CS/HB 273: Money Services Businesses
GENERAL BILL by Insurance and Banking Subcommittee ; Aloupis ; (CO-INTRODUCERS) Benjamin ; Buchanan ; McFarland
Money Services Businesses; Revises provisions related to violations of money services business activities & penalties for such violations; revises provisions related to 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.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 10/12/2021 | House |
• Filed |
| 10/22/2021 | House |
• Referred to Insurance & Banking Subcommittee • Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 11/23/2021 | House |
• Added to Insurance & Banking Subcommittee agenda |
| 12/1/2021 | House |
• Favorable with CS by Insurance & Banking Subcommittee |
| 12/2/2021 | House |
• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed |
| 12/3/2021 | House |
• Original reference removed: State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in Commerce Committee |
| 1/11/2022 | House |
• 1st Reading (Original Filed Version) • 1st Reading (Committee Substitute 1) |
| 1/14/2022 | House |
• Added to Commerce Committee agenda |
| 1/19/2022 | House |
• Favorable by Commerce Committee • Reported out of Commerce Committee • Bill released to House Calendar • Added to Second Reading Calendar |
| 3/1/2022 | House |
• Bill added to Special Order Calendar (3/4/2022) |
| 3/4/2022 | House |
• Read 2nd time • Amendment 941613 adopted • Placed on 3rd reading • Added to Third Reading Calendar |
| 3/7/2022 | House |
• Read 3rd time • CS passed as amended; YEAS 112, NAYS 0 |
| 3/7/2022 | Senate |
• In Messages • Referred to Appropriations -SJ 720 • Withdrawn from Appropriations -SJ 719 • Placed on Calendar, on 2nd reading • Received -SJ 720 • Substituted for CS/SB 486 -SJ 719 • Read 2nd time -SJ 719 • Read 3rd time -SJ 719 • CS passed; YEAS 35 NAYS 1 -SJ 719 |
| 3/8/2022 | House |
• In Messages • Ordered enrolled |
| 5/10/2022 |
• Signed by Officers and presented to Governor |
|
| 5/12/2022 |
• Approved by Governor • Chapter No. 2022-113 |
