CS/CS/HB 431 -  Financial Institutions

by Commerce Committee and Insurance & Banking Subcommittee and Barnaby and Snyder (CO-SPONSORS) Benjamin
Provides that failure of foreign nationals to participate through video conference in certain hearings is grounds for denial of certain applications; revises quantity of assets mutual financial institutions may not sell to stock financial institutions, subject to certain conditions; requires OFR, upon receiving applications for authority to organize bank or trust company, to investigate need for target market & ability of primary service area or target market to support proposed & existing banks or trust facilities; authorizes office to waive requirement that certain proposed financial institution presidents or chief executive officers have certain experience within specified timeframe; requires person or group to notify office within specified timeframe upon acquiring controlling interest in state bank or state trust company; revises type of institution with which certain family trust companies are required to maintain deposit account; revises banks with which international bank agencies and international branches are required to maintain certain deposits or investment securities; requires qualified limited service affiliates to suspend certain permissible activities under certain circumstances.
Effective Date: July 1, 2022
Last Event: Companion Bill passed, refer to CS/SB 1680 on Thursday, March 3, 2022 6:04 PM; HB Laid on Table

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill Text

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table, refer to CS/SB 1680 Time: 03/03/2022 - 6:04 PM Member: Committee: Version: c2
Event: H Substituted CS/SB 1680 Time: 03/03/2022 - 6:04 PM Member: Committee: Version: c2
Event: H Bill added to Special Order Calendar (3/3/2022) Time: 02/28/2022 - 10:01 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 02/18/2022 - 5:05 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 02/18/2022 - 5:05 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 02/17/2022 - 9:56 PM Member: Committee: Version: c2
Event: H CS Filed Time: 02/17/2022 - 4:24 PM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.18(a) Time: 02/17/2022 - 4:24 PM Member: Committee: Version: c1
Event: H Reported out of Commerce Committee Time: 02/17/2022 - 4:19 PM Member: Committee: Commerce Committee Version: c1
Event: H Favorable with CS by Commerce Committee Time: 02/17/2022 - 3:42 PM Member: Committee: Commerce Committee Version: c1
Event: H Added to Commerce Committee agenda Time: 02/15/2022 - 3:52 PM Member: Committee: Commerce Committee Version: c1
Event: H Now in Commerce Committee Time: 02/03/2022 - 4:52 PM Member: Committee: Commerce Committee Version: c1
Event: H Reported out of State Administration & Technology Appropriations Subcommittee Time: 02/03/2022 - 4:52 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Favorable by State Administration & Technology Appropriations Subcommittee Time: 02/03/2022 - 1:22 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Added to State Administration & Technology Appropriations Subcommittee agenda Time: 02/01/2022 - 4:12 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Now in State Administration & Technology Appropriations Subcommittee Time: 01/25/2022 - 9:15 AM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Referred to Commerce Committee Time: 01/25/2022 - 9:15 AM Member: Committee: Commerce Committee Version: c1
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 01/25/2022 - 9:15 AM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H 1st Reading Time: 01/24/2022 - 5:21 PM Member: Committee: Version: c1
Event: H CS Filed Time: 01/21/2022 - 5:47 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 01/21/2022 - 5:47 PM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 01/21/2022 - 5:41 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 01/19/2022 - 6:40 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H PCS added to Insurance & Banking Subcommittee agenda Time: 01/14/2022 - 3:32 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 01/11/2022 - 9:25 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 11/10/2021 - 3:18 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 11/10/2021 - 3:18 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 11/10/2021 - 3:18 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 11/10/2021 - 3:18 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 10/28/2021 - 11:02 AM Member: Barnaby Committee: Version: __