HI HB2388 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on March 5 2024 - 50% progression
Action: 2024-03-22 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Amended) [HTML]
Status: Engrossed on March 5 2024 - 50% progression
Action: 2024-03-22 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Amended) [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. Provides clarity and consistency of the tangible net worth provision using nationwide standards. Assesses the initial license fee of $5,000 for money transmitter applicants upon approval of the application. Adds as a permissible investment the receivables due to the licensee from its payment processors for debit or credit card transactions authorized by the licensee's customers for many transmission services obtained from the licensee. (SD1)
Title
Relating To Money Transmitters Modernization Act.
Sponsors
| Rep. Scott Saiki [D] |
Roll Calls
2024-03-20 - Senate - Senate Commerce and Consumer Protection: Passed, With Amendments (Y: 4 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-22 | Senate | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
| 2024-03-22 | Senate | Reported from CPN (Stand. Com. Rep. No. 3287) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
| 2024-03-20 | Senate | The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa. |
| 2024-03-15 | Senate | The committee(s) on CPN has scheduled a public hearing on 03-20-24 9:30AM; Conference Room 229 & Videoconference. |
| 2024-03-07 | Senate | Referred to CPN, WAM. |
| 2024-03-07 | Senate | Passed First Reading. |
| 2024-03-07 | Senate | Received from House (Hse. Com. No. 366). |
| 2024-03-05 | House | Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Martinez, Woodson excused (3). Transmitted to Senate. |
| 2024-03-01 | House | Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ichiyama, Matayoshi, Quinlan, Woodson excused (5). |
| 2024-03-01 | House | Reported from FIN (Stand. Com. Rep. No. 759-24) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading. |
| 2024-02-28 | House | The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 15 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi, Alcos, Ward; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Cochran. |
| 2024-02-26 | House | Bill scheduled to be heard by FIN on Wednesday, 02-28-24 12:00PM in House conference room 308 VIA VIDEOCONFERENCE. |
| 2024-02-20 | House | Re-referred to FIN, referral sheet 14 |
| 2024-01-26 | House | Referred to CPC, FIN, referral sheet 3 |
| 2024-01-24 | House | Introduced and Pass First Reading. |
| 2024-01-22 | House | Pending introduction. |
Same As/Similar To
SB3077 (Same As) 2024-01-26 - Referred to CPN, WAM.
