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1 was withdrawn without discussion, there was no copy in the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.