This amendment changes the provision relating to the effective date so that the safe harbor provisions of Senate Substitute No.

Plain English Breakdown

The official source does not provide details on how this would have affected existing court cases or demands made before the effective date if it had passed, leaving some uncertainty.

Amendment to Safe Harbor Provisions

This amendment changes when certain parts of a bill become active, so they only affect actions that happen after the bill is passed.

What This Bill Does

• Changes when safe harbor provisions start working.

Who It Names or Affects

• People who follow or use Senate Substitute No. 1 for Senate Bill No. 21

Terms To Know

Safe Harbor Provisions

Rules that protect people from penalties if they meet certain conditions.

Effective Date

The date when a new law or rule starts to work.

Limits and Unknowns

• This amendment did not pass the House and was defeated on March 25, 2025.
• It is unclear how this would have affected existing court cases or demands made before the effective date if it had passed.

Official Summary Text

This amendment changes the provision relating to the effective date so that the safe harbor provisions of Senate Substitute No. 1 for Senate Bill No. 21 apply only to acts and transactions occurring after the Act's date of enactment and the books and records provisions apply only to demands made after the Act's date of enactment.

Current Bill Text

Legislation Document

SPONSOR:

Rep. Burns

HOUSE OF REPRESENTATIVES

153rd GENERAL ASSEMBLY

HOUSE AMENDMENT NO. 3

TO

SENATE SUBSTITUTE NO. 1

FOR

SENATE BILL NO. 21

AMEND Senate Substitute No. 1 for Senate Bill No. 21 by deleting Section 3 in its entirety and inserting in lieu thereof the following:

“Section 3. Sections 1 and 2 of this Act take effect following this Act’s enactment into law (the “Effective Date”) and apply to all acts and transactions that occur after the enactment of this Act. Sections 1 and 2 of this Act do not apply to or affect any action or proceeding commenced in a court of competent jurisdiction that is completed or pending, or any demand to inspect books and records made on or before the Effective Date.”.

SYNOPSIS

This amendment changes the provision relating to the effective date so that the safe harbor provisions of Senate Substitute No. 1 for Senate Bill No. 21 apply only to acts and transactions occurring after the Act's date of enactment and the books and records provisions apply only to demands made after the Act's date of enactment.