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IntroducedFeb 20, 2025
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Passed SenateMay 07, 2025
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Passed House
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Signed into Law
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 39-73-10, RELATING TO STATE COMMODITY CODE DEFINITIONS, SO AS TO PROVIDE THAT THE ADMINISTRATOR OF THE STATE COMMODITY CODE BE THE SOUTH CAROLINA ATTORNEY GENERAL; BY AMENDING SECTION 39-73-40, RELATING TO TRANSACTIONS WHERE PROHIBITION IS NOT APPLICABLE, SO AS TO ADD AN AGENT OR INVESTMENT ADVISOR REPRESENTATIVE AS INDIVIDUALS SUBJECT TO AN ORDER TO DENY, SUSPEND, OR REVOKE A PERSON'S LICENSE; BY AMENDING SECTION 39-73-60, RELATING TO PROHIBITED ACTS, SO AS TO REPLACE SECTION 39-73-310 WITH SECTION 39-73-30; BY AMENDING SECTION 39-73-80, RELATING TO STATE SECURITIES LAWS, SO AS TO MAKE CONFORMING CHANGES; BY AMENDING SECTION 39-73-315, RELATING TO ADMINISTRATOR ACTIONS TO PREVENT VIOLATIONS OR IMMINENT VIOLATIONS, SO AS TO PROVIDE THAT THE ADMINISTRATOR CAN ISSUE AN ORDER RELATED TO ANY ACTION THAT MAY VIOLATE THIS CHAPTER; BY AMENDING SECTION 39-73-320, RELATING TO LEGAL, EQUITABLE, AND SPECIAL REMEDIES AVAILABLE TO A COURT FOR ENFORCEMENT, SO AS TO PROVIDE THAT THE ADMINISTRATOR MAY MAINTAIN AN ACTION IN THE RICHLAND COUNTY COURT OF COMMON PLEAS; BY AMENDING SECTION 39-73-325, RELATING TO PENALTIES FOR VIOLATIONS, SO AS TO PROVIDE THAT THE ADMINISTRATOR MAY REFER VIOLATIONS TO THE APPROPRIATE DIVISION OF THE ATTORNEY GENERAL'S OFFICE OR OTHER AUTHORITY; BY AMENDING SECTION 39-73-330, RELATING TO THE ADMINISTRATION OF THIS CHAPTER, SO AS TO MAKE CONFORMING CHANGES; BY AMENDING SECTION 39-73-340, RELATING TO THE AUTHORITY TO PROMULGATE REGULATIONS, FORMS, AND ORDERS, SO AS TO MAKE CONFORMING CHANGES; BY AMENDING SECTION 39-73-350, RELATING TO THE APPLICABILITY OF SECTIONS 39-73-20, 39-73-50, AND 39-73-60 TO PERSONS WHO SELL, BUY, OR OFFER TO SELL OR BUY COMMODITIES IN THIS STATE, SO AS TO PROVIDE GUIDELINES FOR APPLICABLE RADIO AND TELEVISION COMMUNICATIONS; BY AMENDING SECTION 39-73-360, RELATING TO JUDICIAL REVIEW, SO AS TO PROVIDE GUIDELINES; BY AMENDING SECTION 39-73-370, RELATING TO DEFENSE IN A CASE BASED ON FAILURE TO MAKE PHYSICAL DELIVERY, SO AS TO MAKE CONFORMING CHANGES; BY ADDING SECTION 39-73-375 SO AS TO PROVIDE THAT THE ATTORNEY GENERAL MAY RETAIN FUNDS FROM FINES AND PENALTIES TO OFFSET RELEVANT EXPENSES; BY ADDING SECTION 39-73-400 SO AS TO PROVIDE FOR SEVERABILITY OF THIS CHAPTER; AND BY REPEALING SECTION 39-73-355 RELATING TO ADMINISTRATIVE PROCEEDINGS.
Last Action See all actions
House • May 08, 2025: Referred to Committee on Labor, Commerce and Industry
Latest Bill Text See all bill texts
Companion Bills
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 39-73-10, RELATING TO STATE COMMODITY CODE DEFINITIONS, SO AS TO PROVIDE THAT THE ADMINISTRATOR OF THE STATE COMMODITY CODE BE THE SOUTH CAROLINA ATTORNEY GENERAL; BY AMENDING SECTION 39-73-40, RELATING TO TRANSACTIONS WHERE PROHIBITION IS NOT APPLICABLE, SO AS TO ADD AGENTS OR INVESTMENT ADVISOR REPRESENTATIVES AS INDIVIDUALS SUB...
Summary/Bill Text
Sponsors
Votes
YES: 43
- Adams, Brian
- Alexander, Thomas C.
- Bennett, Sean M.
- Blackmon, Allen
- Campsen, George E., III
- Cash, Richard J.
- Chaplin, JD
- Corbin, Thomas D.
- Cromer, Ronnie W.
- Davis, Tom
- Devine, Tameika Isaac
- Elliott, Jason
- Fernandez, Tom
- Gambrell, Michael W.
- Garrett, Billy
- Goldfinch, Stephen L.
- Graham, Jeffrey R.
- Grooms, Lawrence K.
- Hembree, Greg
- Hutto, Brad
- Jackson, Darrell
- Johnson, Michael
- Kennedy, Carlisle
- Kimbrell, Josh
- Matthew W. "Matt" Leber
- Martin, Shane R.
- Massey, A. Shane
- Matthews, Margie Bright
- Nutt, Roger A.
- Ott, Russell L.
- Peeler, Harvey S., Jr.
- Reichenbach, Mike
- Rice, Rex F.
- Sabb, Ronnie A.
- Stubbs, Everett
- Sutton, Ed
- Deon T. Tedder
- Turner, Ross
- Verdin, Daniel B., III
- Walker, Overture
- Williams, Kent M.
- Young, Tom, Jr.
- Zell, Jeff
NO: 0
ABSTAIN: 1
Actions
- May 08, 2025 | House
- Introduced and read first time
- Referred to Committee on Labor, Commerce and Industry
- May 07, 2025 | Senate
- Read third time and sent to House
- May 06, 2025 | Senate
- Read second time
- Roll call Ayes-43 Nays-0
- May 01, 2025 | legislature
- Scrivener's error corrected
- Apr 29, 2025 | Senate
- Polled out of committee Labor, Commerce and Industry
- Committee report: Favorable Labor, Commerce and Industry
- Apr 16, 2025 | Senate
- Recalled from Committee on Agriculture and Natural Resources
- Committed to Committee on Labor, Commerce and Industry
- Mar 11, 2025 | Senate
- Referred to Subcommittee: Young (ch), Williams, Elliott, Ott, Stubbs
- Feb 20, 2025 | Senate
- Introduced and read first time
- Referred to Committee on Agriculture and Natural Resources
Documents