CS/CS/HB 1351: Money Services Businesses
GENERAL BILL by Commerce Committee ; Insurance and Banking Subcommittee ; Aloupis ; (CO-INTRODUCERS) Buchanan ; Duran ; McFarland ; 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.
- Rules (RC)
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Bill History
Date Chamber Action 2/25/2021 House • Filed
3/2/2021 House • 1st Reading (Original Filed Version)
3/5/2021 House • Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
3/15/2021 House • Added to Insurance & Banking Subcommittee agenda
3/17/2021 House • Favorable with CS by Insurance & Banking Subcommittee
3/18/2021 House • Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
• 1st Reading (Committee Substitute 1)
3/22/2021 House • Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in State Administration & Technology Appropriations Subcommittee
3/30/2021 House • Added to State Administration & Technology Appropriations Subcommittee agenda
4/1/2021 House • Favorable by State Administration & Technology Appropriations Subcommittee
• Reported out of State Administration & Technology Appropriations Subcommittee
• Now in Commerce Committee
4/18/2021 House • Added to Commerce Committee agenda
• Added to Commerce Committee agenda
4/19/2021 House • Favorable with CS by Commerce Committee
• Reported out of Commerce Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
• Bill referred to House Calendar
• Bill added to Special Order Calendar (4/22/2021)
• 1st Reading (Committee Substitute 2)
4/22/2021 House • Read 2nd time
• Placed on 3rd reading
• Added to Third Reading Calendar
4/23/2021 House • Read 3rd time
• CS passed; YEAS 115, NAYS 0
4/23/2021 Senate • In Messages
• Referred to Rules -SJ 656
4/23/2021 House • Message sent to senate
4/23/2021 Senate • Received -SJ 656
4/30/2021 Senate • Died in Rules
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CS/CS/HB 1351, Committee Substitute 2 (Current Bill Version) Posted 4/19/2021 at 5:41 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1758 Money Services Businesses Brandes Compare Last Action: 4/30/2021 S Died in Rules 
Floor Votes (1)
Date Chamber Result 4/23/2021 12:52 PM House 115 Yeas - 0 Nays Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 559.952 Financial Technology Sandbox. Page 2 (pdf) 560.103 Definitions. Page 4 (pdf) 560.123 Florida Control of Money Laundering in Money Services Business Act. Page 6 (pdf) 560.125 Unlicensed activity; penalties. Page 9 (pdf) 560.204 License required. Page 11 (pdf) 560.208 Conduct of business. Page 11 (pdf) 560.2085 Authorized vendors. Page 12 (pdf) 560.210 Permissible investments. Page 13 (pdf) 560.211 Required records. Page 14 (pdf) 560.212 Financial liability. Page 15 (pdf) -
CS/HB 1351, Committee Substitute 1 Posted 3/18/2021 at 6:26 PM
Bill Text: PDF Analyses: State Administration and Technology Appropriations Subcommittee (Post-Meeting) 4/1/2021 (pdf)
Commerce Committee (Post-Meeting) 4/19/2021 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1758 Money Services Businesses Brandes Compare Last Action: 4/30/2021 S Died in Rules
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 693061 - Amendment
Remove line 326 and insert:Aloupis 4/18/2021
6:16 PMAdopted without Objection
4/19/2021PDF Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 559.952 Financial Technology Sandbox. Page 2 (pdf) 560.103 Definitions. Page 4 (pdf) 560.123 Florida Control of Money Laundering in Money Services Business Act. Page 6 (pdf) 560.125 Unlicensed activity; penalties. Page 9 (pdf) 560.204 License required. Page 11 (pdf) 560.208 Conduct of business. Page 11 (pdf) 560.2085 Authorized vendors. Page 12 (pdf) 560.210 Permissible investments. Page 13 (pdf) 560.211 Required records. Page 14 (pdf) 560.212 Financial liability. Page 15 (pdf) -
HB 1351, Original Filed Version Posted 2/25/2021 at 4:24 PM
Bill Text: PDF Analyses: Insurance and Banking Subcommittee (Post-Meeting) 3/18/2021 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1758 Money Services Businesses Brandes Identical Last Action: 4/30/2021 S Died in Rules
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 330635 - Amendment
Remove lines 96-144 and insert:Aloupis 3/16/2021
5:43 PMAdopted without Objection
3/17/2021PDF Citations - Statutes (4)
Citation Catchline Location in Bill Location In Bill Help 559.952 Financial Technology Sandbox. Page 1 (pdf) 560.103 Definitions. Page 3 (pdf) 560.204 License required. Page 5 (pdf) 560.210 Permissible investments. Page 6 (pdf)