CS/CS/HB 311 (Barnaby) and CS/CS/SB 532 (Brodeur) are comprehensive bills that extensively revise Florida’s securities and transactions regulations. The bills redefine the term “investment adviser” to exclude political subdivisions from the listed entities required to register with the State. CS/CS/SB 532 passed the Senate (39-1) and the House (113-0) and is awaiting action by the Governor. (Cruz)