CS/CS/HB 1351: Money Services Businesses
GENERAL BILL by Commerce Committee ; Insurance and Banking Subcommittee ; Aloupis ; (CO-INTRODUCERS) Buchanan ; Duran ; McFarland ; Toledo ; Willhite
Money Services Businesses; Revises exceptions for licensee during Financial Technology Sandbox period; revises duties of money services businesses; revises violations of money services business activities; revises certain prohibited activities without license; revises requirements for money transmitter or payment instrument seller to conduct business; revises requirements for written contract between money transmitter or payment instrument seller & authorized vendor; provides requirements for money transmitter that receives virtual currency; excludes virtual currency in calculation of permissible investments; revises recordkeeping requirements for money transmitter or payment instrument seller; revises financial liability requirements for money transmitter or payment instrument seller.
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/25/2021 | House |
• Filed |
| 3/2/2021 | House |
• 1st Reading (Original Filed Version) |
| 3/5/2021 | House |
• Referred to Insurance & Banking Subcommittee • Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 3/15/2021 | House |
• Added to Insurance & Banking Subcommittee agenda |
| 3/17/2021 | House |
• Favorable with CS by Insurance & Banking Subcommittee |
| 3/18/2021 | House |
• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1) |
| 3/22/2021 | House |
• Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in State Administration & Technology Appropriations Subcommittee |
| 3/30/2021 | House |
• Added to State Administration & Technology Appropriations Subcommittee agenda |
| 4/1/2021 | House |
• Favorable by State Administration & Technology Appropriations Subcommittee • Reported out of State Administration & Technology Appropriations Subcommittee • Now in Commerce Committee |
| 4/18/2021 | House |
• Added to Commerce Committee agenda • Added to Commerce Committee agenda |
| 4/19/2021 | House |
• Favorable with CS by Commerce Committee • Reported out of Commerce Committee • Laid on Table under Rule 7.18(a) • CS Filed • Bill referred to House Calendar • Bill added to Special Order Calendar (4/22/2021) • 1st Reading (Committee Substitute 2) |
| 4/22/2021 | House |
• Read 2nd time • Placed on 3rd reading • Added to Third Reading Calendar |
| 4/23/2021 | House |
• Read 3rd time • CS passed; YEAS 115, NAYS 0 |
| 4/23/2021 | Senate |
• In Messages • Referred to Rules -SJ 656 |
| 4/23/2021 | House |
• Message sent to senate |
| 4/23/2021 | Senate |
• Received -SJ 656 |
| 4/30/2021 | Senate |
• Died in Rules |
