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Glossary of Legislative Terms

CS/CS/SB 532: Securities

GENERAL BILL by Fiscal Policy ; Banking and Insurance ; Brodeur

Securities; Revising the list of securities that are exempt from registration requirements under certain provisions; revising provisions relating to a certain registration exemption for certain securities transactions; updating the federal laws or regulations with which the offer or sale of securities must be in compliance; requiring that offers and sales of securities be in accordance with certain federal laws and rules; providing that registration exemptions under certain provisions are not available to issuers for certain transactions under specified circumstances; specifying criteria for determining integration of offerings for the purpose of registration or qualifying for a registration exemption; specifying the purpose of the Securities Guaranty Fund, etc.

Effective Date: 10/1/2024
 Last Action: 4/25/2024 - Signed by Officers and presented to Governor
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Fiscal Policy (FP)

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  • Bill History

    Date Chamber Action
    11/20/2023 Senate • Filed
    12/5/2023 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
    1/9/2024 Senate • Introduced
    1/11/2024 Senate • On Committee agenda-- Banking and Insurance, 01/16/24, 11:00 am, 412 Knott Building
    1/16/2024 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0
    1/18/2024 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Now in Appropriations Committee on Agriculture, Environment, and General Government
    • CS by Banking and Insurance read 1st time
    2/5/2024 Senate • On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 02/08/24, 2:00 pm, 110 Senate Building
    2/8/2024 Senate • Favorable by Appropriations Committee on Agriculture, Environment, and General Government; YEAS 9 NAYS 0
    • Now in Fiscal Policy
    2/12/2024 Senate • On Committee agenda-- Fiscal Policy, 02/15/24, 12:00 pm, 412 Knott Building
    2/15/2024 Senate • CS/CS by- Fiscal Policy; YEAS 17 NAYS 0
    2/16/2024 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • Placed on Calendar, on 2nd reading
    2/20/2024 Senate • CS/CS by Fiscal Policy read 1st time
    2/26/2024 Senate • Placed on Special Order Calendar, 02/28/24
    2/28/2024 Senate • Read 2nd time -SJ 495
    • Read 3rd time -SJ 496
    • CS passed; YEAS 39 NAYS 1 -SJ 496
    2/28/2024 House • In Messages
    • Bill referred to House Calendar
    3/1/2024 House • Bill added to Special Order Calendar (3/4/2024)
    • 1st Reading (Committee Substitute 2)
    3/4/2024 House • Read 2nd time
    • Placed on 3rd reading
    • Added to Third Reading Calendar
    3/5/2024 House • Read 3rd time
    • CS passed; YEAS 113, NAYS 0
    3/5/2024 Senate • Ordered enrolled
    4/25/2024 • Signed by Officers and presented to Governor

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  • CS/CS/SB 532, Enrolled (Current Bill Version) Posted 3/5/2024 at 2:44 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 311 (c2) Securities Insurance & Banking Subcommittee Similar Last Action: 3/4/2024 H Laid on Table Track This Bill

    Citations - Statutes (25)

    Citation Catchline Location in Bill Location In Bill Help
    517.021 Definitions. Page 8 (pdf)
    517.051 Exempt securities. Page 12 (pdf)
    517.061 Exempt transactions. Page 17 (pdf)
    517.0611 Intrastate crowdfunding. Page 31 (pdf)
    517.0612 Page 48 (pdf)
    517.0613 Page 52 (pdf)
    517.0614 Page 52 (pdf)
    517.0615 Page 55 (pdf)
    517.0616 Page 57 (pdf)
    517.072 Viatical settlement investments. Page 90 (pdf)
    517.081 Registration procedure. Page 58 (pdf)
    517.101 Consent to service. Page 64 (pdf)
    517.12 Registration of dealers, associated persons, intermediaries, and investment advisers. Page 92 (pdf)
    517.1201 Notice filing requirements for federal covered advisers. Page 95 (pdf)
    517.1202 Notice-filing requirements for branch offices. Page 95 (pdf)
    517.131 Securities Guaranty Fund. Page 64 (pdf)
    517.141 Payment from the fund. Page 71 (pdf)
    517.191 Injunction to restrain violations; civil penalties; enforcement by Attorney General. Page 76 (pdf)
    517.211 Remedies available in cases of unlawful sale. Page 83 (pdf)
    517.221 Cease and desist orders. Page 86 (pdf)
    517.241 Remedies. Page 86 (pdf)
    517.301 Fraudulent transactions; falsification or concealment of facts. Page 86 (pdf)
    517.302 Criminal penalties; alternative fine; Anti-Fraud Trust Fund; time limitation for criminal prosecution. Page 96 (pdf)
    517.311 False representations; deceptive words; enforcement. Page 90 (pdf)
    517.312 Securities, investments, boiler rooms; prohibited practices; remedies. Page 90 (pdf)

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  • CS/CS/SB 532, Committee Substitute 2 Posted 2/16/2024 at 2:31 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 311 (c2) Securities Insurance & Banking Subcommittee Similar Last Action: 3/4/2024 H Laid on Table Track This Bill

    Floor Votes (2)

    Date Chamber Result
    2/28/2024 11:18 AM Senate 39 Yeas - 1 Nays
    3/5/2024 12:24 PM House 113 Yeas - 0 Nays

    Citations - Statutes (25)

    Citation Catchline Location in Bill Location In Bill Help
    517.021 Definitions. Page 8 (pdf)
    517.051 Exempt securities. Page 12 (pdf)
    517.061 Exempt transactions. Page 17 (pdf)
    517.0611 Intrastate crowdfunding. Page 31 (pdf)
    517.0612 Page 48 (pdf)
    517.0613 Page 52 (pdf)
    517.0614 Page 52 (pdf)
    517.0615 Page 55 (pdf)
    517.0616 Page 57 (pdf)
    517.072 Viatical settlement investments. Page 90 (pdf)
    517.081 Registration procedure. Page 58 (pdf)
    517.101 Consent to service. Page 64 (pdf)
    517.12 Registration of dealers, associated persons, intermediaries, and investment advisers. Page 92 (pdf)
    517.1201 Notice filing requirements for federal covered advisers. Page 95 (pdf)
    517.1202 Notice-filing requirements for branch offices. Page 95 (pdf)
    517.131 Securities Guaranty Fund. Page 64 (pdf)
    517.141 Payment from the fund. Page 71 (pdf)
    517.191 Injunction to restrain violations; civil penalties; enforcement by Attorney General. Page 76 (pdf)
    517.211 Remedies available in cases of unlawful sale. Page 83 (pdf)
    517.221 Cease and desist orders. Page 86 (pdf)
    517.241 Remedies. Page 86 (pdf)
    517.301 Fraudulent transactions; falsification or concealment of facts. Page 86 (pdf)
    517.302 Criminal penalties; alternative fine; Anti-Fraud Trust Fund; time limitation for criminal prosecution. Page 96 (pdf)
    517.311 False representations; deceptive words; enforcement. Page 90 (pdf)
    517.312 Securities, investments, boiler rooms; prohibited practices; remedies. Page 90 (pdf)

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  • CS/SB 532, Committee Substitute 1 Posted 1/18/2024 at 12:24 PM

    Bill Text:   Web Page | PDF
    Analyses:   Appropriations Committee on Agriculture, Environment, and General Government (Pre-Meeting) 2/7/2024 (pdf)
    Appropriations Committee on Agriculture, Environment, and General Government (Post-Meeting) 2/8/2024 (pdf)
    Fiscal Policy (Pre-Meeting) 2/13/2024 (pdf)
    Fiscal Policy (Post-Meeting) 2/16/2024 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 311 (c2) Securities Insurance & Banking Subcommittee Similar Last Action: 3/4/2024 H Laid on Table Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    793480 - Amendment
    Delete lines 349 - 1905 and insert:     		Fiscal Policy
    (Brodeur)     		2/13/2024
    8:38 AM     		Replaced by Committee Substitute
    2/16/2024     		Web Page
    PDF

    Committee Votes (2)

    Date Committee Result
    2/8/2024 2:00 PM Appropriations Committee on Agriculture, Environment, and General Government 9 Yeas - 0 Nays
    2/15/2024 12:00 PM Fiscal Policy 17 Yeas - 0 Nays

    Citations - Statutes (25)

    Citation Catchline Location in Bill Location In Bill Help
    517.021 Definitions. Page 8 (pdf)
    517.051 Exempt securities. Page 12 (pdf)
    517.061 Exempt transactions. Page 17 (pdf)
    517.0611 Intrastate crowdfunding. Page 31 (pdf)
    517.0612 Page 48 (pdf)
    517.0613 Page 52 (pdf)
    517.0614 Page 52 (pdf)
    517.0615 Page 55 (pdf)
    517.0616 Page 57 (pdf)
    517.072 Viatical settlement investments. Page 90 (pdf)
    517.081 Registration procedure. Page 58 (pdf)
    517.101 Consent to service. Page 64 (pdf)
    517.12 Registration of dealers, associated persons, intermediaries, and investment advisers. Page 92 (pdf)
    517.1201 Notice filing requirements for federal covered advisers. Page 95 (pdf)
    517.1202 Notice-filing requirements for branch offices. Page 95 (pdf)
    517.131 Securities Guaranty Fund. Page 64 (pdf)
    517.141 Payment from the fund. Page 71 (pdf)
    517.191 Injunction to restrain violations; civil penalties; enforcement by Attorney General. Page 76 (pdf)
    517.211 Remedies available in cases of unlawful sale. Page 83 (pdf)
    517.221 Cease and desist orders. Page 86 (pdf)
    517.241 Remedies. Page 86 (pdf)
    517.301 Fraudulent transactions; falsification or concealment of facts. Page 86 (pdf)
    517.302 Criminal penalties; alternative fine; Anti-Fraud Trust Fund; time limitation for criminal prosecution. Page 96 (pdf)
    517.311 False representations; deceptive words; enforcement. Page 90 (pdf)
    517.312 Securities, investments, boiler rooms; prohibited practices; remedies. Page 90 (pdf)

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  • SB 532, Original Filed Version Posted 11/20/2023 at 11:55 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/12/2024 (pdf)
    Banking and Insurance (Post-Meeting) 1/18/2024 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 311 Securities Insurance & Banking Subcommittee Similar Last Action: 3/4/2024 H Laid on Table Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    283890 - Amendment
    Delete lines 567 - 2552 and insert:     		Banking and Insurance
    (Brodeur)     		1/12/2024
    10:25 AM     		Replaced by Committee Substitute
    1/18/2024     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/16/2024 11:00 AM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (25)

    Citation Catchline Location in Bill Location In Bill Help
    517.021 Definitions. Page 8 (pdf)
    517.051 Exempt securities. Page 12 (pdf)
    517.061 Exempt transactions. Page 17 (pdf)
    517.0611 Intrastate crowdfunding. Page 31 (pdf)
    517.0612 Page 48 (pdf)
    517.0613 Page 52 (pdf)
    517.0614 Page 52 (pdf)
    517.0615 Page 55 (pdf)
    517.0616 Page 57 (pdf)
    517.072 Viatical settlement investments. Page 90 (pdf)
    517.081 Registration procedure. Page 58 (pdf)
    517.101 Consent to service. Page 64 (pdf)
    517.12 Registration of dealers, associated persons, intermediaries, and investment advisers. Page 92 (pdf)
    517.1201 Notice filing requirements for federal covered advisers. Page 95 (pdf)
    517.1202 Notice-filing requirements for branch offices. Page 95 (pdf)
    517.131 Securities Guaranty Fund. Page 64 (pdf)
    517.141 Payment from the fund. Page 71 (pdf)
    517.191 Injunction to restrain violations; civil penalties; enforcement by Attorney General. Page 76 (pdf)
    517.211 Remedies available in cases of unlawful sale. Page 83 (pdf)
    517.221 Cease and desist orders. Page 86 (pdf)
    517.241 Remedies. Page 86 (pdf)
    517.301 Fraudulent transactions; falsification or concealment of facts. Page 86 (pdf)
    517.302 Criminal penalties; alternative fine; Anti-Fraud Trust Fund; time limitation for criminal prosecution. Page 96 (pdf)
    517.311 False representations; deceptive words; enforcement. Page 90 (pdf)
    517.312 Securities, investments, boiler rooms; prohibited practices; remedies. Page 90 (pdf)

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