CS/HB 1549: Financial Services

GENERAL BILL by Insurance & Banking Subcommittee, Maggard; (CO-INTRODUCERS) Redondo, Salzman

Financial Services ; Requires state financial institutions to pay semiannual assessment for specified time periods; requires that semiannual assessment be received by Office of Financial Regulation in specified manner & by specified dates; authorizes office to issue specified certificate under certain circumstances; authorizes certain elected officers, directors, or committee members of credit union to be reimbursed for certain expenses; revises timeframe for certain requirements by directors of proposed bank or trust company; revises timeframe within which bank or trust company corporation is required to open & conduct specified business.

Current Bill Version Posted: 5/2/2025 05:22 PM

• Senate Committee References (1)

  1. Fiscal Policy (FP)

• Related Bills (3)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  S 1612 (c2) by Grall Financial Services Last Action: 4/30/2025 S Laid on Table, refer to CS/HB 1549 -SJ 976	Similar
  H 643 (c2) by Insurance & Banking Subcommittee Insurance Last Action: 5/3/2025 S Indefinitely postponed and withdrawn from consideration	Compare
  S 1184 (c1) by DiCeglie Residual Market Insurers Last Action: 5/3/2025 S Indefinitely postponed and withdrawn from consideration	Compare

• Citations - Statute (15)

  The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
  
  The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.

  560.103	Definitions.	Page 2 [pdf]
  626.914	Definitions.	Page 3 [pdf]
  626.916	Eligibility for export.	Page 3 [pdf]
  626.918	Eligible surplus lines insurers.	Page 6 [pdf]
  626.932	Surplus lines tax.	Page 7 [pdf]
  626.9325	Service fee.	Page 8 [pdf]
  626.9541	Unfair methods of competition and unfair or deceptive acts or practices defined.	Page 8 [pdf]
  627.715	Flood insurance.	Page 14 [pdf]
  655.047	Assessments; financial institutions.	Page 15 [pdf]
  655.414	Acquisition of assets; assumption of liabilities.	Page 16 [pdf]
  657.002	Definitions.	Page 17 [pdf]
  657.028	Activities of directors, officers, committee members, employees, and agents.	Page 17 [pdf]
  657.043	Reserves.	Page 18 [pdf]
  658.235	Subscriptions for stock; approval of major shareholders.	Page 18 [pdf]
  658.25	Opening for business.	Page 19 [pdf]

• Bill History

  S = Senate, H = House

  2/28/2025	H	• Filed
  3/4/2025	H	• 1st Reading (Original Filed Version)
  3/5/2025	H	• Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee
  3/18/2025	H	• Added to Insurance & Banking Subcommittee agenda
  3/20/2025	H	• Favorable with CS by Insurance & Banking Subcommittee
  3/21/2025	H	• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed
  3/24/2025	H	• 1st Reading (Committee Substitute 1) • Referred to Commerce Committee • Now in Commerce Committee
  3/27/2025	H	• Added to Commerce Committee agenda
  3/31/2025	H	• Favorable by Commerce Committee
  4/2/2025	H	• Reported out of Commerce Committee • Bill released to House Calendar • Added to Second Reading Calendar
  4/10/2025	H	• Bill added to Special Order Calendar (4/16/2025)
  4/16/2025	H	• Read 2nd time • Placed on 3rd reading • Added to Third Reading Calendar • Read 3rd time • CS passed; YEAS 116, NAYS 0
  4/16/2025	S	• In Messages • Referred to Fiscal Policy
  4/22/2025	S	• Received
  4/30/2025	S	• Withdrawn from Fiscal Policy -SJ 976 • Placed on Calendar, on 2nd reading • Substituted for CS/CS/SB 1612 -SJ 976 • Read 2nd time -SJ 976 • Amendment(s) adopted (102254) • Placed on 3rd reading • Read 3rd time -SJ 1008 • CS passed as amended; YEAS 27 NAYS 10 -SJ 1008
  4/30/2025	H	• In Messages
  5/2/2025	H	• Senate Message List • Amendment 458307 adopted • Concurred in Senate amendment 102254 as amended • CS passed as amended; YEAS 114, NAYS 0
  5/2/2025	S	• In returning messages • Concurred in House amendment(s) to Senate amendment(s) (458307) -SJ 1136 • CS passed as amended; YEAS 36 NAYS 1 -SJ 1136
  5/2/2025	H	• In Messages • Ordered engrossed, then enrolled