The bill H. 4247 amends various sections of the South Carolina Code of Laws concerning the State Commodity Code, primarily designating the South Carolina Attorney General as the new administrator, replacing the Secretary of State. It broadens the range of individuals who may face license denial, suspension, or revocation to include agents and investment advisor representatives. The bill also empowers the administrator to issue orders to prevent violations, maintain legal actions in the Richland County Court of Common Pleas, and refer violations for prosecution. Additionally, it establishes penalties for violations, allowing fines up to $20,000 or imprisonment for willful offenses, and permits the administrator to retain funds from fines to cover enforcement expenses.

Further changes include modifying the timeline for filing a petition for review of administrative orders from sixty days to thirty days, clarifying that such filings do not automatically stay the effectiveness of the administrator's orders. The bill introduces a provision allowing the Office of the Attorney General to retain the first $750,000 in fines collected annually for enforcement costs, with any excess going to the general fund. It also repeals certain sections related to administrative procedures and includes a severability clause to maintain the validity of remaining provisions if any part is deemed unconstitutional. The act will take effect upon the Governor's approval.

Statutes affected:
03/27/2025: 39-73-10, 39-73-40, 39-73-60, 39-73-310, 39-73-30, 39-73-80, 39-73-315, 39-73-320, 39-73-325, 39-73-330, 39-73-340, 39-73-350, 39-73-20, 39-73-360, 39-73-370, 39-73-375, 39-73-400, 39-73-355
04/30/2025: 39-73-10, 39-73-40, 39-73-60, 39-73-310, 39-73-30, 39-73-80, 39-73-315, 39-73-320, 39-73-325, 39-73-330, 39-73-340, 39-73-350, 39-73-20, 39-73-360, 39-73-370, 39-73-375, 39-73-400, 39-73-355
05/06/2025: 39-73-10, 39-73-40, 39-73-60, 39-73-310, 39-73-30, 39-73-80, 39-73-315, 39-73-320, 39-73-325, 39-73-330, 39-73-340, 39-73-350, 39-73-20, 39-73-360, 39-73-370, 39-73-375, 39-73-400, 39-73-355
05/08/2025: 39-73-10, 39-73-40, 39-73-60, 39-73-310, 39-73-30, 39-73-80, 39-73-315, 39-73-320, 39-73-325, 39-73-330, 39-73-340, 39-73-350, 39-73-20, 39-73-360, 39-73-370, 39-73-375, 39-73-400, 39-73-355
Latest Version: 39-73-10, 39-73-40, 39-73-60, 39-73-310, 39-73-30, 39-73-80, 39-73-315, 39-73-320, 39-73-325, 39-73-330, 39-73-340, 39-73-350, 39-73-20, 39-73-360, 39-73-370, 39-73-375, 39-73-400, 39-73-355