CS/SB 486: Money Services Businesses
GENERAL BILL by Appropriations ; Brodeur
Money Services Businesses; Revising exceptions to general laws and rules for licensees during the Financial Technology Sandbox period; defining the term “virtual currency”; revising the purpose of the Florida Control of Money Laundering in Money Services Business Act; revising criminal and civil penalties for certain violations relating to unlicensed activity involving money services businesses and deferred presentment providers; requiring money transmitters that receive virtual currency for specified purposes to hold a certain type and amount of virtual currency until the transmission obligation is completed, etc.
Effective Date: 1/1/2023
Last Action: 3/7/2022 Senate - Laid on Table, companion bill(s) passed, see CS/HB 273 (Ch. 2022-113) -SJ 719
Bill Text: Web Page | PDF
Last Action: 3/7/2022 Senate - Laid on Table, companion bill(s) passed, see CS/HB 273 (Ch. 2022-113) -SJ 719
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Appropriations Subcommittee on Agriculture, Environment, and General Government (AEG)
- Appropriations (AP)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 10/13/2021 | Senate |
• Filed |
| 10/21/2021 | Senate |
• Referred to Banking and Insurance; Appropriations Subcommittee on Agriculture, Environment, and General Government; Appropriations -SJ 28 |
| 1/7/2022 | Senate |
• On Committee agenda-- Banking and Insurance, 01/12/22, 9:30 am, 412 Knott Building |
| 1/11/2022 | Senate |
• Introduced -SJ 28 |
| 1/12/2022 | Senate |
• Favorable by Banking and Insurance; YEAS 11 NAYS 0 -SJ 114 • Now in Appropriations Subcommittee on Agriculture, Environment, and General Government |
| 1/21/2022 | Senate |
• On Committee agenda-- Appropriations Subcommittee on Agriculture, Environment, and General Government, 01/26/22, 3:30 pm, 110 Senate Building |
| 1/26/2022 | Senate |
• Subcommittee Recommendation: CS by Appropriations Subcommittee on Agriculture, Environment, and General Government; YEAS 10 NAYS 0 -SJ 244 |
| 1/28/2022 | Senate |
• Now in Appropriations |
| 2/4/2022 | Senate |
• On Committee agenda-- Appropriations, 02/09/22, 9:00 am, 412 Knott Building |
| 2/9/2022 | Senate |
• CS by- Appropriations; 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 |
| 2/16/2022 | Senate |
• CS by Appropriations read 1st time -SJ 376 |
| 3/1/2022 | Senate |
• Placed on Special Order Calendar, 03/03/22 -SJ 591 |
| 3/3/2022 | Senate |
• Retained on Special Order Calendar |
| 3/4/2022 | Senate |
• Retained on Special Order Calendar -SJ 689 |
| 3/7/2022 | Senate |
• Read 2nd time -SJ 719 • Substituted CS/HB 273 -SJ 719 • Laid on Table, companion bill(s) passed, see CS/HB 273 (Ch. 2022-113) -SJ 719 |
