CS/HB 273 (2022) -  Money Services Businesses

General Bill by Insurance & Banking Subcommittee and Aloupis (CO-SPONSORS) Benjamin; Buchanan; McFarland
Money Services Businesses: Revises provisions related to violations of money services business activities & penalties for such violations; revises provisions related to 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, 2023
Last Event: Chapter No. 2022-113 on Thursday, May 12, 2022 4:42 PM
Date Available for Final Passage: Tuesday, March 08, 2022 4:23 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 486 Subject: Money Services Businesses Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 5/13/2022 12:50:48 PM
Chamber: House Committee: Final Bill Analysis 3/11/2022 3:03:39 PM
Chamber: House Committee: Commerce Committee 1/19/2022 7:05:32 PM
Chamber: House Committee: Commerce Committee 1/14/2022 7:58:35 PM
Chamber: House Committee: Insurance & Banking Subcommittee 12/2/2021 5:12:49 PM
Chamber: House Committee: Insurance & Banking Subcommittee 11/29/2021 8:56:44 AM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 03/07/2022 11:16 AM   Yeas: 112 Nays: 0 Action: Action 2: Passage Vote Detail: Vote [Seq# 773] Barcode:
Chamber: Senate Date: 03/07/2022 07:52 PM   Yeas: 35 Nays: 1 Action: Action 2: Vote Detail: Vote [Seq# 13] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Chapter No. 2022-113 Time: 05/12/2022 - 4:42 PM Member: Committee: Version: er
Event: Approved by Governor Time: 05/12/2022 - 4:40 PM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor Time: 05/10/2022 - 12:15 PM Member: Committee: Version: er
Event: H Ordered enrolled Time: 03/08/2022 - 8:02 AM Member: Committee: Version: e1
Event: H In Messages Time: 03/08/2022 - 8:02 AM Member: Committee: Version: e1
Event: S CS passed; YEAS 35 NAYS 1 -SJ 719 Time: 03/07/2022 - 7:53 PM Member: Committee: Version: e1
Event: S Read 3rd time -SJ 719 Time: 03/07/2022 - 7:52 PM Member: Committee: Version: e1
Event: S Read 2nd time -SJ 719 Time: 03/07/2022 - 7:52 PM Member: Committee: Version: e1
Event: S Substituted for CS/SB 486 -SJ 719 Time: 03/07/2022 - 7:52 PM Member: Committee: Version: e1
Event: S Received -SJ 720 Time: 03/07/2022 - 7:52 PM Member: Committee: Version: e1
Event: S Placed on Calendar, on 2nd reading Time: 03/07/2022 - 7:52 PM Member: Committee: Version: e1
Event: S Withdrawn from Appropriations -SJ 719 Time: 03/07/2022 - 7:52 PM Member: Committee: Appropriations Version: e1
Event: S Referred to Appropriations -SJ 720 Time: 03/07/2022 - 1:27 PM Member: Committee: Appropriations Version: e1
Event: S In Messages Time: 03/07/2022 - 11:47 AM Member: Committee: Version: e1
Event: H Message sent to senate Time: 03/07/2022 - 11:46 AM Member: Committee: Version: e1
Event: H CS passed as amended; YEAS 112, NAYS 0 Time: 03/07/2022 - 11:16 AM Member: Committee: Version: e1
Event: H Read 3rd time Time: 03/07/2022 - 11:13 AM Member: Committee: Version: e1
Event: H Added to Third Reading Calendar Time: 03/04/2022 - 5:25 PM Member: Committee: Version: c1
Event: H Placed on 3rd reading Time: 03/04/2022 - 4:23 PM Member: Committee: Version: c1
Event: H Amendment 941613 adopted Time: 03/04/2022 - 4:23 PM Member: Committee: Version: c1
Event: H Read 2nd time Time: 03/04/2022 - 4:21 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (3/4/2022) Time: 03/01/2022 - 7:50 PM Member: Committee: Version: c1
Event: H Amendment 941613 filed Time: 01/27/2022 - 10:50 AM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 01/19/2022 - 7:16 PM Member: Committee: Version: c1
Event: H Bill released to House Calendar Time: 01/19/2022 - 7:16 PM Member: Committee: Version: c1
Event: H Reported out of Commerce Committee Time: 01/19/2022 - 7:16 PM Member: Committee: Commerce Committee Version: c1
Event: H Favorable by Commerce Committee Time: 01/19/2022 - 6:01 PM Member: Committee: Commerce Committee Version: c1
Event: H Added to Commerce Committee agenda Time: 01/14/2022 - 3:34 PM Member: Committee: Commerce Committee Version: c1
Event: H 1st Reading Time: 01/11/2022 - 9:25 PM Member: Committee: Version: c1
Event: H 1st Reading Time: 01/11/2022 - 9:25 PM Member: Committee: Version: __
Event: H Now in Commerce Committee Time: 12/03/2021 - 5:21 PM Member: Committee: Commerce Committee Version: c1
Event: H Referred to Commerce Committee Time: 12/03/2021 - 5:21 PM Member: Committee: Commerce Committee Version: c1
Event: H CS Filed Time: 12/02/2021 - 5:14 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 12/02/2021 - 5:14 PM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 12/02/2021 - 5:11 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 12/01/2021 - 12:29 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 11/23/2021 - 2:24 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 10/22/2021 - 3:31 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 10/22/2021 - 3:31 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 10/22/2021 - 3:31 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 10/22/2021 - 3:31 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 10/12/2021 - 4:25 PM Member: Aloupis Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
559.952 CS/HB 123, CS/CS/HB 389, CS/CS/HB 431*, CS/SB 486, SB 546, CS/CS/SB 1536
560.103 CS/CS/HB 389, CS/CS/HB 431*, CS/SB 486, CS/CS/SB 1536
560.123 CS/CS/HB 389, CS/SB 486, CS/CS/SB 1536
560.125 CS/SB 486
560.204 CS/SB 486
560.208 CS/CS/HB 431*, CS/SB 486
560.2085 CS/SB 486
560.210 CS/SB 486
560.211 CS/SB 486
560.212 CS/SB 486

(*) Not the latest version