Loading chat...
SC S0369
Bill
Status
5/7/2025
Primary Sponsor
Thomas Young
Click for details
AI Summary
-
Transfers administration of South Carolina's State Commodity Code from the Secretary of State to the Attorney General
-
Expands the Administrator's authority to issue cease and desist orders and impose civil penalties up to $10,000 per violation or $100,000 for multiple violations in related proceedings
-
Allows the Administrator to maintain enforcement actions in Richland County Court of Common Pleas, with remedies including injunctions, asset freezes, receiver appointments, disgorgement, and restitution
-
Permits the Attorney General's Office to retain up to $750,000 annually from fines and penalties to offset enforcement costs, with excess funds deposited to the general fund
-
Requires the Attorney General to submit annual reports to legislative leadership detailing civil penalties collected, restitution ordered, funds retained, and amounts deposited to the general fund
Legislative Description
Commodity Code Execution
Last Action
Referred to Committee on Labor, Commerce and Industry
5/8/2025