Legislature(2023 - 2024)
2023-04-14 House Journal
Full Journal pdf2023-04-14 House Journal Page 0714 HB 86 The Labor & Commerce Committee considered: HOUSE BILL NO. 86 "An Act relating to the business of money transmission; relating to money transmission licenses, licensure requirements, and registration through the Nationwide Multistate Licensing System and Registry; 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." The report was signed by Representative Sumner, Chair, with the following individual recommendations: Do pass (1): Fields No recommendation (6): Carrick, Saddler, Wright, Prax, Ruffridge, Sumner 2023-04-14 House Journal Page 0715 The following fiscal note(s) apply: 1. Fiscal, Dept. of Commerce, Community, & Economic Development HB 86 was referred to the Finance Committee.