CS/CS/SB 1536: Money Services Businesses
GENERAL BILL by Commerce and Tourism ; Banking and Insurance ; Boyd
Money Services Businesses; Providing that a rule may require certain reports to the Office of Financial Regulation to contain declarations by control persons, rather than officers or other responsible persons; providing that control persons, rather than officers, are not liable for loss or damages under certain circumstances; requiring licensees to report changes in control persons, rather than certain other entities or persons; repealing a provision relating to control of a money services business, etc.
Effective Date: 10/1/2022
Last Action: 3/4/2022 Senate - Laid on Table, companion bill(s) passed, see CS/CS/HB 389 (Ch. 2022-135) -SJ 668
Bill Text: Web Page | PDF
Last Action: 3/4/2022 Senate - Laid on Table, companion bill(s) passed, see CS/CS/HB 389 (Ch. 2022-135) -SJ 668
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Commerce and Tourism (CM)
- Rules (RC)
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Bill History
Date Chamber Action 1/5/2022 Senate • Filed
1/12/2022 Senate • Referred to Banking and Insurance; Commerce and Tourism; Rules -SJ 134
1/13/2022 Senate • On Committee agenda-- Banking and Insurance, 01/18/22, 3:30 pm, 412 Knott Building
1/18/2022 Senate • Introduced -SJ 133
• CS by Banking and Insurance; YEAS 9 NAYS 0 -SJ 215
1/20/2022 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Banking and Insurance read 1st time -SJ 216
• Now in Commerce and Tourism
1/26/2022 Senate • On Committee agenda-- Commerce and Tourism, 01/31/22, 3:00 pm, 110 Senate Building
1/31/2022 Senate • CS/CS by Commerce and Tourism; YEAS 10 NAYS 0 -SJ 243
2/1/2022 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
2/2/2022 Senate • Now in Rules
• CS/CS by Commerce and Tourism read 1st time -SJ 248
2/7/2022 Senate • On Committee agenda-- Rules, 02/10/22, 11:00 am, 412 Knott Building
2/10/2022 Senate • Favorable by- Rules; YEAS 16 NAYS 0 -SJ 370
2/11/2022 Senate • Placed on Calendar, on 2nd reading
• Placed on Special Order Calendar, 02/17/22 -SJ 426
2/17/2022 Senate • Retained on Calendar
3/2/2022 Senate • Placed on Special Order Calendar, 03/04/22 -SJ 689
3/4/2022 Senate • Read 2nd time -SJ 668
• Substituted CS/CS/HB 389 -SJ 668
• Laid on Table, companion bill(s) passed, see CS/CS/HB 389 (Ch. 2022-135) -SJ 668
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CS/CS/SB 1536, Committee Substitute 2 (Current Bill Version) Posted 2/1/2022 at 9:57 AM
Bill Text: Web Page | PDF Analyses: Rules (Pre-Meeting) 2/8/2022 (pdf)
Rules (Post-Meeting) 2/10/2022 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 389 (er) Money Services Businesses Insurance and Banking Subcommittee Similar Last Action: 5/26/2022 Chapter No. 2022-135 
Committee Votes (1)
Date Committee Result 2/10/2022 11:00 AM Rules 16 Yeas - 0 Nays Citations - Statutes (9)
Citation Catchline Location in Bill Location In Bill Help 559.952 Financial Technology Sandbox. Page 15 (pdf) 560.103 Definitions. Page 2 (pdf) 560.114 Disciplinary actions; penalties. Page 17 (pdf) 560.118 Reports. Page 9 (pdf) 560.123 Florida Control of Money Laundering in Money Services Business Act. Page 10 (pdf) 560.126 Required notice by licensee. Page 10 (pdf) 560.127 Control of a money services business. Page 11 (pdf) 560.141 License application. Page 11 (pdf) 560.143 Fees. Page 15 (pdf) -
CS/SB 1536, Committee Substitute 1 Posted 1/20/2022 at 8:30 AM
Bill Text: Web Page | PDF Analyses: Commerce and Tourism (Pre-Meeting) 1/28/2022 (pdf)
Commerce and Tourism (Post-Meeting) 2/1/2022 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 389 (c1) Money Services Businesses Insurance and Banking Subcommittee Similar Last Action: 5/26/2022 Chapter No. 2022-135
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 351226 - Amendment (Delete All)
Delete everything after the enacting clause and insert:Commerce and Tourism
(Boyd)1/28/2022
3:00 PMReplaced by Committee Substitute
2/1/2022Web Page
PDFCommittee Votes (1)
Date Committee Result 1/31/2022 3:00 PM Commerce and Tourism 10 Yeas - 0 Nays Citations - Statutes (9)
Citation Catchline Location in Bill Location In Bill Help 559.952 Financial Technology Sandbox. Page 14 (pdf) 560.103 Definitions. Page 2 (pdf) 560.114 Disciplinary actions; penalties. Page 16 (pdf) 560.118 Reports. Page 9 (pdf) 560.123 Florida Control of Money Laundering in Money Services Business Act. Page 10 (pdf) 560.126 Required notice by licensee. Page 10 (pdf) 560.127 Control of a money services business. Page 11 (pdf) 560.141 License application. Page 11 (pdf) 560.143 Fees. Page 13 (pdf) -
SB 1536, Original Filed Version Posted 1/5/2022 at 2:20 PM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 1/14/2022 (pdf)
Banking and Insurance (Post-Meeting) 1/19/2022 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 389 Money Services Businesses Insurance and Banking Subcommittee Similar Last Action: 5/26/2022 Chapter No. 2022-135
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 571054 - Amendment
Delete lines 262 - 357 and insert:Banking and Insurance
(Boyd)1/14/2022
3:22 PMReplaced by Committee Substitute
1/19/2022Web Page
PDFCommittee Votes (1)
Date Committee Result 1/18/2022 3:30 PM Banking and Insurance 9 Yeas - 0 Nays Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 559.952 Financial Technology Sandbox. Page 17 (pdf) 560.103 Definitions. Page 2 (pdf) 560.105 Supervisory powers; rulemaking. Page 10 (pdf) 560.114 Disciplinary actions; penalties. Page 11 (pdf) 560.118 Reports. Page 13 (pdf) 560.123 Florida Control of Money Laundering in Money Services Business Act. Page 13 (pdf) 560.126 Required notice by licensee. Page 14 (pdf) 560.127 Control of a money services business. Page 15 (pdf) 560.141 License application. Page 15 (pdf) 560.143 Fees. Page 17 (pdf)