News Alert

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

CS/HB 1351 -  Money Services Businesses

General Bill by Insurance & Banking Subcommittee and Aloupis (CO-SPONSORS) Toledo; Willhite
Money Services Businesses: 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

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 1758 Subject: Money Services Businesses Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 4/1/2021 5:03:11 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 3/30/2021 6:04:15 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/18/2021 6:24:15 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/15/2021 6:32:27 PM

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: __

Statutes Referenced by this Bill

Statute Other Bill Citations
559.952 CS/CS/HB 895, CS/SB 1478, SB 1758
560.103 SB 1758
560.123
560.125
560.204 SB 1758
560.208
560.2085
560.210 SB 1758
560.211
560.212