CS/CS/HB 3: Government and Corporate Activism

GENERAL BILL by State Affairs Committee, Commerce Committee, Rommel, Sirois; (CO-INTRODUCERS) Black, Borrero, Botana, Buchanan, Fabricio, Giallombardo, Gregory, Holcomb, Jacques, Leek, Maggard, Massullo, McClain, Overdorf, Plakon, Roth, Snyder

Government and Corporate Activism; Revises provisions relating to deposits & investments of state money, retirement system & trust fund assets, & public funds; defined contribution plans; bonds; government contracts; financial institutions; consumer finance; money services businesses; & unfair & deceptive trade practices.

Current Bill Version Posted: 4/19/2023 06:48 PM

• Senate Committee References (1)

  1. Fiscal Policy (FP)

• Related Bills (1)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  S 302 (c1) by Grall Government and Corporate Activism Last Action: 4/18/2023 S Laid on Table, companion bill(s) passed, see CS/CS/HB 3 (Ch. 2023-28) -SJ 419	Identical

• Citations - Statute (28)

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  17.57	Deposits and investments of state money.	Page 8 (pdf)
  17.61	Chief Financial Officer; powers and duties in the investment of certain funds.	Page 50 (pdf)
  20.058	Citizen support and direct-support organizations.	Page 9 (pdf)
  112.656	Fiduciary duties; certain officials included as fiduciaries.	Page 10 (pdf)
  112.661	Investment policies.	Page 11 (pdf)
  112.662		Page 11 (pdf)
  175.071	General powers and duties of board of trustees.	Page 14 (pdf)
  185.06	General powers and duties of board of trustees.	Page 17 (pdf)
  215.44	Board of Administration; powers and duties in relation to investment of trust funds.	Page 51 (pdf)
  215.47	Investments; authorized securities; loan of securities.	Page 20 (pdf)
  215.475	Investment policy statement.	Page 22 (pdf)
  215.4755	Certification and disclosure requirements for investment advisers and managers.	Page 22 (pdf)
  215.681		Page 24 (pdf)
  215.855		Page 27 (pdf)
  218.415	Local government investment policies.	Page 29 (pdf)
  280.02	Definitions.	Page 31 (pdf)
  280.025		Page 33 (pdf)
  280.05	Powers and duties of the Chief Financial Officer.	Page 33 (pdf)
  280.051	Grounds for suspension or disqualification of a qualified public depository.	Page 36 (pdf)
  280.054	Administrative penalty in lieu of suspension or disqualification.	Page 36 (pdf)
  280.055	Cease and desist order; corrective order; administrative penalty.	Page 37 (pdf)
  287.05701		Page 38 (pdf)
  516.037		Page 39 (pdf)
  560.1115		Page 42 (pdf)
  560.114	Disciplinary actions; penalties.	Page 44 (pdf)
  655.005	Definitions.	Page 45 (pdf)
  655.0323		Page 46 (pdf)
  1010.04	Purchasing.	Page 49 (pdf)

• Bill History

  S = Senate, H = House

  2/20/2023	H	• Filed
  2/28/2023	H	• Referred to Commerce Committee • Referred to State Affairs Committee • Now in Commerce Committee
  3/6/2023	H	• Added to Commerce Committee agenda
  3/7/2023	H	• 1st Reading (Original Filed Version)
  3/8/2023	H	• Favorable with CS by Commerce Committee
  3/9/2023	H	• Reported out of Commerce Committee
  3/10/2023	H	• Laid on Table under Rule 7.18(a) • CS Filed • Referred to State Affairs Committee • Now in State Affairs Committee • Added to State Affairs Committee agenda
  3/13/2023	H	• 1st Reading (Committee Substitute 1)
  3/14/2023	H	• Favorable with CS by State Affairs Committee • Reported out of State Affairs Committee • Laid on Table under Rule 7.18(a) • CS Filed
  3/15/2023	H	• Bill referred to House Calendar • 1st Reading (Committee Substitute 2) • Added to Second Reading Calendar
  3/20/2023	H	• Bill added to Special Order Calendar (3/23/2023)
  3/23/2023	H	• Read 2nd time • Amendment 775811 Failed • Amendment 742593 Failed • Amendment 147429 Failed • Placed on 3rd reading • Added to Third Reading Calendar
  3/24/2023	H	• Read 3rd time • CS passed; YEAS 80, NAYS 31
  3/24/2023	S	• In Messages
  3/27/2023	S	• Referred to Fiscal Policy
  3/28/2023	S	• Received
  4/18/2023	S	• Withdrawn from Fiscal Policy -SJ 418 • Placed on Calendar, on 2nd reading • Substituted for CS/SB 302 -SJ 419 • Read 2nd time -SJ 418 • Placed on 3rd reading
  4/19/2023	S	• Read 3rd time -SJ 431 • CS passed; YEAS 28 NAYS 12 -SJ 432 • Immediately certified -SJ 438
  4/19/2023	H	• In Messages • Ordered enrolled
  5/2/2023		• Signed by Officers and presented to Governor • Approved by Governor • Chapter No. 2023-28