News Alert

THE HOUSE & SENATE ARE NOW IN BUDGET CONFERENCE. VISIT MYFLORIDAHOUSE.GOV/BUDGET FOR MORE INFORMATION.

CS/HB 1351 -  Money Services Businesses

by Insurance & Banking Subcommittee and Aloupis (CO-SPONSORS) Toledo; Willhite
Revises exceptions for licensee during Financial Technology Sandbox period; revises duties of money services businesses; revises violations of money services business activities; revises certain prohibited activities without license; revises requirements for money transmitter or payment instrument seller to conduct business; revises requirements for written contract between money transmitter or payment instrument seller & authorized vendor; provides requirements for money transmitter that receives virtual currency; excludes virtual currency in calculation of permissible investments; revises recordkeeping requirements for money transmitter or payment instrument seller; revises financial liability requirements for money transmitter or payment instrument seller.
Effective Date: January 1, 2022
Last Event: Now in Commerce Committee on Thursday, April 1, 2021 5:12 PM

Referred Committees and Committee Actions

Related Bills

Bill Text

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Now in Commerce Committee Time: 04/01/2021 - 5:12 PM Member: Committee: Commerce Committee Version: c1
Event: H Reported out of State Administration & Technology Appropriations Subcommittee Time: 04/01/2021 - 5:12 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Favorable by State Administration & Technology Appropriations Subcommittee Time: 04/01/2021 - 3:19 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Added to State Administration & Technology Appropriations Subcommittee agenda Time: 03/30/2021 - 4:17 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Now in State Administration & Technology Appropriations Subcommittee Time: 03/22/2021 - 10:18 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Referred to Commerce Committee Time: 03/22/2021 - 10:18 PM Member: Committee: Commerce Committee Version: c1
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 03/22/2021 - 10:18 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H 1st Reading Time: 03/18/2021 - 9:10 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/18/2021 - 6:26 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 03/18/2021 - 6:26 PM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 03/18/2021 - 6:22 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 03/17/2021 - 2:03 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 03/15/2021 - 4:20 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 03/05/2021 - 12:12 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 03/05/2021 - 12:12 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 03/05/2021 - 12:12 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 03/05/2021 - 12:12 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/02/2021 - 9:21 PM Member: Committee: Version: __
Event: H Filed Time: 02/25/2021 - 4:24 PM Member: Aloupis Committee: Version: __