SB 63 - Roberts, Steven
Creates new provisions relating to financial institutions
Bill Details
Sponsor
LR Number
0564S.01T
Title
SB 63
House Handler
Journal Page
S2816
Co-Sponsors
Effective Date
August 28, 2023
Committee
Current Status
Signed by Governor
Quick Links
Amendments
CURRENT BILL SUMMARY
SB 63 - This act allows any entity that operates as a marijuana facility licensed or certified under Article XIV of the Constitution of Missouri to request in writing that a state or local licensing authority or agency, including but not limited to the Department of Health and Senior Services or Department of Revenue, share the entity's application, license, or other regulatory and financial information with a banking institution. Such written request must include a waiver giving authorization for the transfer of the individualized data, information, or records and waiving any confidentiality or privilege that applies to that individualized data, information, or records. A state or local licensing authority or agency is permitted to share the entity's information with the banking institution's state and federal supervisory agencies as well.
This act is identical to a provision in the truly agreed to and finally passed CCS/HCS/SB 186 (2023)and SCS/HCS/HB 725 (2023) and substantially similar to HCS/HB 425 (2023), SCS/SB 716 (2022), a provision in HCS/SS/SCS/SB 931 (2022), and SCS/SB 489 (2021).
SCOTT SVAGERA