2023-04-03                     Senate Journal                      Page 0649
SB 84                                                                                                                         
The Labor and Commerce Committee considered SENATE BILL                                                                         
NO. 84 "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."                                                                                 
                                                                                                                                
Signing do pass: Senator Bjorkman, Chair; Senators Dunbar, Bishop,                                                              
Gray-Jackson. Signing no recommendation: Senator Merrick.                                                                       
                                                                                                                                
The following previously published fiscal information applies:                                                                  
          Fiscal Note No. 1, Department of Commerce, Community, and                                                            
       Economic Development                                                                                                     
                                                                                                                                
The bill was referred to the Judiciary Committee.