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2024 SESSION

• | print version

HB 343 Financial institutions; regulation of money transmitters, penalty.

Introduced by: Joshua G. Cole | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Financial institutions; regulation of money transmitters; penalty. Replaces existing state law regulating money transmitters with comprehensive provisions aimed at standardizing the regulation of money transmitters across the 50 states. The bill includes provisions for the licensure of money transmitters, supervision and implementation by the State Corporation Commission, acquisition of control of a licensee, mandatory disclosures, reporting and records requirements, authorized delegates, mandatory disclosures, prudential standards, and enforcement.

FULL TEXT

• 01/05/24  House: Prefiled and ordered printed; offered 01/10/24 24101753D  pdf | impact statement

HISTORY

• 01/05/24  House: Prefiled and ordered printed; offered 01/10/24 24101753D
• 01/05/24  House: Referred to Committee on Labor and Commerce
• 01/15/24  House: Assigned L & C sub: Subcommittee #1
• 01/16/24  House: Subcommittee recommends continuing to 2025 by voice vote
• 01/18/24  House: Continued to 2025 in Labor and Commerce by voice vote