CS/HB 707 (2010) -  International Banking Corporations

General Bill by General Government Policy Council and Grady (CO-SPONSORS) Ambler; Zapata
International Banking Corporations: Expands application of state banking laws to include specified international banking corporations & trust companies; revises requirements for carrying on banking business to apply to specified additional financial institutions; revises requirements for licensing international banking corporations; includes requirements applicable to specified trust representative offices; increases specified net capital account requirements; revises permissible activities requirements for licensed international banking corporations, international bank agencies, & licensed international representative offices applicable to trust companies; specifies permissible activities for international trust company representative offices; revises application of provisions of law to establishing branches of international banking corporations & to organize state-chartered investment companies; provides for termination of international banking corporation's charter or authority; prohibits international banking corporations from continuing to conduct licensed business in this state under specified circumstances; increases license application filing fee; imposes annual assessment upon specified entities; expands criteria under which OFR may take possession of business & property of specified international banking corporations.
Companion Bill passed SB 1264 International Banking Corporations [WPSC] By Richter
Effective Date: July 1, 2010
Last Event: Companion bill(s) passed, see SB 1264 (Ch. 2010-9) on Tuesday, March 23, 2010 9:59 AM; HB Laid on Table

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 1264 Subject: International Banking Corporations [WPSC] Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: General Government Policy Council 3/18/2010 8:51:50 AM
Chamber: House Committee: General Government Policy Council 3/15/2010 6:56:16 PM
Chamber: House Committee: Policy Council 3/10/2010 8:25:38 AM
Chamber: House Committee: Policy Council 3/8/2010 11:23:18 AM
Chamber: House Committee: Insurance, Business & Financial Affairs Policy Committee 3/4/2010 9:16:29 AM
Chamber: House Committee: Insurance, Business & Financial Affairs Policy Committee 3/1/2010 4:54:57 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table; companion bill(s) passed, see SB 1264 (Ch. 2010-9) Time: 03/23/2010 - 9:59 AM Member: Committee: Version: c1
Event: H Substituted SB 1264 Time: 03/23/2010 - 9:59 AM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (3/23/2010) Time: 03/19/2010 - 3:49 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 03/18/2010 - 6:32 PM Member: Committee: Version: c1
Event: H 1st Reading Time: 03/18/2010 - 6:32 PM Member: Committee: Version: c1
Event: H Bill referred to House Calendar Time: 03/18/2010 - 12:53 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/18/2010 - 9:09 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.20 Time: 03/18/2010 - 9:09 AM Member: Committee: Version: __
Event: H Reported out of General Government Policy Council Time: 03/18/2010 - 8:52 AM Member: Committee: General Government Policy Council Version: __
Event: H Favorable with CS by General Government Policy Council Time: 03/17/2010 - 2:00 PM Member: Committee: General Government Policy Council Version: __
Event: H Added to General Government Policy Council agenda Time: 03/15/2010 - 4:21 PM Member: Committee: General Government Policy Council Version: __
Event: H Now in General Government Policy Council Time: 03/10/2010 - 8:28 AM Member: Committee: General Government Policy Council Version: __
Event: H Reported out of Policy Council Time: 03/10/2010 - 8:28 AM Member: Committee: Policy Council Version: __
Event: H Favorable by Policy Council Time: 03/09/2010 - 3:43 PM Member: Committee: Policy Council Version: __
Event: H Added to Policy Council agenda Time: 03/05/2010 - 3:29 PM Member: Committee: Policy Council Version: __
Event: H Now in Policy Council Time: 03/04/2010 - 9:17 AM Member: Committee: Policy Council Version: __
Event: H Reported out of Insurance, Business & Financial Affairs Policy Committee Time: 03/04/2010 - 9:17 AM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Favorable by Insurance, Business & Financial Affairs Policy Committee Time: 03/03/2010 - 4:00 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H 1st Reading Time: 03/02/2010 - 10:50 PM Member: Committee: Version: __
Event: H Added to Insurance, Business & Financial Affairs Policy Committee agenda Time: 03/01/2010 - 4:26 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Now in Insurance, Business & Financial Affairs Policy Committee Time: 01/28/2010 - 2:54 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Referred to General Government Policy Council Time: 01/28/2010 - 2:54 PM Member: Committee: General Government Policy Council Version: __
Event: H Referred to Policy Council Time: 01/28/2010 - 2:54 PM Member: Committee: Policy Council Version: __
Event: H Referred to Insurance, Business & Financial Affairs Policy Committee Time: 01/28/2010 - 2:54 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Filed Time: 01/19/2010 - 7:42 AM Member: Grady Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
655.005 CS/HB 853
663.01
663.02
663.04
663.05
663.055
663.06
663.061
663.062
663.0625
663.064
663.065
663.11
663.12
663.16
663.17
663.171
663.172