AN ACT CONCERNING VIRTUAL CURRENCY AND MONEY TRANSMISSION.
To: (1) Redefine "permissible investment" and define "receipt" in the money transmission statutes; (2) deem certain persons to be engaged in the business of money transmission and require such persons to be licensed; (3) require money transmission licensees to maintain a plan and accounting regarding winding down operations and to meet certain conditions in order to terminate such licensees' businesses; (4) establish a maximum fee that owners or operators of virtual currency kiosks may charge for a specific service and eliminate a certain requirement for customers to cancel and receive a refund for certain virtual currency transactions; (5) require money transmission licensees, or such licensees' authorized delegates, to provide receipts to senders; and (6) specify that the Banking Commissioner may adopt, amend and rescind regulations, forms and orders governing the business use of nonfungible tokens.
Introduced by:
Banking Committee| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| Public Act No. 24-146 [doc] | |
| File No. 178 [doc] | |
| BA Joint Favorable [doc] | |
| Raised Bill [doc] |
| Called Amendments | |
| House Schedule A LCO# 5038 (J) [doc] |
| Uncalled Amendments | |
| House LCO Amendment #4919 (J) [doc] |
| Votes | |
| Senate Roll Call Vote 275 | |
| House Roll Call Vote 140 AS AMENDED |
| Committee Actions | |
| BA Joint Fav. Rpt | |
| BA Vote Tally Sheet (Joint Favorable) |
| Bill Analyses | |
| Bill Analysis for HB-5211, as amended by House "A" | |
| Bill Analysis For File Copy 178 | |
| Summary for Public Act No. 24-146 |
Add Notes to HB-5211
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Co-sponsors for Amendment LCO:
Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 6/6/2024 | Signed by the Governor | ||
| 5/31/2024 | Transmitted by Secretary of the State to Governor | ||
| 5/31/2024 | Transmitted to the Secretary of State | ||
| 5/22/2024 | (LCO) | Public Act 24-146 | |
| 5/8/2024 | In Concurrence | ||
| 5/8/2024 | Senate Passed as Amended by House Amendment Schedule A | ||
| 5/8/2024 | Senate Adopted House Amendment Schedule A | ||
| 5/3/2024 | Senate Calendar Number 452 | ||
| 5/3/2024 | Favorable Report, Tabled for the Calendar, Senate | ||
| 5/3/2024 | Immediate Transmittal to the Senate | ||
| 5/3/2024 | House Passed as Amended by House Amendment Schedule A | ||
| 5/3/2024 | House Adopted House Amendment Schedule A 5038 | ||
| 4/2/2024 | (LCO) | File Number 178 | |
| 4/2/2024 | House Calendar Number 153 | ||
| 4/2/2024 | Favorable Report, Tabled for the Calendar, House | ||
| 4/2/2024 | (LCO) | Reported Out of Legislative Commissioners' Office | |
| 3/25/2024 | (LCO) | Referred to Office of Legislative Research and Office of Fiscal Analysis 04/02/24 12:00 PM | |
| 3/14/2024 | (LCO) | Filed with Legislative Commissioners' Office | |
| 3/12/2024 | (BA) | Joint Favorable | |
| 3/1/2024 | Public Hearing 03/05 | ||
| 2/22/2024 | Referred to Joint Committee on Banking |
Co-sponsors of HB-5211
NOTE: Please direct all inquiries regarding the status of bills to the Office of the House Clerk and/or Senate Clerks' Office.
