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2017 SESSION

• | print version

SB 1136 Money order sellers and money transmitters; required investments.

Introduced by: T. Montgomery "Monty" Mason | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Money transmitters; investments. Permits the aggregate dollar amount of the outstanding stored value products of a licensed money transmitter to be calculated in accordance with generally accepted accounting principles. Such licensees are required to maintain permissible investments that have a market value of not less than the aggregate dollar amount of all of their outstanding money transmission transactions, which by definition includes selling or issuing stored value.

FULL TEXT

• 01/09/17  Senate: Prefiled and ordered printed; offered 01/11/17 17102799D  pdf | impact statement
• 02/22/17  Senate: Bill text as passed Senate and House (SB1136ER)  pdf | impact statement
• 03/20/17  Governor: Acts of Assembly Chapter text (CHAP0654)  pdf

HISTORY

• 01/09/17  Senate: Prefiled and ordered printed; offered 01/11/17 17102799D
• 01/09/17  Senate: Referred to Committee on Commerce and Labor
• 01/23/17  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 01/25/17  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/26/17  Senate: Read second time and engrossed
• 01/27/17  Senate: Read third time and passed Senate (39-Y 0-N)
• 01/31/17  House: Placed on Calendar
• 01/31/17  House: Read first time
• 01/31/17  House: Referred to Committee on Commerce and Labor
• 02/14/17  House: Reported from Commerce and Labor (22-Y 0-N)
• 02/16/17  House: Read second time
• 02/17/17  House: Read third time
• 02/17/17  House: Passed House BLOCK VOTE (99-Y 0-N)
• 02/17/17  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 02/22/17  Senate: Enrolled
• 02/22/17  Senate: Bill text as passed Senate and House (SB1136ER)
• 02/22/17  Senate: Signed by President
• 02/22/17  House: Signed by Speaker
• 02/23/17  Senate: Enrolled Bill Communicated to Governor on 2/23/17
• 02/23/17  Governor: Governor's Action Deadline Midnight, March 27, 2017
• 03/20/17  Governor: Approved by Governor-Chapter 654 (effective 7/1/17)
• 03/20/17  Governor: Acts of Assembly Chapter text (CHAP0654)