CS/HB 593 - Misdescription of Beneficiaries and Banks

General Bill by Insurance & Banking Subcommittee and Beltran (CO-SPONSORS) Melo

Misdescription of Beneficiaries and Banks: Revises requirements for rights as beneficiary of order & acceptance of order when beneficiary is nonexistent or unidentifiable person or account; removes rules relating to accepted payment orders; revises requirements relating to misdescription of banks for intermediaries & beneficiaries.

Effective Date: July 1, 2024

Last Event: Died on Second Reading Calendar on Friday, March 8, 2024 2:25 PM

Lobbyist Disclosure Information

Referred Committees and Committee Actions

House Referrals

Insurance & Banking Subcommittee
- On agenda for: 01/25/24 8:00 AM
  View Notice Meeting Packets Action Packets
- Favorable With Committee Substitute (final action) View Meeting Appearances See Votes
Commerce Committee
- On agenda for: 02/08/24 8:00 AM
  View Notice Meeting Packets Action Packets
- Favorable (final action) View Meeting Appearances See Votes

Related Bills

Bill #	Subject	Relationship
Bill #: SB 772	Subject: Misdescription of Beneficiaries and Banks	Relationship: Similar

Bill Text

Committee Substitute 1
Original Filed Version
- A 935729 , Beltran (IBS) Date Filed: 01/24/24, Line#: 55 House(c): Adopted Without Objection 01/25/2024 11:40 AM

Staff Analysis

Chamber	Committee
Chamber: House	Committee: Commerce Committee 2/8/2024 5:46:07 PM
Chamber: House	Committee: Commerce Committee 2/6/2024 4:49:45 PM
Chamber: House	Committee: Insurance & Banking Subcommittee 1/25/2024 4:41:05 PM
Chamber: House	Committee: Insurance & Banking Subcommittee 1/23/2024 5:37:58 PM

Vote History

(No Votes Recorded)

Bill History

Event	Time	Member	Committee	Ver.
Event: H Died on Second Reading Calendar	Time: 03/08/2024 - 2:25 PM	Member:	Committee:	Version: c1
Event: H Added to Second Reading Calendar	Time: 02/08/2024 - 5:47 PM	Member:	Committee:	Version: c1
Event: H Bill released to House Calendar	Time: 02/08/2024 - 5:47 PM	Member:	Committee:	Version: c1
Event: H Reported out of Commerce Committee	Time: 02/08/2024 - 5:47 PM	Member:	Committee: Commerce Committee	Version: c1
Event: H Favorable by Commerce Committee	Time: 02/08/2024 - 2:34 PM	Member:	Committee: Commerce Committee	Version: c1
Event: H Added to Commerce Committee agenda	Time: 02/06/2024 - 4:10 PM	Member:	Committee: Commerce Committee	Version: c1
Event: H 1st Reading	Time: 01/26/2024 - 5:00 PM	Member:	Committee:	Version: c1
Event: H Now in Commerce Committee	Time: 01/26/2024 - 2:12 PM	Member:	Committee: Commerce Committee	Version: c1
Event: H Referred to Commerce Committee	Time: 01/26/2024 - 2:12 PM	Member:	Committee: Commerce Committee	Version: c1
Event: H CS Filed	Time: 01/25/2024 - 4:46 PM	Member:	Committee:	Version: c1
Event: H Laid on Table under Rule 7.18(a)	Time: 01/25/2024 - 4:46 PM	Member:	Committee:	Version: __
Event: H Reported out of Insurance & Banking Subcommittee	Time: 01/25/2024 - 4:43 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee	Time: 01/25/2024 - 11:40 AM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Added to Insurance & Banking Subcommittee agenda	Time: 01/23/2024 - 3:58 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H 1st Reading	Time: 01/09/2024 - 11:31 PM	Member:	Committee:	Version: __
Event: H Now in Insurance & Banking Subcommittee	Time: 11/30/2023 - 4:26 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Referred to Commerce Committee	Time: 11/30/2023 - 4:26 PM	Member:	Committee: Commerce Committee	Version: __
Event: H Referred to Insurance & Banking Subcommittee	Time: 11/30/2023 - 4:26 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Filed	Time: 11/20/2023 - 5:04 PM	Member: Beltran	Committee:	Version: __

Statutes Referenced by this Bill

Statute	Other Bill Citations
670.207	SB 772
670.208	SB 772