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H. 4502
STATUS INFORMATION
General Bill
Sponsors: Reps. Burns, Huggins, Oremus, Forrest, McKnight, Bustos, Bennett, Ballentine, McGarry and Jones
Document Path: l:\council\bills\jn\3449sa22.docx
Introduced in the House on January 11, 2022
Currently residing in the House Committee on Labor, Commerce and Industry
Summary: Bank Reporting Requirements
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 11/10/2021 House Prefiled 11/10/2021 House Referred to Committee on Labor, Commerce and Industry 1/11/2022 House Introduced and read first time (House Journal-page 38) 1/11/2022 House Referred to Committee on Labor, Commerce and Industry (House Journal-page 38) 1/12/2022 House Member(s) request name added as sponsor: Jones
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VERSIONS OF THIS 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.
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January 12, 2022 at 2:35 PM