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
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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)
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HB 5-A, Original Filed Version (Current Bill Version) Posted 1/26/2025 at 3:09 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 16A Combatting Illegal Immigration Ingoglia Identical Last Action: 1/26/2025 S Filed 
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 560.208 Conduct of business. Page 2 (pdf) 560.211 Required records. Page 4 (pdf) 560.2115 Page 5 (pdf)