Senate Bill 2158 (2008) - The Florida Senate

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CS/CS/CS/SB 2158: Money Services Businesses [EPCC]

GENERAL BILL by General Government Appropriations ; Finance and Tax ; Banking and Insurance ; Banking and Insurance

Money Services Businesses [EPCC]; Changes the name of money transmitters to money services businesses. Requires licensure rather than registration. Revises provisions relating to the powers of the Office of Financial Regulation and the Financial Services Commission. Revises provisions relating to examinations and investigations conducted by the office. Revises the list of prohibited acts by a money services business, etc.

Effective Date: 01/01/2009
Last Action: 6/17/2008 - Approved by Governor; Chapter No. 2008-177
Bill Text: Web Page | PDF

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Bill History

Date	Chamber	Action
2/20/2008	Senate	• SPB 7060 submitted as a committee bill (SB 2158) by Banking and Insurance; Filed
3/6/2008	Senate	• Introduced, referred to Banking and Insurance; Criminal Justice; Finance and Tax; General Government Appropriations -SJ 00163; On Committee agenda-- Banking and Insurance, 03/11/08, 9:00 am, 412-K
3/11/2008	Senate	• CS by Banking and Insurance; YEAS 8 NAYS 0 -SJ 00248; CS read 1st time on 03/12/08 -SJ 00253
3/12/2008	Senate	• Pending reference review under Rule 4.7(2); Now in Criminal Justice -SJ 00248
3/13/2008	Senate	• On Committee agenda-- Criminal Justice, 03/18/08, 2:15 pm, 401-S
3/18/2008	Senate	• Favorable by Criminal Justice; YEAS 8 NAYS 0 -SJ 00287
3/19/2008	Senate	• Now in Finance and Tax -SJ 00287
3/21/2008	Senate	• On Committee agenda-- Finance and Tax, 03/26/08, 3:30 pm, 301-S
3/26/2008	Senate	• CS/CS by Finance and Tax; YEAS 5 NAYS 0 -SJ 00391; CS read 1st time on 04/02/08 -SJ 00405
3/28/2008	Senate	• Pending reference review under Rule 4.7(2); Now in General Government Appropriations -SJ 00391
4/3/2008	Senate	• On Committee agenda-- General Government Appropriations, 04/08/08, 1:00 pm, 401-S
4/8/2008	Senate	• CS/CS/CS by- General Government Appropriations; YEAS 6 NAYS 0 -SJ 00521; CS read 1st time on 04/10/08 -SJ 00525
4/10/2008	Senate	• Pending reference review -under Rule 4.7(2); Placed on Calendar, on 2nd reading -SJ 00521
4/16/2008	Senate	• Placed on Special Order Calendar; Read 2nd time -SJ 00596; Amendment(s) adopted (618896, 497016) -SJ 00597; Ordered engrossed -SJ 00597
4/17/2008	Senate	• Read 3rd time -SJ 00648; CS passed as amended; YEAS 38 NAYS 0 -SJ 00649
4/23/2008	House	• In Messages; Received, referred to Calendar -HJ 00780
4/24/2008	House	• Substituted for CS/CS/HB 955 -HJ 00804; Read 2nd time -HJ 00804; Amendment(s) adopted -HJ 00805
4/30/2008	House	• Read 3rd time -HJ 01202; Amendment(s) reconsidered, withdrawn -HJ 01202; Amendment(s) adopted -HJ 01202; CS passed as amended; YEAS 114 NAYS 0 -HJ 01203; Reconsidered -HJ 01229; Amendment(s) reconsidered, withdrawn -HJ 01229; Amendment(s) adopted -HJ 01229; CS passed as amended; YEAS 119 NAYS 0 -HJ 01229
4/30/2008	Senate	• In returning messages
5/1/2008	Senate	• Concurred (711755) -SJ 01175, -SJ 01176; CS passed as amended (711755); YEAS 39 NAYS 0 -SJ 01176; Ordered engrossed, then enrolled -SJ 01176
6/13/2008		• Signed by Officers and presented to Governor
6/17/2008		• Approved by Governor; Chapter No. 2008-177

Bill Number	Subject	Filed By	Relationship	Last Action and Location
H 955 (c2)	Money Services Businesses	Richter	Similar	Last Action: 4/24/2008 H Placed on Special Order Calendar; Substituted CS/CS/CS/SB 2158; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/CS/CS/SB 2158 (Ch. 2008-177) -HJ 00804
S 568	Money Transmitters' Code [EPCC]	Constantine	Compare	Last Action: 5/2/2008 S Died in Committee on Banking and Insurance, Link/Iden/Sim/Compare passed, refer to CS/CS/CS/SB 2158 (Ch. 2008-177)

Bill Text

Version	Posted	Format
S 2158 Filed	2/20/2008 4:16 PM	Web Page \| PDF
S 2158 c1	3/12/2008 11:37 AM	Web Page \| PDF
S 2158 c2	3/28/2008 10:42 AM	Web Page \| PDF
S 2158 c3	4/10/2008 8:35 AM	Web Page \| PDF
S 2158 e1	4/16/2008 5:25 PM	Web Page \| PDF
S 2158 e2	5/5/2008 1:48 PM	Web Page \| PDF
S 2158 er	5/5/2008 7:21 PM	Web Page \| PDF

S 2158 Filed
PCS and Amendments	Sponsor	Filed	Last Committee Action	Format
187014 - Proposed Committee Substitute	Banking and Insurance	3/9/2008 4:53 PM	Replaced by Committee Substitute 3/25/2008	Web Page PDF
732846 - Amendment (187014)	Banking and Insurance (Storms)	3/10/2008 5:36 PM	Replaced by Committee Substitute 3/25/2008	Web Page PDF

Amendments to Proposed Committee Substitutes (PCSs) are located on the PCS tab.

Committee Amendments

S 2158 c1
Amendment	Sponsor	Filed	Last Committee Action	Format
163332 - Amendment	Finance and Tax (Storms)	3/25/2008 2:31 PM	Replaced by Committee Substitute 3/26/2008	Web Page PDF

S 2158 c2
Amendment	Sponsor	Filed	Last Committee Action	Format
094004 - Amendment	General Government Appropriations (Aronberg)	4/7/2008 1:18 PM	Replaced by Committee Substitute 4/8/2008	Web Page PDF
271438 - Amendment	General Government Appropriations (Aronberg)	4/7/2008 1:18 PM	Replaced by Committee Substitute 4/8/2008	Web Page PDF
219238 - Amendment	General Government Appropriations (Aronberg)	4/7/2008 1:18 PM	Replaced by Committee Substitute 4/8/2008	Web Page PDF
909928 - Amendment	General Government Appropriations (Aronberg)	4/7/2008 1:18 PM	Replaced by Committee Substitute 4/8/2008	Web Page PDF
252032 - Amendment	General Government Appropriations (Aronberg)	4/7/2008 1:18 PM	Replaced by Committee Substitute 4/8/2008	Web Page PDF
385900 - Amendment	General Government Appropriations (Aronberg)	4/7/2008 1:18 PM	Withdrawn 4/8/2008	Web Page PDF
087520 - Amendment	General Government Appropriations (Aronberg)	4/7/2008 1:19 PM	Replaced by Committee Substitute 4/8/2008	Web Page PDF

Floor Amendments

S 2158 c3
Amendments	Sponsor	Filed	Last Floor Action	Format
497016 - Amendment	Storms	4/15/2008 1:53 PM	Senate: Adopted 4/16/2008	Web Page PDF
618896 - Amendment	Storms	4/15/2008 1:53 PM	Senate: Adopted 4/16/2008	Web Page PDF

S 2158 e1
Amendments	Sponsor	Filed	Last Floor Action	Format
611539 - Amendment	Richter	4/23/2008 10:01 AM		Web Page PDF
664427 - Amendment	Richter	4/30/2008 9:46 AM		Web Page PDF
711755 - Amendment	Richter	4/30/2008 11:29 AM	Senate: Concurred 5/1/2008	Web Page PDF
810622 - S Amend. to H Amend. (711755)	Storms	4/30/2008 4:01 PM	Senate: Withdrawn 5/1/2008	Web Page PDF

Bill Analyses

Type	Analysis	Author	Posted	Format
Bill Analysis	S 2158	Banking and Insurance (Post-Meeting)	3/11/2008 12:00 AM	PDF
Bill Analysis	S 2158	Criminal Justice (Post-Meeting)	3/13/2008 12:00 AM	PDF
Bill Analysis	S 2158	Finance and Tax (Post-Meeting)	3/26/2008 12:00 AM	PDF
Bill Analysis	S 2158	General Government Appropriations (Post-Meeting)	4/8/2008 12:00 AM	PDF
House Message Summary	S 2158	Senate	4/30/2008 12:00 AM	PDF

Vote History - Committee

Version	Committee	Date	Result
S 2158 Filed	Banking and Insurance	3/11/2008 9:00 AM	8 Yeas - 0 Nays
S 2158 c1	Criminal Justice	3/18/2008 2:15 PM	8 Yeas - 0 Nays
S 2158 c1	Finance and Tax	3/26/2008 3:30 PM	5 Yeas - 0 Nays
S 2158 c2	General Government Appropriations	4/8/2008 1:00 PM	6 Yeas - 0 Nays

Vote History - Floor

Vote	Date	Chamber	Result
S 2158 e1	4/17/2008 9:40 AM	Senate	38 Yeas - 0 Nays
S 2158 e1	4/30/2008 9:51 AM	House	114 Yeas - 0 Nays
S 2158 e1	4/30/2008 11:47 AM	House	119 Yeas - 0 Nays
S 2158 e1	5/1/2008 4:01 PM	Senate	39 Yeas - 0 Nays

Citations - Statutes (70)

Citation	Catchline	Location in Bill Location In Bill Help
499.005	Prohibited acts.
499.0691	Criminal punishment for violations related to drugs; dissemination of false advertisement.
501.95	Gift certificates and credit memos.
538.03	Definitions; applicability.
560.101	Short title.
560.102	Purpose; application.
560.103	Definitions.
560.104	Exemptions.
560.105	Supervisory powers; rulemaking.
560.106	Construction; standards.
560.1073	False or misleading statements or supporting documents; penalty.
560.108	Administrative enforcement guidelines.
560.109	Investigations, subpoenas, hearings, and witnesses.
560.110
560.111	Prohibited acts and practices.
560.112	Procedures for disciplinary actions.
560.113	Injunctions.
560.114	Disciplinary actions.
560.115	Surrender of registration.
560.116	Civil immunity.
560.117	Administrative fines; enforcement.
560.118	Examinations, reports, and internal audits; penalty.
560.119	Deposit of fees and assessments.
560.121	Records; limited restrictions upon public access.
560.123	Florida control of money laundering in the Money Transmitters' Code; reports of transactions involving currency or monetary instruments; when required; purpose; definitions; penalties; corpus delicti.
560.1235
560.124	Sharing of information.
560.125	Money transmitter business by unauthorized persons; penalties.
560.126	Significant events; notice required.
560.127	Control of a money transmitter.
560.128	Consumer disclosure.
560.129	Confidentiality.
560.140
560.141
560.142
560.143
560.144
560.200	Short title.
560.202	Definitions.
560.203	Exemptions.
560.204	Requirement of registration.
560.205	Qualifications of applicant for registration; contents.
560.206	Investigation of applicants.
560.207	Renewal of registration; registration fee.
560.208	Conduct of business.
560.209	Net worth; corporate surety bond; collateral deposit in lieu of bond.
560.210	Permissible investments.
560.211	Records.
560.212	Financial liability.
560.213	Payment instrument information.
560.301	Short title.
560.302	Definitions.
560.303	Requirement of registration.
560.304	Exceptions to registration.
560.305	Application.
560.306	Standards.
560.307	Fees.
560.308	Registration terms; renewal; renewal fees.
560.309	Rules.
560.310	Records of check cashers and foreign currency exchangers.
560.401	Short title.
560.402	Definitions.
560.403	Requirements of registration; declaration of intent.
560.404	Requirements for deferred presentment transactions.
560.405	Deposit; redemption.
560.406	Worthless checks.
560.407	Records.
896.101	Florida Money Laundering Act; definitions; penalties; injunctions; seizure warrants; immunity.
896.104	Structuring transactions to evade reporting or registration requirements prohibited.
921.0022	Criminal Punishment Code; offense severity ranking chart.

Citations - Constitution (0)

No Constitutional citations.

Citations - Chapter Law (0)

No Chapter Law citations.