This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Florida Families Lose With Passage Of HB231/SB718

TALLAHASSEE, Fla., March 22, 2013 /PRNewswire/ -- This week, women, children and families across the state were dealt a devastating blow from the policy makers who were elected to act in the best interest of Florida's citizens, but instead, chose to collapse to the pressure of a small, vocal group of disgruntled alimony payors.

At the center of this very personal battle is HB231/SB718, the Dissolution of Marriage legislation that attempts to make significant, far reaching and harmful changes to Florida's current alimony statutes. This legislation is an apparent attack on dependent spouses, the majority of whom are women, and its impact will throw many families into despair.

"This proposed legislation is anti-woman and anti-family. It denies one set of people with sufficient funds to meet the basic needs of life, while rewarding another group of people by allowing them to walk away from existing agreements," said Carin M. Porras, Esq., Chair of the Family Law Section of The Florida Bar. "It is perpetuated by proponents who are refusing to assume responsibility for their obligations. By allowing this radical legislation to move through committee hearings, our state's policy makers have clearly signaled that putting Florida families first is of little priority."

There are several provisions that pose grave concern. First, the proposed legislation eliminates permanent alimony, which under current law can only be awarded after making findings of fact that no other form of alimony is fair and reasonable. Eliminating this option for judicial discretion will devastate the spouse who agreed to be the homemaker, gave up a career to care for children, moved to support a spouse's career ambitions, or for an ill or disabled spouse who is unable to work and will never be able to support themselves.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs