South Carolina General Assembly
124th Session, 2021-2022

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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

View the latest legislative information at the website

VERSIONS OF THIS BILL

11/10/2021

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

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.

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This web page was last updated on January 12, 2022 at 2:35 PM