CS/CS/HB 311: Securities
GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Barnaby ; (CO-INTRODUCERS) López, J.
Securities; Revises list of securities & transactions that are exempt from registration requirements; authorizes issuer to engage in general advertising & solicitation; removes requirements for escrow agreement; revises amount that may be received for sales of certain securities; provides certain sales are voidable within specified timeframe; specifies limitation on amount of cash & other consideration that may be received from sales of securities; prohibits issuer from accepting more than specified amount from single purchaser; prohibits issuer from withdrawing any amount of offering proceeds until target offering amount has been received; provides that certain communications are not deemed to constitute general solicitation or general advertising.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 11/1/2023 | House |
• Filed |
| 11/13/2023 | House |
• Referred to Insurance & Banking Subcommittee • Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 1/9/2024 | House |
• Added to Insurance & Banking Subcommittee agenda • 1st Reading (Original Filed Version) |
| 1/16/2024 | House |
• PCS added to Insurance & Banking Subcommittee agenda |
| 1/18/2024 | House |
• Favorable with CS by Insurance & Banking Subcommittee |
| 1/19/2024 | House |
• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed |
| 1/22/2024 | House |
• Original reference removed: State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in Commerce Committee • 1st Reading (Committee Substitute 1) |
| 1/26/2024 | House |
• Added to Commerce Committee agenda |
| 1/30/2024 | House |
• Favorable with CS by Commerce Committee |
| 1/31/2024 | House |
• Reported out of Commerce Committee |
| 2/1/2024 | House |
• Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 2) |
| 2/2/2024 | House |
• Bill referred to House Calendar • Added to Second Reading Calendar |
| 2/26/2024 | House |
• Bill added to Special Order Calendar (2/29/2024) |
| 2/29/2024 | House |
• Temporarily postponed, on 2nd Reading • Added to Second Reading Calendar |
| 3/4/2024 | House |
• Laid on Table |
