Bill Amendment: FL S0806 | 2015 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: Regulation of Financial Institutions

Status: 2015-05-22 - Chapter No. 2015-64 [S0806 Detail]

Download: Florida-2015-S0806-Senate_Committee_Amendment_795412.html
       Florida Senate - 2015                        COMMITTEE AMENDMENT
       Bill No. CS for SB 806
       
       
       
       
       
       
                                Ì795412ÉÎ795412                         
       
                              LEGISLATIVE ACTION                        
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       The Committee on Rules (Diaz de la Portilla) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 153 and 154
    4  insert:
    5         Section 7. Section 663.021, Florida Statutes, is created to
    6  read:
    7         663.021 Civil action subpoena enforcement.—
    8         (1) Notwithstanding s. 655.059, an international
    9  representative office, international bank agency, international
   10  branch, international trust company representative office, or
   11  international administrative office established under this
   12  chapter is not required to produce a book or record pertaining
   13  to a deposit account, investment account, or loan of a customer
   14  of the international banking corporation’s offices that are
   15  located outside the United States or its territories in response
   16  to a subpoena if the book or record is maintained outside the
   17  United States or its territories and is not in the possession,
   18  custody, or control of the international banking corporation’s
   19  office, agency, or branch established in this state.
   20         (2) This section applies only to a subpoena issued pursuant
   21  to the Florida Rules of Civil Procedure, the Federal Rules of
   22  Civil Procedure, or other similar law or rule of civil procedure
   23  in another state. This section does not apply to a subpoena
   24  issued by or on behalf of a federal, state, or local government
   25  law enforcement agency, administrative or regulatory agency,
   26  legislative body, or grand jury and does not limit the power of
   27  the office to access all books and records in the exercise of
   28  the office’s regulatory and supervisory powers under the
   29  financial institutions codes.
   30  
   31  ================= T I T L E  A M E N D M E N T ================
   32  And the title is amended as follows:
   33         Delete line 24
   34  and insert:
   35         by a specified date; creating s. 663.021, F.S.;
   36         providing that specified entities of an international
   37         banking corporation are not required in response to a
   38         subpoena to produce certain books or records that are
   39         maintained outside the United States or its
   40         territories and are not in the entities’ possession,
   41         custody, or control; specifying the applicability of
   42         the section to certain types of subpoenas; providing
   43         that the section does not limit certain regulatory and
   44         supervisory powers of the office; reenacting ss.
   45         655.960(8) and

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