Bill Text: SC H4502 | 2021-2022 | 124th General Assembly | Introduced
Bill Title: Bank Reporting Requirements
Spectrum: Moderate Partisan Bill (Republican 9-1)
Status: (Introduced - Dead) 2022-01-12 - Member(s) request name added as sponsor: Jones [H4502 Detail]
Download: South_Carolina-2021-H4502-Introduced.html
A BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 34-3-120 SO AS TO PROVIDE THAT A BANK MAY NOT ALLOW A GOVERNMENTAL TAX COLLECTION AGENCY TO COLLECT CERTAIN CUSTOMER DATA.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 1, Chapter 3, Title 34 of the 1976 Code is amended by adding:
"Section 34-3-120. Notwithstanding any other provision of law, a bank may not allow a governmental tax collection agency to collect customer data relating to a customer's account balances, deposits, or withdrawals."
SECTION 2. If any section, subsection, paragraph, subparagraph, sentence, clause, phrase, or word of this act is for any reason held to be unconstitutional or invalid, such holding shall not affect the constitutionality or validity of the remaining portions of this act, the General Assembly hereby declaring that it would have passed this , and each and every section, subsection, paragraph, subparagraph, sentence, clause, phrase, and word thereof, irrespective of the fact that any one or more other sections, subsections, paragraphs, subparagraphs, sentences, clauses, phrases, or words hereof may be declared to be unconstitutional, invalid, or otherwise ineffective.
SECTION 3. This act takes effect upon approval by the Governor.
