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 substantially similar to SCS/SB 716 (2022), a provision in HCS/SS/SCS/SB 931 (2022), and SCS/SB 489 (2021).

SCOTT SVAGERA

Statutes affected:
Introduced (0564S.01): 362.034
Perfected (0564S.01): 362.034
Truly Agreed (0564S.01): 362.034

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 63
Sponsor: Roberts
Hearing Date: 2/14/2023


COMMITTEE: Insurance and Banking

CHAIRMAN: Crawford

DATE REFERRED: 1/12/2023 DATE HEARING REQUESTED: 1/19/2023



STAFF:
Freddie Atkins
Barbara Mustoe
Scott Svagera
Eric Vander Weerd


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Jim Regna - Triad Bank
David Kent - Missouri Bankers Association


WITNESSES AGAINST: