CS/CS/HB 813: Protection of Vulnerable Investors
GENERAL BILL by Commerce Committee ; Insurance and Banking Subcommittee ; McClure ; Silvers ; (CO-INTRODUCERS) Brown ; Perez ; Zika
Protection of Vulnerable Investors; Requires securities dealers, investment advisers, & associated persons to report knowledge or suspicion of abuse, neglect, or exploitation of vulnerable adults to DCF; authorizes dealers & investment advisers to delay certain disbursements or transactions based on reasonable belief of financial exploitation of specified adult; requires dealer or investment adviser to notify certain persons & OFR of such delays within specified timeframe; authorizes dealer or investment adviser to extend delay; provides that length of such delays may be shortened or extended by court of competent jurisdiction; provides immunity from administrative & civil liability for dealers, investment advisers, & associated persons; requires dealers & investment advisers to develop certain training policies or programs & maintain written records of compliance.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 11/26/2019 | House |
• Filed |
| 12/16/2019 | House |
• Referred to Insurance and Banking Subcommittee; Children, Families and Seniors Subcommittee; Commerce Committee -HJ 69 |
| 1/13/2020 | House |
• On Committee agenda-- Insurance and Banking Subcommittee, 01/15/20, 3:30 pm, Sumner Hall |
| 1/14/2020 | House |
• Introduced -HJ 69 |
| 1/15/2020 | House |
• CS by Insurance and Banking Subcommittee; YEAS 15 NAYS 0 -HJ 396 |
| 1/16/2020 | House |
• Pending review of CS under Rule 7.18(c) • CS by Insurance and Banking Subcommittee read 1st time -HJ 382 |
| 1/20/2020 | House |
• Now in Children, Families and Seniors Subcommittee -HJ 410 |
| 1/27/2020 | House |
• On Committee agenda-- Children, Families and Seniors Subcommittee, 01/29/20, 9:00 am, 12 HOB |
| 1/29/2020 | House |
• Favorable by Children, Families and Seniors Subcommittee; YEAS 11 NAYS 0 -HJ 464 • Now in Commerce Committee -HJ 464 |
| 2/4/2020 | House |
• On Committee agenda-- Commerce Committee, 02/06/20, 9:00 am, Webster Hall |
| 2/6/2020 | House |
• CS/CS by- Commerce Committee; YEAS 22 NAYS 0 -HJ 530 |
| 2/10/2020 | House |
• Pending review of CS -under Rule 7.18(c) • CS/CS by Commerce Committee read 1st time -HJ 529 |
| 2/11/2020 | House |
• Placed on Calendar -HJ 568 |
| 2/13/2020 | House |
• Placed on Special Order Calendar, 02/19/20 |
| 2/19/2020 | House |
• Read 2nd time -HJ 588 • Placed on 3rd reading |
| 2/20/2020 | House |
• Read 3rd time -HJ 610 • CS passed; YEAS 118 NAYS 0 -HJ 610 |
| 2/26/2020 | Senate |
• In Messages |
| 2/27/2020 | Senate |
• Referred to Banking and Insurance; Judiciary; Rules -SJ 366 |
| 3/2/2020 | Senate |
• Received -SJ 366 |
| 3/11/2020 | Senate |
• Withdrawn from Banking and Insurance; Judiciary; Rules -SJ 699 • Placed on Calendar, on 2nd reading • Substituted for CS/SB 1672 -SJ 699 • Read 2nd time -SJ 699 • Placed on 3rd reading |
| 3/12/2020 | Senate |
• Read 3rd time -SJ 731 • CS passed; YEAS 38 NAYS 0 -SJ 731 |
| 3/12/2020 | House |
• Ordered enrolled -HJ 1171 |
| 6/17/2020 |
• Signed by Officers and presented to Governor |
|
| 6/30/2020 |
• Approved by Governor |
|
| 7/1/2020 |
• Chapter No. 2020-157 |
