DATA PROCESSING-OWNERSHIP
Summary
Amends the Data Processing Services for Financial Institutions Act. Changes the definition of "financial institution" to remove a depository institution and include a bank, savings bank, credit union, or a foreign banking corporation that receives certificates of authority from the Department of Financial and Professional Regulation (rather than the Office of Banks and Real Estate). Provides that if a financial institution makes data available to an independent data processing servicer, the data shall remain the property of the financial institution. Effective immediately.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2017
Committee Review
May 2017
House Passage
May 2017
Senate Passage
May 2017
Signed into Law
Aug 2017
Introduced Apr 4, 2017
Signed Aug 18, 2017
Floor votes · Senate May 25, 2017 · House Mar 30, 2017
How they voted
44–0
Passed · 4 other
Total votes 48
May 25, 2017
D
Democratic28
89% Yea
R
Republican20
95% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
32
Key actions
7
Committee
8
Amendments
2
Aug 18, 2017
Signed into law
Governor Approved
lower
May 25, 2017
Lower · Passed
Passed Both Houses
lower
May 10, 2017
Upper · Passed
Do Pass Financial Institutions; 007-000-000
upper
Apr 25, 2017
Committee
Assigned to Financial Institutions
upper
Apr 4, 2017
Committee
Referred to Assignments
upper
Apr 4, 2017
Introduced
Arrive in Senate
upper
Mar 30, 2017
House · Passed
House Vote: pass (92-0-8)
house
Mar 23, 2017
Lower · Passed
House Floor Amendment No. 1 Adopted
lower
Mar 21, 2017
Lower · Passed
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000
lower
Mar 15, 2017
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
Mar 15, 2017
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. C.D. Davidsmeyer
lower
Mar 7, 2017
Lower · Passed
Do Pass / Short Debate Financial Institutions Committee; 010-000-000
lower
Feb 22, 2017
Committee
Assigned to Financial Institutions Committee
lower
Feb 9, 2017
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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