CS/SB 1680: Financial Institutions
GENERAL BILL by Rules ; Gruters
Financial Institutions; Providing that the failure of foreign nationals to participate through video conference in certain hearings is grounds for denial of certain applications; revising the circumstances under which the Office of Financial Regulation is required to conduct certain examinations; revising the entities that may acquire liabilities and assets, and the liabilities and assets that may be acquired, according to certain procedures, conditions, and limitations; requiring the office, upon receiving applications for authority to organize a bank or trust company, to investigate the need for a target market and the ability of the primary service area or target market to support proposed and existing bank or trust facilities, etc.
Senate Committee References:
- Banking and Insurance (BI)
- Appropriations (AP)
- Rules (RC)
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Bill History
Date Chamber Action 1/6/2022 Senate • Filed
1/12/2022 Senate • Referred to Banking and Insurance; Appropriations; Rules -SJ 144
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 144
• Favorable by Banking and Insurance; YEAS 9 NAYS 0 -SJ 210
1/19/2022 Senate • Now in Appropriations
1/24/2022 Senate • On Committee agenda-- Appropriations, 01/27/22, 11:30 am, 412 Knott Building
1/27/2022 Senate • Favorable by Appropriations; YEAS 18 NAYS 0 -SJ 243
1/28/2022 Senate • Now in Rules
2/7/2022 Senate • On Committee agenda-- Rules, 02/10/22, 11:00 am, 412 Knott Building
2/10/2022 Senate • CS by- Rules; YEAS 17 NAYS 0 -SJ 370
2/14/2022 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• Placed on Calendar, on 2nd reading
• Placed on Special Order Calendar, 02/17/22 -SJ 426
2/16/2022 Senate • CS by Rules read 1st time -SJ 380
2/17/2022 Senate • Read 2nd time -SJ 422
• Read 3rd time -SJ 422
• CS passed; YEAS 38 NAYS 0 -SJ 422
• Immediately certified -SJ 426
2/17/2022 House • In Messages
2/28/2022 House • Bill referred to House Calendar
• Bill added to Special Order Calendar (3/3/2022)
• 1st Reading (Committee Substitute 1)
3/3/2022 House • Substituted for CS/CS/HB 431
• Read 2nd time
• Placed on 3rd reading
• Added to Third Reading Calendar
3/4/2022 House • Read 3rd time
• CS passed; YEAS 112, NAYS 0
3/4/2022 Senate • Ordered enrolled -SJ 696
6/3/2022 • Signed by Officers and presented to Governor
6/8/2022 • Approved by Governor
6/9/2022 • Chapter No. 2022-178
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CS/SB 1680, Enrolled (Current Bill Version) Posted 3/6/2022 at 5:27 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 431 (c2) Financial Institutions Insurance and Banking Subcommittee Identical Last Action: 3/3/2022 H Laid on Table; companion bill(s) passed, see CS/SB 1680 (Ch. 2022-178) 
Citations - Statutes (19)
Citation Catchline Location in Bill Location In Bill Help 120.80 Exceptions and special requirements; agencies. Page 3 (pdf) 475.01 Definitions. Page 5 (pdf) 518.117 Permissible investments of fiduciary funds. Page 6 (pdf) 655.045 Examinations, reports, and internal audits; penalty. Page 6 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 8 (pdf) 655.50 Florida Control of Money Laundering and Terrorist Financing in Financial Institutions Act. Page 11 (pdf) 657.021 Board of directors; executive committee. Page 12 (pdf) 657.028 Activities of directors, officers, committee members, employees, and agents. Page 12 (pdf) 658.12 Definitions. Page 12 (pdf) 658.165 Banker’s banks; formation; applicability of financial institutions codes; exceptions. Page 22 (pdf) 658.20 Investigation by office. Page 13 (pdf) 658.21 Approval of application; findings required. Page 13 (pdf) 658.28 Acquisition of control of a bank or trust company. Page 15 (pdf) 658.2953 Interstate branching. Page 15 (pdf) 662.1225 Requirements for a family trust company, licensed family trust company, or foreign licensed family trust company. Page 16 (pdf) 662.128 Annual renewal. Page 16 (pdf) 663.07 Asset maintenance or capital equivalency. Page 17 (pdf) 663.532 Qualification. Page 18 (pdf) 736.0802 Duty of loyalty. Page 21 (pdf) -
CS/SB 1680, Committee Substitute 1 Posted 2/14/2022 at 8:39 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 431 (c2) Financial Institutions Insurance and Banking Subcommittee Identical Last Action: 3/3/2022 H Laid on Table; companion bill(s) passed, see CS/SB 1680 (Ch. 2022-178)
Floor Votes (2)
Date Chamber Result 2/17/2022 2:41 PM Senate 38 Yeas - 0 Nays 3/4/2022 3:21 PM House 112 Yeas - 0 Nays Citations - Statutes (19)
Citation Catchline Location in Bill Location In Bill Help 120.80 Exceptions and special requirements; agencies. Page 3 (pdf) 475.01 Definitions. Page 5 (pdf) 518.117 Permissible investments of fiduciary funds. Page 6 (pdf) 655.045 Examinations, reports, and internal audits; penalty. Page 6 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 8 (pdf) 655.50 Florida Control of Money Laundering and Terrorist Financing in Financial Institutions Act. Page 11 (pdf) 657.021 Board of directors; executive committee. Page 12 (pdf) 657.028 Activities of directors, officers, committee members, employees, and agents. Page 12 (pdf) 658.12 Definitions. Page 12 (pdf) 658.165 Banker’s banks; formation; applicability of financial institutions codes; exceptions. Page 22 (pdf) 658.20 Investigation by office. Page 13 (pdf) 658.21 Approval of application; findings required. Page 13 (pdf) 658.28 Acquisition of control of a bank or trust company. Page 15 (pdf) 658.2953 Interstate branching. Page 15 (pdf) 662.1225 Requirements for a family trust company, licensed family trust company, or foreign licensed family trust company. Page 16 (pdf) 662.128 Annual renewal. Page 16 (pdf) 663.07 Asset maintenance or capital equivalency. Page 17 (pdf) 663.532 Qualification. Page 18 (pdf) 736.0802 Duty of loyalty. Page 21 (pdf) -
SB 1680, Original Filed Version Posted 1/6/2022 at 4:38 PM
Bill Text: Web Page | PDF Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 431 (c1) Financial Institutions Insurance and Banking Subcommittee Similar Last Action: 3/3/2022 H Laid on Table; companion bill(s) passed, see CS/SB 1680 (Ch. 2022-178)
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 510104 - Amendment (Delete All)
Delete everything after the enacting clause and insert:Rules
(Gruters)2/9/2022
10:18 AMReplaced by Committee Substitute
2/10/2022Web Page
PDFCommittee Votes (3)
Date Committee Result 1/18/2022 3:30 PM Banking and Insurance 9 Yeas - 0 Nays 1/27/2022 11:30 AM Appropriations 18 Yeas - 0 Nays 2/10/2022 11:00 AM Rules 17 Yeas - 0 Nays Citations - Statutes (20)
Citation Catchline Location in Bill Location In Bill Help 120.80 Exceptions and special requirements; agencies. Page 3 (pdf) 475.01 Definitions. Page 5 (pdf) 501.2076 Page 6 (pdf) 518.117 Permissible investments of fiduciary funds. Page 6 (pdf) 655.045 Examinations, reports, and internal audits; penalty. Page 6 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 8 (pdf) 655.50 Florida Control of Money Laundering and Terrorist Financing in Financial Institutions Act. Page 11 (pdf) 657.021 Board of directors; executive committee. Page 12 (pdf) 657.028 Activities of directors, officers, committee members, employees, and agents. Page 12 (pdf) 658.12 Definitions. Page 12 (pdf) 658.165 Banker’s banks; formation; applicability of financial institutions codes; exceptions. Page 21 (pdf) 658.20 Investigation by office. Page 13 (pdf) 658.21 Approval of application; findings required. Page 13 (pdf) 658.28 Acquisition of control of a bank or trust company. Page 15 (pdf) 658.2953 Interstate branching. Page 15 (pdf) 662.1225 Requirements for a family trust company, licensed family trust company, or foreign licensed family trust company. Page 16 (pdf) 662.128 Annual renewal. Page 16 (pdf) 663.07 Asset maintenance or capital equivalency. Page 17 (pdf) 663.532 Qualification. Page 18 (pdf) 736.0802 Duty of loyalty. Page 21 (pdf)