Florida HB 175: Judgment Liens
Status: Laid on Table, companion bill(s) passed, see CS/SB 984 (Ch. 2024-233) (as of 2024-03-05)
State: Florida · Session: 2024 · Bill: HB 175
Subjects: subject index
Sponsors: Benjamin, Civil Justice Subcommittee
Bill Text
ENROLLED CS/CS/HB 175, Engrossed 1 2026 Legislature CODING: Words stricken are deletions; words underlined are additions. hb175 -03-er Page 1 of 48 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S 1 An act relating to payment stablecoin; amending s. 2 560.103, F.S.; revising the definition of the term 3 "money services business"; defining terms; amending s. 4 560.123, F.S.; revising the Florida Control of Money 5 Laundering in Money Services Business Act to include 6 payment stablecoins; requiring certain payment 7 stablecoin issuers to comply with certain regulations; 8 requiring qualified payment stablecoin issuers to 9 submit a specified certification to the Office of 10 Financial Regulation annually; requiring the office to 11 make such certifications available to the Secretary of 12 the Treasury upon request; authorizing the office to 13 revoke the license of qualified payment stablecoin 14 issuers under certain circumstances and to refer 15 certain matters to specified entities; amending s. 16 560.125, F.S.; revising the circumstances relating to 17 violations of certain provisions; revising penalties; 18 creating part V of ch. 560, F.S., entitled "Payment 19 Stablecoin Issuers"; creating s. 560.501, F.S.; 20 defining terms; prohibiting persons from engaging in 21 the activity of a qualified payment stablecoin issuer 22 without being licensed or exempted from licensure; 23 requiring the office to give a specified written 24 notice under certain circumstances; providing 25 ENROLLED CS/CS/HB 175, Engrossed 1 2026 Legislature CODING: Words stricken are deletions; words underlined are additions. hb175 -03-er Page 2 of 48 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S applicability; requiring out-of-state state-qualified 26 payment stablecoin issuers to provide a specified 27 written notice to the office within a specified 28 timeframe; specifying that certain transactions are 29 not regulated under certain provisions; specifying 30 that certain payment stablecoin is not a security and 31 not subject to certain provisions; requiring certain 32 qualified payment stablecoin issuers to comply with 33 certain requirements; requiring certain qualified 34 payment stablecoin issuers to provide a specified 35 notice to the office; specifying that qualified 36 payment stablecoin issuers are subject to certain 37 provisions; specifying that the office remains solely 38 responsible for supervising qualified payment 39 stablecoin issuers or is jointly responsible with the 40 Office of the Comptroller of the Currency for such 41 supervision under certain circumstances; authorizing 42 the office to enter into an specified agreement; 43 creating s. 560.502, F.S.; requiring applicants 44 seeking to be qualified payment stablecoin issuers to 45 submit a specified application to the office; 46 specifying requirements of such application; requiring 47 the office to comply with certain requirements; 48 authorizing certain information to be incorporated 49 into other licensing application forms; creating s. 50 ENROLLED CS/CS/HB 175, Engrossed 1 2026 Legislature CODING: Words stricken are deletions; words underlined are additions. hb175 -03-er Page 3 of 48 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S 560.503, F.S.; specifying that qualified payment 51 stablecoin issuer licenses authorize issuers to engage 52 only in certain activities; creating s. 560.504, F.S.; 53 requiring qualified payment stablecoin issuers to 54 comply with certain requirements; providing criminal 55 penalties; prohibiting qualified payment stablecoin 56 issuers from engaging in certain conduct; creating s. 57 560.505, F.S.; requiring the office to submit initial 58 certification to a specified committee on a specified 59 form in accordance with a specified timeline; 60 requiring the office to submit a specified additional 61 certification no later than a specified date; 62 requiring the office to comply with certain 63 requirements; creating s. 560.506, F.S.; requiring the 64 Financial Services Commission to adopt specified 65 rules; amending s. 655.50, F.S.; revising the 66 definition of the term "monetary instruments"; 67 requiring qualified payment stablecoin issuers to 68 comply with certain provisions; requiring qualified 69 payment stablecoin issuers to submit to the office a 70 specified certification no later than a specified 71 date; requiring the office to make such certification 72 available to the Secretary of the Treasury upon 73 request; authorizing the office to revoke the license 74 of qualified payment stablecoin issuers and to refer 75 ENROLLED CS/CS/HB 175, Engrossed 1 2026 Legislature CODING: Words stricken are deletions; words underlined are additions. hb175 -03-er Page 4 of 48 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S certain matters to specified entities; amending s. 76 658.19, F.S.; revising the application requirements 77 for the application for authority to organize a ba
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