CS/SB 988: Securities
GENERAL BILL by Banking and Insurance ; Truenow
Securities; Revising the circumstances under which securities transactions are exempt from registration requirements; revising the filing requirements for securities issuers under the Florida Invest Local Exemption law; revising the list of persons who must submit fingerprints for live-scan processing for registration applications; defining the term “restitution order”, etc.
Effective Date: Upon becoming a law
Last Action: 3/12/2025 Senate - CS by Banking and Insurance read 1st time
Bill Text: Web Page | PDF
Last Action: 3/12/2025 Senate - CS by Banking and Insurance read 1st time
Bill Text: Web Page | PDF
Senate Committee References:
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Bill History
Date Chamber Action 2/21/2025 Senate • Filed
2/28/2025 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
3/4/2025 Senate • Introduced
3/5/2025 Senate • On Committee agenda-- Banking and Insurance, 03/10/25, 1:30 pm, 412 Knott Building
3/10/2025 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0
3/12/2025 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Appropriations Committee on Agriculture, Environment, and General Government
• CS by Banking and Insurance read 1st time
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CS/SB 988, Committee Substitute 1 (Current Bill Version) Posted 3/12/2025 at 1:43 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 379 (c1) Securities Barnaby Similar Last Action: 3/11/2025 H Now in Commerce Committee 
Citations - Statutes (13)
Citation Catchline Location in Bill Location In Bill Help 517.021 Definitions. Page 3 (pdf) 517.061 Exempt transactions. Page 4 (pdf) 517.0612 Florida Invest Local Exemption. Page 11 (pdf) 517.0614 Integration of offerings. Page 12 (pdf) 517.0616 Disqualification. Page 12 (pdf) 517.075 Cuba, prospectus disclosure of doing business with, required. Page 13 (pdf) 517.081 Registration procedure. Page 13 (pdf) 517.12 Registration of dealers, associated persons, intermediaries, and investment advisers. Page 15 (pdf) 517.131 Securities Guaranty Fund. Page 34 (pdf) 517.211 Private remedies available in cases of unlawful sale. Page 38 (pdf) 517.301 Fraudulent transactions; falsification or concealment of facts. Page 37 (pdf) 517.315 Fees. Page 40 (pdf) 517.34 Protection of specified adults. Page 38 (pdf) -
SB 988, Original Filed Version Posted 2/21/2025 at 1:26 PM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 3/7/2025 (pdf)
Banking and Insurance (Post-Meeting) 3/13/2025 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 379 (c1) Securities Barnaby Similar Last Action: 3/11/2025 H Now in Commerce Committee
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 573800 - Amendment (Delete All)
Delete everything after the enacting clause and insert:Banking and Insurance
(Truenow)3/7/2025
12:57 PMReplaced by Committee Substitute
3/12/2025Web Page
PDFCommittee Votes (1)
Date Committee Result 3/10/2025 1:30 PM Banking and Insurance 10 Yeas - 0 Nays Citations - Statutes (12)
Citation Catchline Location in Bill Location In Bill Help 517.021 Definitions. Page 2 (pdf) 517.061 Exempt transactions. Page 3 (pdf) 517.0612 Florida Invest Local Exemption. Page 10 (pdf) 517.0614 Integration of offerings. Page 11 (pdf) 517.0616 Disqualification. Page 11 (pdf) 517.075 Cuba, prospectus disclosure of doing business with, required. Page 12 (pdf) 517.081 Registration procedure. Page 12 (pdf) 517.12 Registration of dealers, associated persons, intermediaries, and investment advisers. Page 14 (pdf) 517.131 Securities Guaranty Fund. Page 34 (pdf) 517.211 Private remedies available in cases of unlawful sale. Page 38 (pdf) 517.301 Fraudulent transactions; falsification or concealment of facts. Page 38 (pdf) 517.315 Fees. Page 39 (pdf)