Legislature(2021 - 2022)
2022-04-22 Senate JournalFull Journal pdf
2022-04-22 Senate Journal Page 2390 SB 238 The Labor and Commerce Committee considered SENATE BILL NO. 238 "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." Signing do pass: Senator Costello, Chair. Signing no recommendation: Senators Gray-Jackson, Micciche, Stevens. The following previously published fiscal information applies: Fiscal Note No. 1, Department of Commerce, Community, and Economic Development The bill was referred to the Finance Committee.