32nd Legislature(2021-2022)

Bill History/Action for Legislature

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  • Bill HB 408
  • Current Status (H) L&C
  •  Then FIN
  • Status Date 04/04/2022
  • Bill Version
  • Short Title MONEY TRANSMISSION; VIRTUAL CURRENCY
  • Sponsor(S) HOUSE RULES BY REQUEST OF THE GOVERNOR
  • Title "An Act relating to the business of money transmission; relating to money transmission licenses, licensure requirements, and registration through the Nationwide Multistate Licensing System; relating to the use of virtual currency for money transmission; relating to authorized delegates of a licensee; relating to acquisition of control of a license; relating to record retention and reporting requirements; authorizing the Department of Commerce, Community, and Economic Development to cooperate with other states in the regulation of money transmission; relating to permissible investments; relating to violations and enforcement of money transmission laws; relating to money transmission license exemptions; relating to payroll processing services; repealing currency exchange licenses; and providing for an effective date."
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Full Text of HB 408 Intro/ Offered Passed
Version Amended Name PDF Date House Senate
HB0408A HB 408 pdf

Fiscal Action Summary

HB 408 Published
Fiscal Note Preparer Date Chamber Fiscal Impact Cmte Report Approp Bill
pdf Fiscal Note 1 Commerce, Community & Econ. Dev. H Y HGOV

Bill Amendments Summary

  • Bill : HB 408

Amendments that are adopted are incorporated into the next version of the bill.
PDF versions of the amendment may have slight variations from the Journal entry. The Journal should be considered the authoritative version.

Action Journal
Amendment Chamber Action Date Page PDF

House and Senate Minutes/Recordings

  • Bill : HB 408
Meeting Date Start Time Title Meeting Details
5/11/2022 3:15 PM HOUSE LABOR & COMMERCE Audio/Video
4/22/2022 9:00 AM HOUSE LABOR & COMMERCE Audio/Video

Documents for Bill HB 408 32nd Legislature

Additional documents may be added - continue to check back.

Document Name Date/Time Subjects
CS HB 408 (L&C) v. B Summary of Changes_5.11.22.pdf HL&C 5/11/2022 3:15:00 PM
HB 408
HB 408 ver B 5.10.22.pdf HL&C 5/11/2022 3:15:00 PM
HB 408
HB 408 Fiscal Note DCCED-DBS 3.18.22.pdf HL&C 4/22/2022 9:00:00 AM
HB 408
HB 408 Testimony - Independent Payroll Providers Association 4.15.22.pdf HL&C 4/22/2022 9:00:00 AM
HB 408
HB 408 Department Presentation 4.12.2022.pdf HL&C 4/22/2022 9:00:00 AM
HB 408
HB 408 Supporting Document - White Paper 4.21.22.pdf HL&C 4/22/2022 9:00:00 AM
HB 408
HB 408 ver A 4.4.22.PDF HL&C 4/22/2022 9:00:00 AM
HB 408
HB 408 Sectional Analysis ver A 4.21.22.pdf HL&C 4/22/2022 9:00:00 AM
HB 408
HB 408 - Transmittal Letter - 3.23.22.pdf HL&C 4/22/2022 9:00:00 AM
HB 408
Jrn Date Jrn Page Text
2272 (H) READ THE FIRST TIME - REFERRALS
2272 (H) L&C, FIN
2272 (H) FN1: (CED)
2272 (H) GOVERNOR'S TRANSMITTAL LETTER
2272 (H) REFERRED TO LABOR & COMMERCE
Text (H) LABOR & COMMERCE at 09:00 AM BARNES 124
Text (H) Heard & Held -- Please Note Time Change --
Text (H) LABOR & COMMERCE at 03:15 PM BARNES 124
Text (H) <Bill Hearing Canceled>
Text (H) LABOR & COMMERCE at 03:15 PM BARNES 124
Text (H) Scheduled but Not Heard -- Delayed to 5/10/22 at 9:00 am --
Text (H) LABOR & COMMERCE at 09:00 AM BARNES 124
Text (H) Scheduled but Not Heard -- Rescheduled from 5/9/22 --
Text (H) LABOR & COMMERCE at 03:15 PM BARNES 124
Text (H) Heard & Held
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