GOWAN FLOOR AMENDMENT
HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B. 2551
(Reference to printed bill)
Page 1, strike lines 24 through 44
Strike pages 2 and 3, insert:
"Sec. 2. Financial institutions; record disclosure; study committee
A. The financial institutions record disclosure study committee is established consisting of the following members:
1. The director of the Arizona department of administration or the director's designee. The director or the director's designee shall serve as the chairperson of the committee.
2. Two members from financial institutions located in this state who have regulatory functions with respect to a financial institution. The president of the senate and the speaker of the house of representatives shall each appoint one member.
3. One public member who is appointed by the speaker of the house of representatives.
4. Two county attorneys or their designees who are appointed by the governor.
5. One corporation commissioner or the commissioner's designee appointed by the governor.
6. Two nonvoting advisory members who are not counted for the purpose of determining the presence of a quorum. The president of the senate and the speaker of the house of representatives shall each appoint one member.
B. The committee shall:
1. Study the effect of the release and disclosure of a customer's financial records from a financial institution to any government authority.
2. On or before November 30, 2013, submit a written report of its findings and recommendations to the governor, the president of the senate and the speaker of the house of representatives and provide a copy of this report to the secretary of state.
C. Committee members are not eligible for compensation or reimbursement of expenses.
D. This section is repealed from and after December 31, 2013.
Sec. 3. Delayed Repeal
Title 6, chapter 18, Arizona Revised Statutes, as added by this act, is repealed from and after December 31, 2013."