CS/HB 1549: Financial Services
GENERAL BILL by Insurance & Banking Subcommittee ; Maggard ; (CO-INTRODUCERS) Redondo ; Salzman
Financial Services ; Requires state financial institutions to pay semiannual assessment for specified time periods; requires that semiannual assessment be received by Office of Financial Regulation in specified manner & by specified dates; authorizes office to issue specified certificate under certain circumstances; authorizes certain elected officers, directors, or committee members of credit union to be reimbursed for certain expenses; revises timeframe for certain requirements by directors of proposed bank or trust company; revises timeframe within which bank or trust company corporation is required to open & conduct specified business.
Effective Date: Except as otherwise expressly provided in this act and except for this section, which shall take effect upon this act becoming a law, this act shall take effect July 1, 2025.
Last Action: 5/2/2025 House - Ordered engrossed, then enrolled
Bill Text: PDF
Last Action: 5/2/2025 House - Ordered engrossed, then enrolled
Bill Text: PDF
Senate Committee References:
- Fiscal Policy (FP)
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Bill History
Date Chamber Action 2/28/2025 House • Filed
3/4/2025 House • 1st Reading (Original Filed Version)
3/5/2025 House • Referred to Insurance & Banking Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
3/18/2025 House • Added to Insurance & Banking Subcommittee agenda
3/20/2025 House • Favorable with CS by Insurance & Banking Subcommittee
3/21/2025 House • Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
3/24/2025 House • 1st Reading (Committee Substitute 1)
• Referred to Commerce Committee
• Now in Commerce Committee
3/27/2025 House • Added to Commerce Committee agenda
3/31/2025 House • Favorable by Commerce Committee
4/2/2025 House • Reported out of Commerce Committee
• Bill released to House Calendar
• Added to Second Reading Calendar
4/10/2025 House • Bill added to Special Order Calendar (4/16/2025)
4/16/2025 House • Read 2nd time
• Placed on 3rd reading
• Added to Third Reading Calendar
• Read 3rd time
• CS passed; YEAS 116, NAYS 0
4/16/2025 Senate • In Messages
• Referred to Fiscal Policy
4/22/2025 Senate • Received
4/30/2025 Senate • Withdrawn from Fiscal Policy -SJ 976
• Placed on Calendar, on 2nd reading
• Substituted for CS/CS/SB 1612 -SJ 976
• Read 2nd time -SJ 976
• Amendment(s) adopted (102254)
• Placed on 3rd reading
• Read 3rd time -SJ 1008
• CS passed as amended; YEAS 27 NAYS 10 -SJ 1008
4/30/2025 House • In Messages
5/2/2025 House • Senate Message List
• Amendment 458307 adopted
• Concurred in Senate amendment 102254 as amended
• CS passed as amended; YEAS 114, NAYS 0
5/2/2025 Senate • In returning messages
• Concurred in House amendment(s) to Senate amendment(s) (458307) -SJ 1136
• CS passed as amended; YEAS 36 NAYS 1 -SJ 1136
5/2/2025 House • In Messages
• Ordered engrossed, then enrolled
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CS/HB 1549, Enrolled (Current Bill Version) Posted 5/2/2025 at 5:22 PM
Bill Text: PDF Analyses: None Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1612 (c2) Financial Services Grall Similar Last Action: 4/30/2025 S Laid on Table, refer to CS/HB 1549 -SJ 976 
H 643 (c2) Insurance Insurance & Banking Subcommittee Compare Last Action: 5/3/2025 S Indefinitely postponed and withdrawn from consideration
S 1184 (c1) Residual Market Insurers DiCeglie Compare Last Action: 5/3/2025 S Indefinitely postponed and withdrawn from consideration
Citations - Statutes (15)
Citation Catchline Location in Bill Location In Bill Help 560.103 Definitions. Page 2 (pdf) 626.914 Definitions. Page 3 (pdf) 626.916 Eligibility for export. Page 3 (pdf) 626.918 Eligible surplus lines insurers. Page 6 (pdf) 626.932 Surplus lines tax. Page 7 (pdf) 626.9325 Service fee. Page 8 (pdf) 626.9541 Unfair methods of competition and unfair or deceptive acts or practices defined. Page 8 (pdf) 627.715 Flood insurance. Page 14 (pdf) 655.047 Assessments; financial institutions. Page 15 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 16 (pdf) 657.002 Definitions. Page 17 (pdf) 657.028 Activities of directors, officers, committee members, employees, and agents. Page 17 (pdf) 657.043 Reserves. Page 18 (pdf) 658.235 Subscriptions for stock; approval of major shareholders. Page 18 (pdf) 658.25 Opening for business. Page 19 (pdf) -
CS/HB 1549, Engrossed 1 Posted 5/2/2025 at 5:02 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1612 (c2) Financial Services Grall Compare Last Action: 4/30/2025 S Laid on Table, refer to CS/HB 1549 -SJ 976
Citations - Statutes (15)
Citation Catchline Location in Bill Location In Bill Help 560.103 Definitions. 626.914 Definitions. 626.916 Eligibility for export. 626.918 Eligible surplus lines insurers. 626.932 Surplus lines tax. 626.9325 Service fee. 626.9541 Unfair methods of competition and unfair or deceptive acts or practices defined. 627.715 Flood insurance. 655.047 Assessments; financial institutions. Page 2 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 3 (pdf) 657.002 Definitions. Page 4 (pdf) 657.028 Activities of directors, officers, committee members, employees, and agents. Page 4 (pdf) 657.043 Reserves. Page 5 (pdf) 658.235 Subscriptions for stock; approval of major shareholders. Page 6 (pdf) 658.25 Opening for business. Page 6 (pdf) -
CS/HB 1549, Committee Substitute 1 Posted 3/21/2025 at 4:32 PM
Bill Text: PDF Analyses: House Message Summary (pdf)
Commerce Committee (Post-Meeting) 4/2/2025 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1612 (c2) Financial Services Grall Compare Last Action: 4/30/2025 S Laid on Table, refer to CS/HB 1549 -SJ 976
Floor Amendments (2)
Amendment Sponsor Filed Last Floor Action Format 102254 - Amendment (Delete All)
Delete everything after the enacting clause and insert:Grall 4/29/2025
1:59 PMHouse: Concurred as Amended
5/2/2025Web Page
PDF
458307 - Amendment to Amendment (102254)
Remove lines 376-411 of the amendmentMaggard 5/1/2025
12:55 PMSenate: Concurred
5/2/2025PDF Floor Votes (4)
Date Chamber Result 4/16/2025 1:15 PM House 116 Yeas - 0 Nays 4/30/2025 7:26 PM Senate 27 Yeas - 10 Nays 5/2/2025 11:18 AM House 114 Yeas - 0 Nays 5/2/2025 2:00 PM Senate 36 Yeas - 1 Nays Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 655.047 Assessments; financial institutions. Page 2 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 3 (pdf) 657.002 Definitions. Page 4 (pdf) 657.028 Activities of directors, officers, committee members, employees, and agents. Page 4 (pdf) 657.043 Reserves. Page 5 (pdf) 658.235 Subscriptions for stock; approval of major shareholders. Page 6 (pdf) 658.25 Opening for business. Page 6 (pdf) -
HB 1549, Original Filed Version Posted 2/28/2025 at 4:05 PM
Bill Text: PDF Analyses: Insurance & Banking Subcommittee (Post-Meeting) 5/7/2025 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1612 (c1) Financial Institutions Grall Similar Last Action: 4/30/2025 S Laid on Table, refer to CS/HB 1549 -SJ 976
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 131563 - Amendment
Remove lines 92-120 and insert:Maggard 3/19/2025
5:06 PMAdopted without Objection
3/20/2025PDF Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 655.047 Assessments; financial institutions. Page 2 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 3 (pdf) 657.002 Definitions. Page 4 (pdf) 657.042 Investment powers and limitations. Page 4 (pdf) 657.043 Reserves. Page 5 (pdf) 658.235 Subscriptions for stock; approval of major shareholders. Page 6 (pdf) 658.25 Opening for business. Page 6 (pdf)