Legislation

Title: Financial Institutions – Commissioner of Financial Regulation – Money Transmissions
Sponsored by: Chair, Finance Committee (By Request - Departmental - Labor)
Status: Approved by the Governor - Chapter 100
Analysis: Fiscal and Policy Note

Synopsis

Establishing licensing requirements for certain money transmission locations; altering certain net worth requirements for certain applicants for a license to engage in money transmission; requiring an applicant for a license to engage in money transmission to provide the address of each self-service financial kiosk in a certain application; specifying a $500 licensing fee that an applicant for a branch location license is required to pay; etc.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2021

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 9/22/2020 Legislative Date 9/22/2020 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/13/2021 Legislative Date 1/13/2021 Action First Reading Finance Proceedings
Chamber Senate Calendar Date 12/23/2020 Legislative Date 12/23/2020 Action Hearing 1/20 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions – Commissioner of Financial Regulation – Money Transmissions Proceedings
Chamber Senate Calendar Date 1/18/2021 Legislative Date 1/18/2021 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 1/18/2021 Legislative Date 1/18/2021 Action Hearing 1/26 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 2/03/2021 Legislative Date 2/03/2021 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 2/03/2021 Legislative Date 2/03/2021 Action Favorable Adopted Proceedings 7 Click to view Recorded Media
Chamber Senate Calendar Date 2/03/2021 Legislative Date 2/03/2021 Action Second Reading Passed Proceedings 7 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Financial Institutions – Commissioner of Financial Regulation – Money Transmissions Proceedings
Chamber Senate Calendar Date 2/05/2021 Legislative Date 2/05/2021 Action Third Reading Passed (47-0) Proceedings 8 Click to view Recorded Media
Chamber House Calendar Date 2/08/2021 Legislative Date 2/08/2021 Action Referred Economic Matters Proceedings 9 Click to view Recorded Media
Chamber House Calendar Date 3/16/2021 Legislative Date 3/16/2021 Action Hearing 3/24 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/28/2021 Legislative Date 3/28/2021 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/30/2021 Legislative Date 3/14/2021 Action Favorable Adopted Second Reading Passed Proceedings 33 Click to view Recorded Media
Chamber House Calendar Date 3/30/2021 Legislative Date 3/15/2021 Action Third Reading Passed (135-0) Proceedings 34 Click to view Recorded Media
Chamber Senate Calendar Date 3/31/2021 Legislative Date 3/10/2021 Action Returned Passed Proceedings 37 Click to view Recorded Media
Chamber Post Passage Calendar Date 4/13/2021 Legislative Date 4/13/2021 Action Approved by the Governor - Chapter 100 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Financial Institutions – Commissioner of Financial Regulation – Money Transmissions Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	9/22/2020	9/22/2020	Pre-filed
Senate	1/13/2021	1/13/2021	First Reading Finance
Senate	12/23/2020	12/23/2020	Hearing 1/20 at 1:00 p.m.
			Text - First - Financial Institutions – Commissioner of Financial Regulation – Money Transmissions
Senate	1/18/2021	1/18/2021	Hearing canceled
Senate	1/18/2021	1/18/2021	Hearing 1/26 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	2/03/2021	2/03/2021	Favorable Report by Finance
Senate	2/03/2021	2/03/2021	Favorable Adopted	7 Click to view Recorded Media
Senate	2/03/2021	2/03/2021	Second Reading Passed	7 Click to view Recorded Media
			Text - Third - Financial Institutions – Commissioner of Financial Regulation – Money Transmissions
Senate	2/05/2021	2/05/2021	Third Reading Passed (47-0)	8 Click to view Recorded Media
House	2/08/2021	2/08/2021	Referred Economic Matters	9 Click to view Recorded Media
House	3/16/2021	3/16/2021	Hearing 3/24 at 1:30 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/28/2021	3/28/2021	Favorable Report by Economic Matters
House	3/30/2021	3/14/2021	Favorable Adopted Second Reading Passed	33 Click to view Recorded Media
House	3/30/2021	3/15/2021	Third Reading Passed (135-0)	34 Click to view Recorded Media
Senate	3/31/2021	3/10/2021	Returned Passed	37 Click to view Recorded Media
Post Passage	4/13/2021	4/13/2021	Approved by the Governor - Chapter 100
			Text - Chapter - Financial Institutions – Commissioner of Financial Regulation – Money Transmissions

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Subjects

Statutes