HB 417 Tennessee House · 114th Regular Session (2025-2026)

Financial Institutions, Dept. of - As introduced, increases, from November 1 to December 31 to October 15 to December 31, the time frame during which a licensee under the Money Transmission Modernization Act must pay the annual nonrefundable supervision fee and submit its annual renewal report to the department. - Amends TCA Title 38; Title 45 and Title 67, Chapter 6.

HB 417 adjusts the annual fee and report deadline for money transmission businesses in Tennessee. It moves the start date for submitting annual renewal reports and paying nonrefundable supervision fees from November 1 to October 15, while keeping the end date at December 31. This change directly affects all licensees operating under the Money Transmission Modernization Act. The bill modifies existing deadlines without altering fee amounts or report content.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025 Last action Mar 12, 2025
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Full legislative history

Actions timeline

Total actions
5
Key actions
0
Committee
2
Mar 12, 2025
Committee
Ref. to Commerce Committee - Government Operations for Review
lower
Mar 12, 2025
Committee
Assigned to s/c Banking & Consumer Affairs Subcommittee
lower
Feb 3, 2025
Introduced
Intro., P1C.
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Paul Sherrell
Paul Sherrell
RRepublican
TN
43