CS/CS/HB 389: Money Services Businesses
GENERAL BILL by State Administration and Technology Appropriations Subcommittee ; Insurance and Banking Subcommittee ; Zika
Money Services Businesses; Provides that control persons of money services businesses, rather than officers, are not liable for loss or damages under certain circumstances; requires licensees to report changes in control persons, rather than in certain other entities or persons; provides that addition of control person, rather than certain other entities or persons, is subject to certain requirements; revises requirements for applications for licensure as money services business.
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Bill History
Date Chamber Action 10/21/2021 House • Filed
11/5/2021 House • Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
1/11/2022 House • 1st Reading (Original Filed Version)
1/25/2022 House • PCS added to Insurance & Banking Subcommittee agenda
1/27/2022 House • Favorable with CS by Insurance & Banking Subcommittee
• Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
1/28/2022 House • 1st Reading (Committee Substitute 1)
1/31/2022 House • Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in State Administration & Technology Appropriations Subcommittee
2/11/2022 House • Added to State Administration & Technology Appropriations Subcommittee agenda
2/15/2022 House • Favorable with CS by State Administration & Technology Appropriations Subcommittee
• Reported out of State Administration & Technology Appropriations Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
2/16/2022 House • Referred to Commerce Committee
• Now in Commerce Committee
• 1st Reading (Committee Substitute 2)
2/21/2022 House • Added to Commerce Committee agenda
2/23/2022 House • Favorable by Commerce Committee
2/24/2022 House • Reported out of Commerce Committee
• Bill released to House Calendar
• Added to Second Reading Calendar
• Bill added to Special Order Calendar (3/1/2022)
3/1/2022 House • Read 2nd time
• Placed on 3rd reading
• Added to Third Reading Calendar
3/2/2022 House • Read 3rd time
• CS passed; YEAS 115, NAYS 0
3/2/2022 Senate • In Messages
• Referred to Rules -SJ 533
• Received -SJ 533
3/4/2022 Senate • Withdrawn from Rules -SJ 668
• Placed on Calendar, on 2nd reading
• Substituted for CS/CS/SB 1536 -SJ 668
• Read 2nd time -SJ 668
• Read 3rd time -SJ 668
• CS passed; YEAS 38 NAYS 0 -SJ 668
3/4/2022 House • In Messages
• Ordered enrolled
5/20/2022 • Signed by Officers and presented to Governor
5/25/2022 • Approved by Governor
5/26/2022 • Chapter No. 2022-135
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CS/CS/HB 389, Enrolled (Current Bill Version) Posted 3/4/2022 at 3:22 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1536 (c2) Money Services Businesses Boyd Similar Last Action: 3/4/2022 S Laid on Table, companion bill(s) passed, see CS/CS/HB 389 (Ch. 2022-135) -SJ 668 
Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 559.952 Financial Technology Sandbox. Page 17 (pdf) 560.103 Definitions. Page 2 (pdf) 560.114 Disciplinary actions; penalties. Page 19 (pdf) 560.118 Reports. Page 10 (pdf) 560.123 Florida Control of Money Laundering in Money Services Business Act. Page 11 (pdf) 560.126 Required notice by licensee. Page 11 (pdf) 560.141 License application. Page 13 (pdf) -
CS/CS/HB 389, Committee Substitute 2 Posted 2/15/2022 at 7:52 PM
Bill Text: PDF Analyses: Commerce Committee (Post-Meeting) 2/24/2022 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1536 (c2) Money Services Businesses Boyd Similar Last Action: 3/4/2022 S Laid on Table, companion bill(s) passed, see CS/CS/HB 389 (Ch. 2022-135) -SJ 668
Floor Votes (3)
Date Chamber Result 3/1/2022 5:05 PM House 110 Yeas - 0 Nays 3/2/2022 4:52 PM House 115 Yeas - 0 Nays 3/4/2022 2:33 PM Senate 38 Yeas - 0 Nays Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 559.952 Financial Technology Sandbox. Page 17 (pdf) 560.103 Definitions. Page 2 (pdf) 560.114 Disciplinary actions; penalties. Page 19 (pdf) 560.118 Reports. Page 10 (pdf) 560.123 Florida Control of Money Laundering in Money Services Business Act. Page 11 (pdf) 560.126 Required notice by licensee. Page 11 (pdf) 560.141 License application. Page 13 (pdf) -
CS/HB 389, Committee Substitute 1 Posted 1/27/2022 at 6:35 PM
Bill Text: PDF Analyses: State Administration and Technology Appropriations Subcommittee (Post-Meeting) 2/15/2022 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1536 (c2) Money Services Businesses Boyd Identical Last Action: 3/4/2022 S Laid on Table, companion bill(s) passed, see CS/CS/HB 389 (Ch. 2022-135) -SJ 668
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 191619 - Amendment
Remove lines 44-422 and insert:Zika 2/14/2022
6:07 PMAdopted
2/15/2022PDF Citations - Statutes (9)
Citation Catchline Location in Bill Location In Bill Help 559.952 Financial Technology Sandbox. Page 18 (pdf) 560.103 Definitions. Page 2 (pdf) 560.114 Disciplinary actions; penalties. Page 5 (pdf), Page 20 (pdf) 560.118 Reports. Page 11 (pdf) 560.123 Florida Control of Money Laundering in Money Services Business Act. Page 11 (pdf) 560.126 Required notice by licensee. Page 12 (pdf) 560.127 Control of a money services business. Page 13 (pdf) 560.141 License application. Page 13 (pdf) 560.143 Fees. Page 17 (pdf) -
HB 389, Original Filed Version Posted 10/21/2021 at 11:11 AM
Bill Text: PDF Analyses: Insurance and Banking Subcommittee (Post-Meeting) 5/26/2022 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1536 (c1) Money Services Businesses Boyd Compare Last Action: 3/4/2022 S Laid on Table, companion bill(s) passed, see CS/CS/HB 389 (Ch. 2022-135) -SJ 668
Citations - Statutes (9)
Citation Catchline Location in Bill Location In Bill Help 560.103 Definitions. Page 2 (pdf) 560.105 Supervisory powers; rulemaking. Page 3 (pdf) 560.114 Disciplinary actions; penalties. Page 5 (pdf) 560.118 Reports. Page 7 (pdf) 560.123 Florida Control of Money Laundering in Money Services Business Act. Page 7 (pdf) 560.126 Required notice by licensee. Page 8 (pdf) 560.127 Control of a money services business. Page 9 (pdf) 560.141 License application. Page 9 (pdf) 560.143 Fees. Page 11 (pdf)