CS/CS/CS/HB 989: Chief Financial Officer
GENERAL BILL by Commerce Committee ; State Administration & Technology Appropriations Subcommittee ; Insurance & Banking Subcommittee ; LaMarca ; (CO-INTRODUCERS) Mooney
Chief Financial Officer; Creates Federal Tax Liaison position within DFS; provides that, upon diagnosis of cancer, firefighters are entitled to certain benefits; provides additional grounds for qualified public depositories to be suspended & disqualified; provides reimbursement schedule requirements for emergency services & care under workers' compensation; provides qualification for all-lines adjuster licenses; authorizes OFR to receive complaints from customer or member who reasonably believes that financial institution has acted in bad faith in taking action restricting access to such customer's or member's account; provides circumstances under which property is presumed unclaimed; provides circumstances under which virtual currency held or owing by banking organizations are not presumed unclaimed; revises date on which stocks & other equity interests in business associations are presumed unclaimed; provides that certain intangible property held by attorneys in fact & by agents in fiduciary capacity are presumed unclaimed; provides that state assumes custody & responsibility for safekeeping of unclaimed property upon good faith payments or deliveries of property to department.
Effective Date: 5/2/2024
Last Action: 5/3/2024 - Chapter No. 2024-140; companion bill(s) passed, see CS/CS/HB 939 (Ch. 2024-139)
Bill Text: PDF
Last Action: 5/3/2024 - Chapter No. 2024-140; companion bill(s) passed, see CS/CS/HB 939 (Ch. 2024-139)
Bill Text: PDF
Senate Committee References:
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/21/2023 | House |
• Filed |
| 1/8/2024 | House |
• Referred to Insurance & Banking Subcommittee • Referred to State Administration & Technology Appropriations 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 |
| 1/29/2024 | House |
• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1) |
| 1/30/2024 | House |
• Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in State Administration & Technology Appropriations Subcommittee |
| 2/2/2024 | House |
• Added to State Administration & Technology Appropriations Subcommittee agenda |
| 2/6/2024 | House |
• Favorable with CS by State Administration & Technology Appropriations Subcommittee • Reported out of State Administration & Technology Appropriations Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed |
| 2/7/2024 | House |
• Referred to Commerce Committee • Now in Commerce Committee • 1st Reading (Committee Substitute 2) |
| 2/20/2024 | House |
• PCS added to Commerce Committee agenda |
| 2/22/2024 | House |
• Favorable with CS by Commerce Committee |
| 2/26/2024 | House |
• Reported out of Commerce Committee • Laid on Table under Rule 7.18(a) • CS Filed • Bill referred to House Calendar • Bill added to Special Order Calendar (2/29/2024) • 1st Reading (Committee Substitute 3) |
| 2/29/2024 | House |
• Read 2nd time • Amendment 009191 adopted • Amendment 530611 adopted • Amendment 246769 superseded by substitute • Placed on 3rd reading • Added to Third Reading Calendar |
| 3/1/2024 | House |
• Read 3rd time • CS passed as amended; YEAS 110, NAYS 0 |
| 3/1/2024 | Senate |
• In Messages • Referred to Rules • Received |
| 3/6/2024 | Senate |
• Withdrawn from Rules -SJ 883 • Placed on Calendar, on 2nd reading • Substituted for CS/CS/CS/SB 1098 -SJ 884 • Read 2nd time -SJ 883 • Amendment(s) adopted (383170, 699538, 919464) -SJ 884 • Read 3rd time -SJ 886 • CS passed as amended; YEAS 39 NAYS 1 -SJ 886 |
| 3/6/2024 | House |
• In Messages |
| 3/7/2024 | House |
• Added to Senate Message List • Amendment 198697 adopted • Amendment 773673 adopted as amended • Amendment 895767 adopted • Amendment 383170 Concur • Concurred in Senate amendment 919464 as amended • Concurred in Senate amendment 699538 as amended • CS passed as amended; YEAS 92, NAYS 9 • Amendment 658763 engrossed amendment (replaces 773673, 198697) |
| 3/7/2024 | Senate |
• In returning messages |
| 3/8/2024 | Senate |
• Concurred in House amendment(s) to Senate amendment(s) (658763, 895767) -SJ 1028 • CS passed as amended; YEAS 37 NAYS 2 -SJ 1028 • Reconsidered -SJ 1028 • Amendment(s) reconsidered, Concurred in 2 House amendment(s) to Senate amendment(s) (658763, 895767) -SJ 1029 • CS passed as amended; YEAS 35 NAYS 3 -SJ 1029 |
| 3/8/2024 | House |
• Ordered engrossed, then enrolled • In Messages • Ordered enrolled |
| 4/30/2024 |
• Signed by Officers and presented to Governor |
|
| 5/2/2024 |
• Approved by Governor |
|
| 5/3/2024 |
• Chapter No. 2024-140; companion bill(s) passed, see CS/CS/HB 939 (Ch. 2024-139) |
Related Bills
| Bill Number | Subject | Filed By | Relationship | Last Action and Location | Track Bills |
|---|---|---|---|---|---|
| H 991 (c1) | Pub. Rec./Cellular Telephone Numbers Held by the Department of Financial Services | Commerce Committee | Linked | Last Action: 3/4/2024 H Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 989 (Ch. 2024-140) |
|
| H 611 (c1) | Public Deposits | State Administration & Technology Appropriations Subcommittee | Compare | Last Action: 3/8/2024 S Died in Fiscal Policy, companion bill(s) passed, see CS/CS/CS/HB 989 (Ch. 2024-140) |
|
| H 1611 (er) | Insurance | Insurance & Banking Subcommittee | Compare | Last Action: 5/13/2024 Chapter No. 2024-182 |
|
| S 1018 | Public Deposits | Ingoglia | Compare | Last Action: 3/8/2024 S Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/HB 989 (Ch. 2024-140) |
|
| S 1098 (c3) | Department of Financial Services | DiCeglie | Compare | Last Action: 3/6/2024 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 989 (Ch. 2024-140), CS/CS/HB 1611 (Ch. 2024-182) -SJ 884 |
|
Bill Text
| Version | Posted | Format |
|---|---|---|
| H 989 Filed | 12/21/2023 5:55 PM | |
| H 989 c1 | 1/29/2024 9:45 AM | |
| H 989 c2 | 2/6/2024 6:13 PM | |
| H 989 c3 | 2/26/2024 6:23 PM | |
| H 989 e1 | 2/29/2024 8:28 PM | |
| H 989 e2 | 3/13/2024 4:14 PM | |
| H 989 er | 3/14/2024 8:05 AM |
Committee Amendments
| Amendment | Sponsor | Filed | Last Committee Action | Format |
|---|---|---|---|---|
|
442469 - Strike All Amendment Remove everything after the enacting clause and insert: |
LaMarca |
1/24/2024 9:26 PM |
Adopted without Objection
1/25/2024 |
| Amendment | Sponsor | Filed | Last Committee Action | Format |
|---|---|---|---|---|
|
492603 - Amendment Remove lines 1140-1156 |
LaMarca |
2/5/2024 6:01 PM |
Adopted
2/6/2024 |
|
|
143637 - Amendment Remove lines 2001-2003 and insert: |
LaMarca |
2/5/2024 6:01 PM |
Adopted
2/6/2024 |
|
|
928171 - Amendment Remove lines 2301-2314 |
LaMarca |
2/5/2024 6:02 PM |
Adopted
2/6/2024 |
|
|
310417 - Amendment Remove lines 7692-7868 and insert: |
LaMarca |
2/5/2024 6:01 PM |
Adopted
2/6/2024 |
Floor Amendments
| Amendments | Sponsor | Filed | Last Floor Action | Format |
|---|---|---|---|---|
|
009191 - Amendment Remove line 881 and insert: |
LaMarca |
2/27/2024 3:56 PM |
House:
Adopted
2/29/2024 |
|
|
246769 - Amendment Remove lines 1616-1642 and insert: |
LaMarca |
2/27/2024 2:40 PM |
House:
Superseded by Substitute
2/29/2024 |
|
530611 - Substitute Amendment (246769) Remove lines 1616-1642 and insert: |
LaMarca |
2/27/2024 5:16 PM |
House:
Adopted
2/29/2024 |
| Amendments | Sponsor | Filed | Last Floor Action | Format |
|---|---|---|---|---|
|
383170 - Amendment Delete lines 401 - 443. |
DiCeglie |
3/6/2024 4:15 PM |
House:
Concur
3/7/2024 |
Web Page
|
|
919464 - Amendment Delete lines 1570 - 1672 and insert: |
DiCeglie |
3/6/2024 4:15 PM |
House:
Concurred as Amended
3/7/2024 |
Web Page
|
|
773673 - Amendment to Amendment (919464) Remove lines 5-138 of the amendment and insert: |
LaMarca |
3/7/2024 5:06 PM |
House:
Replaced by Engrossed Amendment
3/7/2024 |
|
|
198697 - Amendment to Amendment (773673) Remove line 87 of the amendment and insert: |
LaMarca |
3/7/2024 7:50 PM |
House:
Replaced by Engrossed Amendment
3/7/2024 |
|
|
658763 - Amendment to Amendment (919464) Remove lines 5-138 of the amendment and insert: |
LaMarca |
3/7/2024 11:02 PM |
Senate:
Concurred
3/8/2024 |
|
|
699538 - Amendment Between lines 2936 and 2937 insert: |
DiCeglie |
3/6/2024 4:15 PM |
House:
Concurred as Amended
3/7/2024 |
Web Page
|
|
895767 - Amendment to Amendment (699538) Remove lines 5-44 of the amendment and insert: |
Botana |
3/7/2024 8:21 PM |
Senate:
Concurred
3/8/2024 |
Bill Analyses
| Type | Analysis | Author | Posted | Format |
|---|---|---|---|---|
| House Message Summary | H 989 | Banking and Insurance | 3/8/2024 8:51 AM | |
| Bill Analysis | H 989 | Insurance & Banking Subcommittee (Post-Meeting) | 5/3/2024 11:06 AM | |
| Bill Analysis | H 989 | State Administration & Technology Appropriations Subcommittee (Post-Meeting) | 2/6/2024 6:06 PM | |
| Bill Analysis | H 989 | Commerce Committee (Post-Meeting) | 2/26/2024 6:22 PM |
Vote History - Committee
No Committee Vote History AvailableVote History - Floor
| Vote | Date | Chamber | Result |
|---|---|---|---|
| H 989 e1 | 3/1/2024 1:27 PM | House | 110 Yeas - 0 Nays |
| H 989 e1 | 3/6/2024 5:39 PM | Senate | 39 Yeas - 1 Nays |
|
H 989 e1
|
3/7/2024 9:48 PM | House | 49 Yeas - 45 Nays |
| H 989 e1 | 3/7/2024 9:53 PM | House | 92 Yeas - 9 Nays |
| H 989 e1 | 3/8/2024 11:07 AM | Senate | 37 Yeas - 2 Nays |
| H 989 e1 | 3/8/2024 11:35 AM | Senate | 35 Yeas - 3 Nays |
Citations - Statutes (97)
| Citation | Catchline | Location in Bill Location In Bill Help |
|---|---|---|
| 17.57 | Deposits and investments of state money. | Page 122 (pdf) |
| 17.68 | Financial Literacy Program for Individuals with Developmental Disabilities. | Page 124 (pdf) |
| 17.69 | Page 14 (pdf) | |
| 20.121 | Department of Financial Services. | Page 15 (pdf) |
| 24.114 | Bank deposits and control of lottery transactions. | Page 143 (pdf) |
| 112.1816 | Firefighters; cancer diagnosis. | Page 16 (pdf) |
| 121.0515 | Special Risk Class. | Page 18 (pdf) |
| 125.901 | Children’s services; independent special district; council; powers, duties, and functions; public records exemption. | Page 144 (pdf) |
| 136.01 | County depositories. | Page 145 (pdf) |
| 159.608 | Powers of housing finance authorities. | Page 146 (pdf) |
| 175.301 | Depository for pension funds. | Page 146 (pdf) |
| 175.401 | Retiree health insurance subsidy. | Page 149 (pdf) |
| 185.30 | Depository for retirement fund. | Page 149 (pdf) |
| 185.50 | Retiree health insurance subsidy. | Page 149 (pdf) |
| 190.007 | Board of supervisors; general duties. | Page 151 (pdf) |
| 191.006 | General powers. | Page 151 (pdf) |
| 197.582 | Disbursement of proceeds of sale. | Page 119 (pdf) |
| 215.34 | State funds; noncollectible items; procedure. | Page 151 (pdf) |
| 218.415 | Local government investment policies. | Page 153 (pdf) |
| 255.502 | Definitions; ss. 255.501-255.525. | Page 155 (pdf) |
| 280.02 | Definitions. | Page 69 (pdf), Page 124 (pdf) |
| 280.025 | Attestation required. | Page 129 (pdf) |
| 280.03 | Public deposits to be secured; prohibitions; exemptions. | Page 130 (pdf) |
| 280.042 | Page 130 (pdf) | |
| 280.05 | Powers and duties of the Chief Financial Officer. | Page 131 (pdf) |
| 280.051 | Grounds for suspension or disqualification of a qualified public depository. | Page 155 (pdf) |
| 280.052 | Order of suspension or disqualification; procedure. | Page 131 (pdf) |
| 280.053 | Period of suspension or disqualification; obligations during period; reinstatement. | Page 132 (pdf) |
| 280.055 | Cease and desist order; corrective order; administrative penalty. | Page 133 (pdf) |
| 280.07 | Mutual responsibility and contingent liability. | Page 134 (pdf) |
| 280.08 | Procedure for payment of losses. | Page 135 (pdf) |
| 280.085 | Notice to claimants. | Page 136 (pdf) |
| 280.09 | Public Deposits Trust Fund. | Page 137 (pdf) |
| 280.10 | Effect of merger, acquisition, or consolidation; change of name or address. | Page 139 (pdf) |
| 280.13 | Eligible collateral. | Page 140 (pdf) |
| 280.17 | Requirements for public depositors; notice to public depositors and governmental units; loss of protection. | Page 142 (pdf) |
| 280.18 | Protection of public depositors; liability of the state. | Page 156 (pdf) |
| 284.44 | Salary indemnification costs of state agencies. | Page 19 (pdf) |
| 331.309 | Treasurer; depositories; fiscal agent. | Page 156 (pdf) |
| 373.553 | Treasurer of the board; payment of funds; depositories. | Page 157 (pdf) |
| 440.13 | Medical services and supplies; penalty for violations; limitations. | Page 19 (pdf) |
| 440.385 | Florida Self-Insurers Guaranty Association, Incorporated. | Page 26 (pdf) |
| 497.101 | Board of Funeral, Cemetery, and Consumer Services; membership; appointment; terms. | Page 27 (pdf) |
| 497.153 | Disciplinary procedures and penalties. | Page 32 (pdf) |
| 497.155 | Disciplinary citations and minor violations. | Page 33 (pdf) |
| 497.172 | Public records exemptions; public meetings exemptions. | Page 33 (pdf) |
| 497.386 | Storage, preservation, and transportation of human remains. | Page 34 (pdf) |
| 497.469 | Page 36 (pdf) | |
| 624.307 | General powers; duties. | Page 37 (pdf) |
| 626.171 | Application for license as an agent, customer representative, adjuster, service representative, or reinsurance intermediary. | Page 38 (pdf) |
| 626.221 | Examination requirement; exemptions. | Page 40 (pdf) |
| 626.601 | Improper conduct; inquiry; fingerprinting. | Page 41 (pdf) |
| 626.7351 | Qualifications for customer representative’s license. | Page 42 (pdf) |
| 626.878 | Rules; code of ethics. | Page 43 (pdf) |
| 626.929 | Origination, acceptance, placement of surplus lines business. | Page 44 (pdf) |
| 627.351 | Insurance risk apportionment plans. | Page 45 (pdf) |
| 631.221 | Deposit of moneys collected. | Page 158 (pdf) |
| 631.59 | Duties and powers of department and office. | Page 46 (pdf) |
| 631.722 | Powers and duties of department and office. | Page 47 (pdf) |
| 631.821 | Powers and duties of the department. | Page 49 (pdf) |
| 631.921 | Department powers. | Page 50 (pdf) |
| 633.124 | Penalty for violation of law, rule, or order to cease and desist or for failure to comply with corrective order. | Page 51 (pdf) |
| 633.202 | Florida Fire Prevention Code. | Page 52 (pdf) |
| 633.206 | Uniform firesafety standards. | Page 53 (pdf) |
| 634.041 | Qualifications for license. | Page 54 (pdf) |
| 634.081 | Suspension or revocation of license; grounds. | Page 56 (pdf) |
| 634.3077 | Financial requirements. | Page 57 (pdf) |
| 634.317 | License and appointment required. | Page 61 (pdf) |
| 648.25 | Definitions. | Page 61 (pdf) |
| 648.26 | Department of Financial Services; administration. | Page 62 (pdf) |
| 648.30 | Licensure and appointment required; prohibited acts; penalties. | Page 63 (pdf) |
| 648.355 | Limited surety agents and professional bail bond agents; qualifications. | Page 63 (pdf) |
| 655.0323 | Unsafe and unsound practices. | Page 64 (pdf) |
| 717.101 | Definitions. | Page 71 (pdf) |
| 717.102 | Property presumed unclaimed; general rule. | Page 81 (pdf) |
| 717.106 | Bank deposits and funds in financial organizations. | Page 83 (pdf) |
| 717.1065 | Page 83 (pdf) | |
| 717.1101 | Unclaimed equity and debt of business associations. | Page 84 (pdf) |
| 717.112 | Property held by agents and fiduciaries. | Page 85 (pdf) |
| 717.1125 | Property held by fiduciaries under trust instruments. | Page 86 (pdf) |
| 717.117 | Report of unclaimed property. | Page 86 (pdf) |
| 717.119 | Payment or delivery of unclaimed property. | Page 93 (pdf) |
| 717.1201 | Custody by state; holder relieved from liability; reimbursement of holder paying claim; reclaiming for owner; defense of holder; payment of safe-deposit box or repository charges. | Page 95 (pdf) |
| 717.1242 | Restatement of jurisdiction of the circuit court sitting in probate and the department. | Page 99 (pdf) |
| 717.1243 | Small estate accounts. | Page 99 (pdf) |
| 717.129 | Periods of limitation. | Page 100 (pdf) |
| 717.1301 | Investigations; examinations; subpoenas. | Page 100 (pdf) |
| 717.1311 | Retention of records. | Page 106 (pdf) |
| 717.1322 | Administrative and civil enforcement. | Page 107 (pdf) |
| 717.1333 | Evidence; estimations; audit reports, examiner’s worksheets, investigative reports, other related documents. | Page 108 (pdf) |
| 717.134 | Penalties and interest. | Page 109 (pdf) |
| 717.135 | Recovery agreements and purchase agreements for claims filed by a claimant’s representative; fees and costs. | Page 110 (pdf) |
| 717.1382 | United States savings bond; unclaimed property; escheatment; procedure. | Page 121 (pdf) |
| 717.1400 | Registration. | Page 114 (pdf) |
| 723.06115 | Florida Mobile Home Relocation Trust Fund. | Page 158 (pdf) |
| 766.302 | Definitions; ss. 766.301-766.316. | Page 117 (pdf) |
| 766.314 | Assessments; plan of operation. | Page 118 (pdf) |
Citations - Constitution (0)
No Constitutional citations.
Citations - Chapter Law (0)
No Chapter Law citations.
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