Legislature(2023 - 2024)BARNES 124
04/12/2023 03:15 PM House LABOR & COMMERCE
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Audio | Topic |
---|---|
Start | |
Presentation: Construction Tax Fraud | |
HB149 | |
HB21 | |
HB86 | |
HB88 | |
HB112 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
+ | TELECONFERENCED | ||
+ | TELECONFERENCED | ||
*+ | HB 149 | TELECONFERENCED | |
*+ | HB 21 | TELECONFERENCED | |
+= | HB 88 | TELECONFERENCED | |
+= | HB 112 | TELECONFERENCED | |
+= | HB 86 | TELECONFERENCED | |
HB 86-MONEY TRANSMISSION; VIRTUAL CURRENCY 4:55:19 PM CHAIR SUMNER announced that the next order of business would be HB 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." 4:55:37 PM REPRESENTATIVE FIELDS moved Amendment 1 to HB 86. [As Amendment 1 was withdrawn without discussion, there was no copy in the record.] REPRESENTATIVE WRIGHT objected to Amendment 1. He advised that HB 145 sufficiently covers the topic of payday loans and lenders. REPRESENTATIVE FIELDS withdrew Amendment 1. 4:56:50 PM REPRESENTATIVE RUFFRIDGE moved to report HB 86 out of committee with individual recommendations and the accompanying fiscal notes. There being no objection, HB 86 was reported out of the House Labor and Commerce Standing Committee.