CS/CS/HB 431: Financial Institutions
GENERAL BILL by Commerce Committee ; Insurance and Banking Subcommittee ; Barnaby ; Snyder ; (CO-INTRODUCERS) Benjamin
Financial Institutions; Provides that failure of foreign nationals to participate through video conference in certain hearings is grounds for denial of certain applications; revises quantity of assets mutual financial institutions may not sell to stock financial institutions, subject to certain conditions; requires OFR, upon receiving applications for authority to organize bank or trust company, to investigate need for target market & ability of primary service area or target market to support proposed & existing banks or trust facilities; authorizes office to waive requirement that certain proposed financial institution presidents or chief executive officers have certain experience within specified timeframe; requires person or group to notify office within specified timeframe upon acquiring controlling interest in state bank or state trust company; revises type of institution with which certain family trust companies are required to maintain deposit account; revises banks with which international bank agencies and international branches are required to maintain certain deposits or investment securities; requires qualified limited service affiliates to suspend certain permissible activities under certain circumstances.
Last Action: 3/3/2022 House - Laid on Table; companion bill(s) passed, see CS/SB 1680 (Ch. 2022-178)
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 10/28/2021 | House |
• Filed |
| 11/10/2021 | 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) |
| 1/14/2022 | House |
• PCS added to Insurance & Banking Subcommittee agenda |
| 1/19/2022 | House |
• Favorable with CS by Insurance & Banking Subcommittee |
| 1/21/2022 | House |
• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed |
| 1/24/2022 | House |
• 1st Reading (Committee Substitute 1) |
| 1/25/2022 | House |
• Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in State Administration & Technology Appropriations Subcommittee |
| 2/1/2022 | House |
• Added to State Administration & Technology Appropriations Subcommittee agenda |
| 2/3/2022 | House |
• Favorable by State Administration & Technology Appropriations Subcommittee • Reported out of State Administration & Technology Appropriations Subcommittee • Now in Commerce Committee |
| 2/15/2022 | House |
• Added to Commerce Committee agenda |
| 2/17/2022 | House |
• Favorable with CS by Commerce Committee • Reported out of Commerce Committee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 2) |
| 2/18/2022 | House |
• Bill referred to House Calendar • Added to Second Reading Calendar |
| 2/28/2022 | House |
• Bill added to Special Order Calendar (3/3/2022) |
| 3/3/2022 | House |
• Substituted CS/SB 1680 • Laid on Table; companion bill(s) passed, see CS/SB 1680 (Ch. 2022-178) |
