FINANCIAL REGULATION-VARIOUS
Summary
Creates the Uniform Money Transmission Modernization Act. Provides that the provisions supersede the Transmitters of Money Act. Sets forth provisions concerning money transmission licenses; acquisition of control; reporting and records; authorized delegates; timely transmission, refunds, and disclosures; prudential standards; and enforcement. Repeals the Transmitters of Money Act. Makes other changes. Effective immediately, except the repeal of the Transmitters of Money Act is effective January 1, 2026.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 9, 2024
Last action May 3, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
12
Key actions
3
Committee
6
May 3, 2024
Committee
Rule 3-9(a) / Re-referred to Assignments
lower
Apr 19, 2024
Lower · Passed
Rule 2-10 Committee Deadline Established As May 3, 2024
lower
Apr 5, 2024
Lower · Passed
Rule 2-10 Committee Deadline Established As April 19, 2024
lower
Mar 15, 2024
Lower · Passed
Rule 2-10 Committee Deadline Established As April 5, 2024
lower
Feb 28, 2024
Committee
Assigned to Executive
lower
Feb 9, 2024
Committee
Referred to Assignments
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Laura Ellman
DDemocratic
Co
Ann Gillespie
DDemocratic
Co
Napoleon Harris
DDemocratic
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