Legislation

Title: Financial Institutions - Consumer Protection - Money Transmissions and Virtual Currencies
Sponsored by: Senator Rosapepe
Status: In the House - First Reading Economic Matters
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Adding certain sources of revenue required to be credited to the Nondepository Special Fund; requiring the Commissioner of Financial Regulation to pay certain fines and penalties into the General Fund of the State; altering certain provisions on the regulation of money transmission by the Commissioner; authorizing the Commissioner to identify certain activities as money transmission for certain purposes; establishing licensing requirements for certain money transmission locations; etc.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): October 1, 2020

History

Legislation History
Chamber Senate Calendar Date 2/03/2020 Legislative Date 2/03/2020 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions - Consumer Protection - Money Transmissions and Virtual Currencies Proceedings
Chamber Senate Calendar Date 2/07/2020 Legislative Date 2/07/2020 Action Hearing 3/03 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/09/2020 Legislative Date 3/09/2020 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 3/10/2020 Legislative Date 3/05/2020 Action Favorable with Amendments {867279/1 Proceedings 44 Click to view Recorded Media
Chamber Senate Calendar Date 3/10/2020 Legislative Date 3/05/2020 Action Motion Laid Over (Senator Hough) Adopted Proceedings 44 Click to view Recorded Media
Chamber Senate Calendar Date 3/11/2020 Legislative Date 3/06/2020 Action Favorable with Amendments {867279/1 Adopted Proceedings 45 Click to view Recorded Media
Chamber Senate Calendar Date 3/11/2020 Legislative Date 3/06/2020 Action Second Reading Passed with Amendments Proceedings 45 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Financial Institutions - Consumer Protection - Money Transmissions and Virtual Currencies Proceedings
Chamber Senate Calendar Date 3/13/2020 Legislative Date 3/08/2020 Action Third Reading Passed (46-0) Proceedings 47 Click to view Recorded Media
Chamber House Calendar Date 3/13/2020 Legislative Date 3/10/2020 Action Referred Economic Matters Proceedings 47BClick to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/03/2020	2/03/2020	First Reading Finance
			Text - First - Financial Institutions - Consumer Protection - Money Transmissions and Virtual Currencies
Senate	2/07/2020	2/07/2020	Hearing 3/03 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/09/2020	3/09/2020	Favorable with Amendments Report by Finance
Senate	3/10/2020	3/05/2020	Favorable with Amendments {867279/1	44 Click to view Recorded Media
Senate	3/10/2020	3/05/2020	Motion Laid Over (Senator Hough) Adopted	44 Click to view Recorded Media
Senate	3/11/2020	3/06/2020	Favorable with Amendments {867279/1 Adopted	45 Click to view Recorded Media
Senate	3/11/2020	3/06/2020	Second Reading Passed with Amendments	45 Click to view Recorded Media
			Text - Third - Financial Institutions - Consumer Protection - Money Transmissions and Virtual Currencies
Senate	3/13/2020	3/08/2020	Third Reading Passed (46-0)	47 Click to view Recorded Media
House	3/13/2020	3/10/2020	Referred Economic Matters	47BClick to view Recorded Media

File Code

Subjects

Statutes