AN ACT CONCERNING DEFINITIONS APPLICABLE TO THE MONEY TRANSMISSION STATUTES AND SOLICITATIONS AND ADVERTISEMENTS BY MONEY TRANSMISSION LICENSEES.
To (1) define "digital wallet" and redefine "money transmission" and "stored value" for the purposes of the money transmission statutes, and (2) provide that no solicitation or advertisement by a money transmission licensee shall include any statement or claim that funds deposited with such licensee are eligible for Federal Deposit Insurance Corporation protections.
Introduced by:
Banking Committee| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| File No. 194 [doc] | |
| BA Joint Favorable [doc] | |
| Raised Bill [doc] |
| Committee Actions | |
| BA Joint Fav. Rpt | |
| BA Vote Tally Sheet (Joint Favorable) |
| Fiscal Notes | |
| Fiscal Note For File Copy 194 |
| Bill Analyses | |
| Bill Analysis For File Copy 194 |
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Co-sponsors for Amendment LCO:
Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 3/24/2025 | (LCO) | File Number 194 | |
| 3/24/2025 | House Calendar Number 147 | ||
| 3/24/2025 | Favorable Report, Tabled for the Calendar, House | ||
| 3/24/2025 | (LCO) | Reported Out of Legislative Commissioners' Office | |
| 3/17/2025 | (LCO) | Referred to Office of Legislative Research and Office of Fiscal Analysis 03/24/25 12:00 PM | |
| 3/6/2025 | (LCO) | Filed with Legislative Commissioners' Office | |
| 3/6/2025 | (BA) | Joint Favorable | |
| 2/20/2025 | Public Hearing 02/27 | ||
| 2/19/2025 | Referred to Joint Committee on Banking |
Co-sponsors of HB-6991
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