SB 1325 Hawaii Senate · 2023 Regular Session

RELATING TO MONEY TRANSMITTERS MODERNIZATION ACT.

Summary
Aligns Hawaii's money transmitters law with the provisions of the Model Money Transmitters Modernization Act, thereby enabling Hawaii to work within a network of states to license, supervise, and examine transglobal money transmission companies as a multi-state system. Enables timely, coordinated, and efficient regulation of money transmission companies to achieve financial stability and economic growth, while providing consumer protection. Allows the State to share resources, data, and technology tools with other states to create a stronger multi-state system of financial regulation. Effective 7/1/2050. (SD1)
Bill status passed 3 of 5 stages cleared
Introduction
Jan 2023
Committee Review
Mar 2023
Senate Passage
Mar 2023
House Passage
Governor
Introduced Jan 25, 2023 Last action Mar 9, 2023
Floor votes · Senate Mar 7, 2023

How they voted

23–1
Passed · 1 other
Total votes 25
Mar 7, 2023
D Democratic23
22 Yea 1
95% Yea
R Republican2
1 Yea 1 Nay
50% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
12
Key actions
3
Committee
4
Mar 9, 2023
Committee
Referred to ECD, CPC, referral sheet 17
lower
Mar 7, 2023
Introduced
Received from Senate (Sen. Com. No. 413) in amended form (SD 1).
lower
Mar 7, 2023
Upper · Passed
Passed Third Reading, as amended (SD 1). Ayes, 23; Aye(s) with reservations: none. Noes, 1 (Senator(s) Awa). Excused, 1 (Senator(s) Fukunaga). Transmitted to House.
upper
Feb 21, 2023
Upper · Passed
The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards; Aye(s) with reservations: none ; 1 No(es): Senator(s) Awa; and 1 Excused: Senator(s) McKelvey.
upper
Feb 17, 2023
Upper · Passed
The committee(s) on CPN has scheduled a public hearing on 02-21-23 9:30AM; Conference Room 229 & Videoconference.
upper
Jan 30, 2023
Committee
Referred to CPN.
upper
Jan 25, 2023
Introduced
Introduced.
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Ron Kouchi
Ron Kouchi
DDemocratic
HI
8