CS/HB 593: Misdescription of Beneficiaries and Banks
GENERAL BILL by Insurance & Banking Subcommittee ; Beltran ; (CO-INTRODUCERS) Melo
Misdescription of Beneficiaries and Banks; Revises requirements for rights as beneficiary of order & acceptance of order when beneficiary is nonexistent or unidentifiable person or account; removes rules relating to accepted payment orders; revises requirements relating to misdescription of banks for intermediaries & beneficiaries.
Effective Date: 7/1/2024
Last Action: 3/8/2024 House - Died on Second Reading Calendar
Bill Text: PDF
Last Action: 3/8/2024 House - Died on Second Reading Calendar
Bill Text: PDF
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Bill History
Date Chamber Action 11/20/2023 House • Filed
11/30/2023 House • Referred to Insurance & Banking Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
1/9/2024 House • 1st Reading (Original Filed Version)
1/23/2024 House • Added to Insurance & Banking Subcommittee agenda
1/25/2024 House • Favorable with CS by Insurance & Banking Subcommittee
• Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
1/26/2024 House • Referred to Commerce Committee
• Now in Commerce Committee
• 1st Reading (Committee Substitute 1)
2/6/2024 House • Added to Commerce Committee agenda
2/8/2024 House • Favorable by Commerce Committee
• Reported out of Commerce Committee
• Bill released to House Calendar
• Added to Second Reading Calendar
3/8/2024 House • Died on Second Reading Calendar
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CS/HB 593, Committee Substitute 1 (Current Bill Version) Posted 1/25/2024 at 4:46 PM
Bill Text: PDF Analyses: Commerce Committee (Post-Meeting) 2/8/2024 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 772 Misdescription of Beneficiaries and Banks Rouson Similar Last Action: 3/8/2024 S Died in Banking and Insurance 
Citations - Statutes (2)
Citation Catchline Location in Bill Location In Bill Help 670.207 Misdescription of beneficiary. Page 1 (pdf) 670.208 Misdescription of intermediary bank or beneficiary’s bank. Page 4 (pdf) -
HB 593, Original Filed Version Posted 11/20/2023 at 5:04 PM
Bill Text: PDF Analyses: Insurance & Banking Subcommittee (Post-Meeting) 1/25/2024 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 772 Misdescription of Beneficiaries and Banks Rouson Identical Last Action: 3/8/2024 S Died in Banking and Insurance
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 935729 - Amendment
Remove lines 55-84 and insert:Beltran 1/24/2024
8:25 PMAdopted without Objection
1/25/2024PDF Citations - Statutes (2)
Citation Catchline Location in Bill Location In Bill Help 670.207 Misdescription of beneficiary. Page 1 (pdf) 670.208 Misdescription of intermediary bank or beneficiary’s bank. Page 4 (pdf)