2016 Senate Bill 1056

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Introduced in the Senate

Sept. 7, 2016

Introduced by Sen. Margaret O’Brien (R-20)

To clarify the scope of a 2006 law that regulates retail money transmission service businesses, which are generally storefront shops where a person can wire money. Regular financial institutions are exempt, and the bill clarifies that this applies to their employees too.

Referred to the Committee on Banking and Financial Institutions

Nov. 30, 2016

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Amendment offered

The amendment passed by voice vote

Dec. 1, 2016

Passed in the Senate 36 to 0 (details)

Received in the House

Dec. 1, 2016

Referred to the Committee on Financial Services