CS/CS/HB 431 (2022) -  Financial Institutions

General Bill by Commerce Committee and Insurance & Banking Subcommittee and Barnaby and Snyder (CO-SPONSORS) Benjamin
Financial Institutions: Provides that failure of foreign nationals to participate through video conference in certain hearings is grounds for denial of certain applications; revises quantity of assets mutual financial institutions may not sell to stock financial institutions, subject to certain conditions; requires OFR, upon receiving applications for authority to organize bank or trust company, to investigate need for target market & ability of primary service area or target market to support proposed & existing banks or trust facilities; authorizes office to waive requirement that certain proposed financial institution presidents or chief executive officers have certain experience within specified timeframe; requires person or group to notify office within specified timeframe upon acquiring controlling interest in state bank or state trust company; revises type of institution with which certain family trust companies are required to maintain deposit account; revises banks with which international bank agencies and international branches are required to maintain certain deposits or investment securities; requires qualified limited service affiliates to suspend certain permissible activities under certain circumstances.
Companion Bill passed CS/SB 1680 Financial Institutions By Rules and Gruters
Effective Date: July 1, 2022
Last Event: Companion bill(s) passed, see CS/SB 1680 (Ch. 2022-178) on Thursday, March 3, 2022 6:04 PM; HB Laid on Table

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 1680 Subject: Financial Institutions Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 6/13/2022 2:19:19 PM
Chamber: House Committee: Final Bill Analysis 3/14/2022 8:35:29 AM
Chamber: House Committee: Commerce Committee 2/17/2022 4:18:41 PM
Chamber: House Committee: Commerce Committee 2/15/2022 4:24:20 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 2/3/2022 4:21:15 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 2/2/2022 2:46:49 PM
Chamber: House Committee: Insurance & Banking Subcommittee 1/21/2022 5:38:31 PM
Chamber: House Committee: Insurance & Banking Subcommittee 1/16/2022 3:39:14 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table; companion bill(s) passed, see CS/SB 1680 (Ch. 2022-178) Time: 03/03/2022 - 6:04 PM Member: Committee: Version: c2
Event: H Substituted CS/SB 1680 Time: 03/03/2022 - 6:04 PM Member: Committee: Version: c2
Event: H Bill added to Special Order Calendar (3/3/2022) Time: 02/28/2022 - 10:01 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 02/18/2022 - 5:05 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 02/18/2022 - 5:05 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 02/17/2022 - 9:56 PM Member: Committee: Version: c2
Event: H CS Filed Time: 02/17/2022 - 4:24 PM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.18(a) Time: 02/17/2022 - 4:24 PM Member: Committee: Version: c1
Event: H Reported out of Commerce Committee Time: 02/17/2022 - 4:19 PM Member: Committee: Commerce Committee Version: c1
Event: H Favorable with CS by Commerce Committee Time: 02/17/2022 - 3:42 PM Member: Committee: Commerce Committee Version: c1
Event: H Added to Commerce Committee agenda Time: 02/15/2022 - 3:52 PM Member: Committee: Commerce Committee Version: c1
Event: H Now in Commerce Committee Time: 02/03/2022 - 4:52 PM Member: Committee: Commerce Committee Version: c1
Event: H Reported out of State Administration & Technology Appropriations Subcommittee Time: 02/03/2022 - 4:52 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Favorable by State Administration & Technology Appropriations Subcommittee Time: 02/03/2022 - 1:22 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Added to State Administration & Technology Appropriations Subcommittee agenda Time: 02/01/2022 - 4:12 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Now in State Administration & Technology Appropriations Subcommittee Time: 01/25/2022 - 9:15 AM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Referred to Commerce Committee Time: 01/25/2022 - 9:15 AM Member: Committee: Commerce Committee Version: c1
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 01/25/2022 - 9:15 AM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H 1st Reading Time: 01/24/2022 - 5:21 PM Member: Committee: Version: c1
Event: H CS Filed Time: 01/21/2022 - 5:47 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 01/21/2022 - 5:47 PM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 01/21/2022 - 5:41 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 01/19/2022 - 6:40 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H PCS added to Insurance & Banking Subcommittee agenda Time: 01/14/2022 - 3:32 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 01/11/2022 - 9:25 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 11/10/2021 - 3:18 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 11/10/2021 - 3:18 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 11/10/2021 - 3:18 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 11/10/2021 - 3:18 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 10/28/2021 - 11:02 AM Member: Barnaby Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
120.80 CS/CS/HB 337*, CS/SB 536*, CS/CS/HB 1041, CS/CS/SB 1382, CS/SB 1680, SB 2510
475.01 CS/SB 1680
518.117 CS/SB 1680
655.045 CS/SB 1680
655.414 CS/SB 1680
655.50 CS/SB 1680
657.021 CS/SB 1680
657.028 CS/SB 1680
658.12 CS/SB 1680
658.165 CS/SB 1680
658.20 CS/SB 1680
658.21 CS/SB 1680
658.28 CS/SB 1680
658.2953 CS/SB 1680
662.1225 CS/SB 1680
662.128 CS/SB 1680
663.07 CS/SB 1680
663.532 CS/SB 1680
736.0802 CS/SB 1680

(*) Not the latest version