CS/CS/HB 1351 -  Money Services Businesses

General Bill by Commerce Committee and Insurance & Banking Subcommittee and Aloupis (CO-SPONSORS) Buchanan; Duran; McFarland; Toledo; Willhite
Money Services Businesses: Revises exceptions for licensee during Financial Technology Sandbox period; revises duties of money services businesses; revises violations of money services business activities; revises certain prohibited activities without license; revises requirements for money transmitter or payment instrument seller to conduct business; revises requirements for written contract between money transmitter or payment instrument seller & authorized vendor; provides requirements for money transmitter that receives virtual currency; excludes virtual currency in calculation of permissible investments; revises recordkeeping requirements for money transmitter or payment instrument seller; revises financial liability requirements for money transmitter or payment instrument seller.
Effective Date: January 1, 2022
Last Event: 04/30/21 S Died in Rules on Friday, April 30, 2021 2:40 PM

Referred Committees and Committee Actions

House Referrals

Senate Referrals

  • Rules

Related Bills

Bill # Subject Relationship
Bill #: SB 1758 Subject: Money Services Businesses Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Commerce Committee 4/19/2021 5:37:55 PM
Chamber: House Committee: Commerce Committee 4/18/2021 4:55:49 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 4/1/2021 5:03:11 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 3/30/2021 6:04:15 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/18/2021 6:24:15 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/15/2021 6:32:27 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 04/23/2021 12:52 PM   Yeas: 115 Nays: 0 Action: Action 2: Passage Vote Detail: Vote [Seq# 283] Barcode:

Bill History

Event Time Member Committee Ver.
Event: S Died in Rules Time: 04/30/2021 - 2:40 PM Member: Committee: Rules Version: c2
Event: S Received -SJ 656 Time: 04/23/2021 - 4:04 PM Member: Committee: Version: c2
Event: H Message sent to senate Time: 04/23/2021 - 3:18 PM Member: Committee: Version: c2
Event: S Referred to Rules -SJ 656 Time: 04/23/2021 - 2:57 PM Member: Committee: Rules Version: c2
Event: S In Messages Time: 04/23/2021 - 2:20 PM Member: Committee: Version: c2
Event: H CS passed; YEAS 115, NAYS 0 Time: 04/23/2021 - 12:52 PM Member: Committee: Version: c2
Event: H Read 3rd time Time: 04/23/2021 - 12:50 PM Member: Committee: Version: c2
Event: H Added to Third Reading Calendar Time: 04/22/2021 - 5:01 PM Member: Committee: Version: c2
Event: H Placed on 3rd reading Time: 04/22/2021 - 4:47 PM Member: Committee: Version: c2
Event: H Read 2nd time Time: 04/22/2021 - 4:46 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 04/19/2021 - 10:01 PM Member: Committee: Version: c2
Event: H Bill added to Special Order Calendar (4/22/2021) Time: 04/19/2021 - 9:34 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 04/19/2021 - 7:24 PM Member: Committee: Version: c2
Event: H CS Filed Time: 04/19/2021 - 5:41 PM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.18(a) Time: 04/19/2021 - 5:41 PM Member: Committee: Version: c1
Event: H Reported out of Commerce Committee Time: 04/19/2021 - 5:37 PM Member: Committee: Commerce Committee Version: c1
Event: H Favorable with CS by Commerce Committee Time: 04/19/2021 - 5:20 PM Member: Committee: Commerce Committee Version: c1
Event: H Added to Commerce Committee agenda Time: 04/18/2021 - 4:26 PM Member: Committee: Commerce Committee Version: c1
Event: H Added to Commerce Committee agenda Time: 04/18/2021 - 4:25 PM Member: Committee: Commerce Committee Version: c1
Event: H Now in Commerce Committee Time: 04/01/2021 - 5:12 PM Member: Committee: Commerce Committee Version: c1
Event: H Reported out of State Administration & Technology Appropriations Subcommittee Time: 04/01/2021 - 5:12 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Favorable by State Administration & Technology Appropriations Subcommittee Time: 04/01/2021 - 3:19 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Added to State Administration & Technology Appropriations Subcommittee agenda Time: 03/30/2021 - 4:17 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Now in State Administration & Technology Appropriations Subcommittee Time: 03/22/2021 - 10:18 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Referred to Commerce Committee Time: 03/22/2021 - 10:18 PM Member: Committee: Commerce Committee Version: c1
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 03/22/2021 - 10:18 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H 1st Reading Time: 03/18/2021 - 9:10 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/18/2021 - 6:26 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 03/18/2021 - 6:26 PM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 03/18/2021 - 6:22 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 03/17/2021 - 2:03 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 03/15/2021 - 4:20 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 03/05/2021 - 12:12 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 03/05/2021 - 12:12 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 03/05/2021 - 12:12 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 03/05/2021 - 12:12 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/02/2021 - 9:21 PM Member: Committee: Version: __
Event: H Filed Time: 02/25/2021 - 4:24 PM Member: Aloupis Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
559.952 CS/CS/HB 895, CS/SB 1478, SB 1758
560.103 SB 1758
560.123
560.125
560.204 SB 1758
560.208
560.2085
560.210 SB 1758
560.211
560.212