CS/CS/SB 1586 (2012) -  Money Services Businesses

General Bill by Budget Subcommittee on General Government Appropriations and Banking and Insurance and Thrasher
Money Services Businesses: Revising the frequency and notice requirements for examinations and investigations by the Office of Financial Regulation of money services business licensees; prohibiting money services businesses, authorized vendors, and affiliated parties from knowingly possessing certain paraphernalia used or intended or designed for use in misrepresenting a customer’s identity, for which penalties apply; requiring money services business licensees to submit certain transaction information to the Office of Financial Regulation related to the payment instruments cashed; authorizing the Financial Services Commission to prescribe the time, format, and manner for licensees to submit the transaction information, etc.
Effective Date: except as otherwise expressly provided in this act, this act shall take effect July 1, 2012
Last Event: 03/08/12 S Laid on Table, companion bill(s) passed, see CS/HB 1277 (Ch. 2012-85) -SJ 963 on Thursday, March 8, 2012 9:47 AM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 02/07/12 1:30 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 10   Nays 0
  • Budget Subcommittee on General Government Appropriations
    • On agenda for: 02/28/12 10:45 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 6   Nays 0

Related Bills

Bill # Subject Relationship
Bill #: SB 1584 Subject: Public Records/Money Services Businesses/Office of Financial Regulation Relationship: Linked
Bill #: CS/HB 1277 Subject: Money Services Businesses Relationship: Similar
Bill #: HB 1279 Subject: Pub. Rec./Money Services Businesses Database of Payment Instrument Transactions Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Budget Subcommittee on General Government Appropriations 3/1/2012 11:17:24 AM
Chamber: Senate Committee: Budget Subcommittee on General Government Appropriations 2/27/2012 12:52:11 PM
Chamber: Senate Committee: Banking and Insurance 2/8/2012 4:21:56 PM
Chamber: Senate Committee: Banking and Insurance 2/6/2012 11:20:43 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Laid on Table, companion bill(s) passed, see CS/HB 1277 (Ch. 2012-85) -SJ 963 Time: 03/08/2012 - 9:47 AM Member: Committee: Version: c2
Event: S Substituted CS/HB 1277 -SJ 963 Time: 03/08/2012 - 9:47 AM Member: Committee: Version: c2
Event: S Read 2nd time -SJ 962 Time: 03/08/2012 - 9:46 AM Member: Committee: Version: c2
Event: S Placed on Special Order Calendar, 03/08/12 Time: 03/06/2012 - 7:24 PM Member: Committee: Version: c2
Event: S Placed on Calendar, on 2nd reading -SJ 902 Time: 03/06/2012 - 7:16 PM Member: Committee: Version: c2
Event: S Pending reference review -under Rule 4.7(2) - (Committee Substitute) Time: 03/06/2012 - 6:47 PM Member: Committee: Version: c2
Event: S Withdrawn from Budget -SJ 902 Time: 03/06/2012 - 6:33 PM Member: Committee: Version: c2
Event: S CS/CS by Budget Subcommittee on General Government Appropriations read 1st time -SJ 756 Time: 03/01/2012 - 7:12 PM Member: Committee: Version: c2
Event: S Now in Budget -SJ 743 Time: 03/01/2012 - 11:31 AM Member: Committee: Version: c2
Event: S CS/CS by Budget Subcommittee on General Government Appropriations; YEAS 6 NAYS 0 -SJ 743 Time: 02/28/2012 - 3:00 PM Member: Committee: Version: c1
Event: S On Committee agenda-- Budget Subcommittee on General Government Appropriations, 02/28/12, 10:45 am, 401 Senate Office Building Time: 02/23/2012 - 9:16 PM Member: Committee: Version: c1
Event: S CS by Banking and Insurance read 1st time -SJ 487 Time: 02/09/2012 - 8:32 PM Member: Committee: Version: c1
Event: S Now in Budget Subcommittee on General Government Appropriations Time: 02/09/2012 - 5:29 PM Member: Committee: Version: c1
Event: S Subreferred to Budget Subcommittee on General Government Appropriations -SJ 485 Time: 02/09/2012 - 5:26 PM Member: Committee: Version: c1
Event: S Now in Budget -SJ 484 Time: 02/09/2012 - 1:34 PM Member: Committee: Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 02/08/2012 - 4:23 PM Member: Committee: Version: c1
Event: S CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 484 Time: 02/07/2012 - 3:15 PM Member: Committee: Version: __
Event: S On Committee agenda-- Banking and Insurance, 02/07/12, 1:30 pm, 412 Knott Building Time: 02/02/2012 - 6:58 PM Member: Committee: Version: __
Event: S Introduced -SJ 219 Time: 01/17/2012 - 7:00 PM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Budget -SJ 219 Time: 01/17/2012 - 3:43 PM Member: Committee: Version: __
Event: S Filed Time: 01/06/2012 - 11:11 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
560.103 CS/HB 1277*
560.109 CS/HB 1277*
560.111 CS/HB 1277*
560.114 CS/HB 1277*
560.126 CS/HB 1277*
560.309 CS/HB 1277*, SB 1894
560.310 CS/HB 1277*
560.311 CS/HB 1277*

(*) Not the latest version