HB 5-A: Combatting Illegal Immigration
GENERAL BILL by Caruso ; Michael
Combatting Illegal Immigration; Prohibits licensed money services businesses from initiating foreign remittance transfers unless they have verified that sender is not unauthorized alien; defines "foreign remittance transfer"; requires licensees to submit certain forms & penalties to Office of Financial Regulation of FSC; requires office to deposit such penalties into certain fund; requires that licensees make, keep, & preserve for 5 years records of certain documentation & penalties paid; authorizes office to request, & requires licensees to provide, records of certain documentation; authorizes filing of complaints; provides criminal penalties for knowingly filing false or frivolous complaints; imposes requirements on office upon receipt of valid complaint substantiated by evidence of violation; specifies that failure to comply with certain provisions constitutes grounds for suspension of all licenses issued by office.
Last Action: 1/27/2025 House - 1st Reading (Original Filed Version)
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/26/2025 | House |
• Filed |
| 1/27/2025 | House |
• Referred to Insurance & Banking Subcommittee • Now in Insurance & Banking Subcommittee • 1st Reading (Original Filed Version) |
