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 expands the administrator's authority to deny, suspend, or revoke licenses for agents or investment advisor representatives and introduces provisions for issuing orders to prevent violations. The administrator is also granted the ability to maintain actions in the Richland County Court of Common Pleas and refer violations to the appropriate division of the Office of Attorney General.

Additionally, the bill establishes penalties for violations, including fines up to $20,000 or imprisonment for willful offenses, and allows the administrator to retain funds from fines to cover enforcement costs. It modifies the review process for final orders by reducing the timeframe for filing a petition from sixty days to thirty days and clarifies that such filings do not automatically stay the effectiveness of the administrator's orders. The bill also repeals certain sections related to administrative proceedings and includes a severability clause to ensure the act's remaining provisions remain effective 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