On March 2, 2020, the Rules Committee of the Florida Senate considered the “Protection of Vulnerable Investors” bill. The Rules Committee voted to send the bill to the full Florida Senate for consideration. No Senator on the Rules Committee voted against the bill. The bill now has passed through three committees of the Florida Senate without a single no vote. In 2018 and 2019, a similar bill did not make it out of committee and was not considered by the full Florida Senate.
As we previously reported, an identical bill sailed through the Florida House of Representatives without a single no vote in committee. When the bill reached the full Florida House for consideration, all 118 Representatives voted for the bill, and it passed unanimously.
The vote by the Florida Senate on the bill likely will come within the next two weeks. We will update information relating to this important piece of legislation as it occurs.