time -SJ 756
3/6/2012 Senate • Withdrawn from Budget -SJ 902
• Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• Placed on Calendar, on 2nd reading -SJ 902
• Placed on Special Order Calendar, 03/08/12
3/8/2012 Senate • Read 2nd time -SJ 962
• Substituted CS/HB 1277 -SJ 963
• Laid on Table, companion bill(s) passed, see CS/HB 1277 (Ch. 2012-85) -SJ 963
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CS/CS/SB 1586, Committee Substitute 2 (Current Bill Version) Posted 3/1/2012 at 11:09 AM
Bill Text: Web Page | PDF Analyses: Budget Subcommittee on General Government Appropriations (Post-Meeting) 3/1/2012 (pdf)
Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1584 Public Records/Money Services Businesses/Office of Financial Regulation Thrasher Linked Last Action: 3/9/2012 S Died in Governmental Oversight and Accountability, companion bill(s) passed, see CS/HB 1277 (Ch. 2012-85)
Location: In committee/council (GO)
H 1277 (er) Money Services Businesses Davis Similar Last Action: 4/8/2012 Chapter No. 2012-85
Location: Became Law
H 1279 Pub. Rec./Money Services Businesses Database of Payment Instrument Transactions Davis Compare Last Action: 3/9/2012 H Died in Insurance and Banking Subcommittee, companion bill(s) passed, see CS/HB 1277 (Ch. 2012-85)
Location: In committee/council (INBS)
Citations - Statutes (8)
Citation Catchline Location in Bill Location In Bill Help 560.103 Definitions. Page 3 (pdf) 560.109 Examinations and investigations. Page 4 (pdf) 560.111 Prohibited acts. Page 6 (pdf) 560.114 Disciplinary actions; penalties. Page 6 (pdf) 560.126 Required notice by licensee. Page 8 (pdf) 560.309 Conduct of business. Page 8 (pdf) 560.310 Records of check cashers and foreign currency exchangers. Page 9 (pdf) 560.311 Page 10 (pdf) -
CS/SB 1586, Committee Substitute 1 Posted 2/8/2012 at 4:24 PM
Bill Text: Web Page | PDF Analyses: Budget Subcommittee on General Government Appropriations (Pre-Meeting) 2/27/2012 (pdf)
Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1584 Public Records/Money Services Businesses/Office of Financial Regulation Thrasher Linked Last Action: 3/9/2012 S Died in Governmental Oversight and Accountability, companion bill(s) passed, see CS/HB 1277 (Ch. 2012-85)
Location: In committee/council (GO)
H 1277 (c1) Money Services Businesses Davis Similar Last Action: 4/8/2012 Chapter No. 2012-85
Location: Became Law
H 1279 Pub. Rec./Money Services Businesses Database of Payment Instrument Transactions Davis Compare Last Action: 3/9/2012 H Died in Insurance and Banking Subcommittee, companion bill(s) passed, see CS/HB 1277 (Ch. 2012-85)
Location: In committee/council (INBS)
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 673830 - Amendment
Delete line 283 and insert:Budget Subcommittee on General Government Appropriations
(Hays)2/27/2012
12:43 PMReplaced by Committee Substitute
3/1/2012Web Page
PDFCommittee Votes (1)
Date Committee Result 2/28/2012 10:45 AM Budget Subcommittee on General Government Appropriations 6 Yeas - 0 Nays Citations - Statutes (8)
Citation Catchline Location in Bill Location In Bill Help 560.103 Definitions. Page 3 (pdf) 560.109 Examinations and investigations. Page 4 (pdf) 560.111 Prohibited acts. Page 6 (pdf) 560.114 Disciplinary actions; penalties. Page 6 (pdf) 560.126 Required notice by licensee. Page 8 (pdf) 560.309 Conduct of business. Page 8 (pdf) 560.310 Records of check cashers and foreign currency exchangers. Page 9 (pdf) 560.311 Page 10 (pdf) -
SB 1586, Original Filed Version Posted 1/6/2012 at 11:10 AM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 2/6/2012 (pdf)
Banking and Insurance (Post-Meeting) 2/8/2012 (pdf)
Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1584 Public Records/Money Services Businesses/Office of Financial Regulation Thrasher Linked Last Action: 3/9/2012 S Died in Governmental Oversight and Accountability, companion bill(s) passed, see CS/HB 1277 (Ch. 2012-85)
Location: In committee/council (GO)
H 1277 (c1) Money Services Businesses Davis Similar Last Action: 4/8/2012 Chapter No. 2012-85
Location: Became Law
H 1279 Pub. Rec./Money Services Businesses Database of Payment Instrument Transactions Davis Compare Last Action: 3/9/2012 H Died in Insurance and Banking Subcommittee, companion bill(s) passed, see CS/HB 1277 (Ch. 2012-85)
Location: In committee/council (INBS)
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 133150 - Amendment (Delete All)
Delete everything after the enacting clause and insert:Banking and Insurance
(Gaetz)2/6/2012
1:38 PMReplaced by Committee Substitute
2/7/2012Web Page
PDFCommittee Votes (1)
Date Committee Result 2/7/2012 1:30 PM Banking and Insurance 10 Yeas - 0 Nays Citations - Statutes (8)
Citation Catchline Location in Bill Location In Bill Help 560.103 Definitions. Page 3 (pdf) 560.109 Examinations and investigations. Page 4 (pdf) 560.111 Prohibited acts. Page 6 (pdf) 560.114 Disciplinary actions; penalties. Page 6 (pdf) 560.126 Required notice by licensee. Page 8 (pdf) 560.309 Conduct of business. Page 8 (pdf) 560.310 Records of check cashers and foreign currency exchangers. Page 9 (pdf) 560.311 Page 10 (pdf)