HI SB3077 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2024 - 25% progression
Action: 2024-01-26 - Referred to CPN, WAM.
Pending: Senate Commerce and Consumer Protection Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 24 2024 - 25% progression
Action: 2024-01-26 - Referred to CPN, WAM.
Pending: Senate Commerce and Consumer Protection Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Continues the alignment of 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 multistate system; using nationwide standards, provides clarity and consistency of the tangible net worth provision; ensures that licensees have sufficient financial resources to conduct their business in a safe and sound manner; ensures efficiency throughout the licensing process; and protects the interests of money transmission companies, their customers, and the public.
Title
Relating To Money Transmitters Modernization Act.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-26 | Senate | Referred to CPN, WAM. |
| 2024-01-24 | Senate | Passed First Reading. |
| 2024-01-24 | Senate | Introduced. |
Same As/Similar To
HB2388 (Same As) 2024-03-22 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Subjects
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=3077&year=2024 |
| Text | https://www.capitol.hawaii.gov/sessions/session2024/bills/SB3077_.HTM |
