summary
Introduced
01/14/2025
01/14/2025
In Committee
01/14/2025
01/14/2025
Crossed Over
Passed
Dead
Introduced Session
126th General Assembly
Bill Summary
Amend The South Carolina Code Of Laws By Adding Section 34-3-120 So As To Provide That A Bank May Not Allow A Governmental Tax Collection Agency To Collect Certain Customer Data.
AI Summary
This bill amends South Carolina law by adding a new section that prohibits banks from allowing governmental tax collection agencies to collect specific customer financial data, specifically account balances, deposits, and withdrawals. The bill aims to protect customer financial privacy by restricting tax agencies' access to detailed banking information. The new provision will apply regardless of any existing laws that might previously have permitted such data collection. The bill includes a standard severability clause, which means that if any part of the law is found to be unconstitutional, the remaining parts of the law will still remain in effect. The legislation would take effect immediately upon receiving the Governor's approval, potentially giving banks new guidelines about protecting customer financial information from governmental tax collection agencies.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Referred to Committee on Labor, Commerce and Industry (on 01/14/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=3300&session=126&summary=B |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/3300_20241205.htm |
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