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Glossary of Legislative Terms

CS/CS/HB 311: Securities

GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Barnaby ; (CO-INTRODUCERS) López, J.

Securities; Revises list of securities & transactions that are exempt from registration requirements; authorizes issuer to engage in general advertising & solicitation; removes requirements for escrow agreement; revises amount that may be received for sales of certain securities; provides certain sales are voidable within specified timeframe; specifies limitation on amount of cash & other consideration that may be received from sales of securities; prohibits issuer from accepting more than specified amount from single purchaser; prohibits issuer from withdrawing any amount of offering proceeds until target offering amount has been received; provides that certain communications are not deemed to constitute general solicitation or general advertising.

Effective Date: 10/1/2024
 Last Action: 3/4/2024 House - Laid on Table, companion bill(s) passed, see CS/CS/SB 532 (Ch. 2024-168)
Bill Text: PDF

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  • Bill History

  • CS/CS/HB 311, Committee Substitute 2 (Current Bill Version) Posted 2/1/2024 at 10:15 AM

  • CS/HB 311, Committee Substitute 1 Posted 1/19/2024 at 6:20 PM

  • HB 311, Original Filed Version Posted 11/1/2023 at 11:02 AM