CS/CS/HB 585: Access to Financial Institution Customer Accounts
GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Rommel ; (CO-INTRODUCERS) Roth
Access to Financial Institution Customer Accounts; Provides additional grounds for qualified public depositories to be suspended & disqualified; authorizes OFR to receive complaints from customer or member who reasonably believes that financial institution has acted in bad faith in terminating, suspending, or taking similar action restricting access to such customer's or member's account; provides duties of office upon receipt of complaint; provides duties of financial institution upon receipt of notification that complaint has been filed; authorizes office to provide certain reports & information to specified entities; provides that financial institutions' customers & members have cause of action; authorizes such customers & members to recover damages, together with costs & attorney fees; provides time limit for initiating causes of action.
- Rules (RC)
-
Bill History
Date Chamber Action 11/20/2023 House • Filed
11/30/2023 House • Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
12/6/2023 House • Added to Insurance & Banking Subcommittee agenda
12/13/2023 House • Favorable with CS by Insurance & Banking Subcommittee
12/20/2023 House • Reported out of Insurance & Banking Subcommittee
12/21/2023 House • Laid on Table under Rule 7.18(a)
• CS Filed
1/3/2024 House • Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in State Administration & Technology Appropriations Subcommittee
1/9/2024 House • 1st Reading (Original Filed Version)
• 1st Reading (Committee Substitute 1)
1/23/2024 House • Added to State Administration & Technology Appropriations Subcommittee agenda
1/25/2024 House • Favorable by State Administration & Technology Appropriations Subcommittee
• Reported out of State Administration & Technology Appropriations Subcommittee
• Now in Commerce Committee
2/6/2024 House • Added to Commerce Committee agenda
2/8/2024 House • Favorable with CS by Commerce Committee
2/9/2024 House • Reported out of Commerce Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
2/12/2024 House • Bill referred to House Calendar
• Bill added to Special Order Calendar (2/15/2024)
• 1st Reading (Committee Substitute 2)
2/15/2024 House • Read 2nd time
• Added to Third Reading Calendar
• Read 3rd time
• CS passed; YEAS 118, NAYS 0
2/15/2024 Senate • In Messages
2/16/2024 Senate • Referred to Rules
2/20/2024 Senate • Received
3/8/2024 Senate • Died in Rules
-
CS/CS/HB 585, Committee Substitute 2 (Current Bill Version) Posted 2/9/2024 at 4:01 PM
Bill Text: PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 587 (c1) Pub. Rec./Access to Financial Institution Customer Accounts Commerce Committee Linked Last Action: 3/8/2024 S Died in Rules 
S 1132 Access to Financial Institution Customer Accounts Martin Similar Last Action: 3/8/2024 S Died in Banking and Insurance
Floor Votes (1)
Date Chamber Result 2/15/2024 5:28 PM House 118 Yeas - 0 Nays Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 280.051 Grounds for suspension or disqualification of a qualified public depository. Page 2 (pdf) 280.054 Administrative penalty in lieu of suspension or disqualification. Page 2 (pdf) 655.49 Page 4 (pdf) -
CS/HB 585, Committee Substitute 1 Posted 12/21/2023 at 8:54 AM
Bill Text: PDF Analyses: State Administration & Technology Appropriations Subcommittee (Post-Meeting) 1/25/2024 (pdf)
Commerce Committee (Post-Meeting) 2/9/2024 (pdf)
Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 587 Pub. Rec./Access to Financial Institution Customer Accounts Commerce Committee Linked Last Action: 3/8/2024 S Died in Rules
S 1132 Access to Financial Institution Customer Accounts Martin Similar Last Action: 3/8/2024 S Died in Banking and Insurance
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 727071 - Amendment
Remove lines 42-138 and insert:Rommel 2/7/2024
5:05 PMAdopted without Objection
2/8/2024PDF Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 280.051 Grounds for suspension or disqualification of a qualified public depository. Page 2 (pdf) 280.054 Administrative penalty in lieu of suspension or disqualification. Page 2 (pdf) 655.49 Page 3 (pdf) -
HB 585, Original Filed Version Posted 11/20/2023 at 4:44 PM
Bill Text: PDF Analyses: Insurance & Banking Subcommittee (Post-Meeting) 12/20/2023 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 587 Pub. Rec./Access to Financial Institution Customer Accounts Commerce Committee Linked Last Action: 3/8/2024 S Died in Rules
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 499911 - Amendment
Remove lines 80-111 and insert:Rommel 12/12/2023
7:36 PMAdopted without Objection
12/13/2023PDF Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 280.051 Grounds for suspension or disqualification of a qualified public depository. Page 2 (pdf) 280.054 Administrative penalty in lieu of suspension or disqualification. Page 2 (pdf) 655.49 Page 3 (pdf)