Banking and Insurance Committee, Florida State Senate

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The Banking and Insurance Committee is a standing committee of the Florida State Senate.

Per the Senate Rules, committees of the Florida State Senate are assigned by the President of the Senate.[1] The rules do not specify when or how often committees are assigned. The President shall appoint a chair and vice-chair for each standing committee and subcommittee.[2] A majority makes up a committee's quorum.[3]

DocumentIcon.jpg See rules: Senate Rules and Manual 2012-2014

Function

The Banking and Insurance Committee examines legislation in the following subject areas:
  • Regulation of state chartered financial institutions (banks, credits unions, etc.), Regulation of credit, debt, and lending activities, Securities regulation, Money services businesses (check cashers and money transmitters), Regulation of insurance companies and agents and Regulation of insurance products.[4][5]
Powers and responsibilities of committees:

(1) Permanent standing committees and standing subcommittees are authorized:

(a) To maintain a continuous review of the work of the state agencies concerned with their subject areas and the performance of the functions of government within each subject area;
(b) To invite public officials, employees, and private individuals to appear before the committees or subcommittees to submit information;
(c) To request reports from departments performing functions reasonably related to the committees’ jurisdictions; and
(d) To complete the interim work assigned by the President.

(2) In standing subcommittee has the reasonable right and authority to inspect and investigate the books, records, papers, documents, data, operation, and physical plant of any public agency in this state.
(3) In order to carry out the committee’s duties, the chair of each standing committee, standing subcommittee, and select committee may request the President to issue subpoenas, subpoenas duces tecum, and order to carry out its duties, each standing committee or other necessary process to compel the attendance of witnesses and the production of any books, letters, or other documentary evidence required by such committee. The President may issue said process at the request of the committee chair. Any member of a standing committee, standing subcommittee, or select committee may administer all oaths and affirmations, in the manner prescribed by law, to witnesses who appear before such committees to testify in any matter requiring evidence.[6][5]

Committee members

2013-2014

The following table describes committee membership at the beginning of the 2013 legislative session.

Banking and Insurance Members, 2013
Democratic members (4)Republican members (8)
Jeff Clemens, Vice-chairDavid Simmons, Chair
Gwen MargolisLizbeth Benacquisto
Bill MontfordNancy Detert
Jeremy RingMiguel Diaz de la Portilla
Alan Hays
Tom Lee
Joe Negron
Garrett Richter

2010-2012

The following table describes committee membership for the 2011 legislative session.

External links

References