Connecticut House Bill 5211

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on June 6 2024 - 100% progression
Action: 2024-06-06 - Signed by the Governor
Text: Latest bill text (Chaptered) [PDF]

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.

An Act Concerning Virtual Currency And Money Transmission.

House Banking Committee	Rep. Travis Simms [D]	Rep. Jaime Foster [D]	Rep. Patricia Dillon [D]
Rep. Kara Rochelle [D]	Rep. William Buckbee [R]	Rep. Greg Howard [R]	Rep. Farley Santos [D]
Rep. Carol Hall [R]	Rep. Hubert Delany [D]	Rep. Andre Baker [D]	Rep. Tom Delnicki [R]
Sen. Patricia Miller [D]	Rep. Martin Foncello [R]	Sen. Eric Berthel [R]

2024-05-08 - Senate - Senate Roll Call Vote 275 (Y: 35 N: 1 NV: 0 Abs: 0) [PASS]
2024-05-03 - House - House Roll Call Vote 140 AS AMENDED (Y: 149 N: 0 NV: 0 Abs: 2) [PASS]
2024-03-12 - Joint - BA Vote Tally Sheet (Joint Favorable) (Y: 12 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2024-06-06	House	Signed by the Governor
2024-05-31	House	Transmitted by Secretary of the State to Governor
2024-05-31	House	Transmitted to the Secretary of State
2024-05-22	House	Public Act 24-146
2024-05-08	House	In Concurrence
2024-05-08	Senate	Senate Passed as Amended by House Amendment Schedule A
2024-05-08	Senate	Senate Adopted House Amendment Schedule A
2024-05-03	Senate	Senate Calendar Number 452
2024-05-03	Senate	Favorable Report, Tabled for the Calendar, Senate
2024-05-03	Senate	Immediate Transmittal to the Senate
2024-05-03	House	House Passed as Amended by House Amendment Schedule A
2024-05-03	House	House Adopted House Amendment Schedule A 5038
2024-04-02	House	File Number 178
2024-04-02	House	House Calendar Number 153
2024-04-02	House	Favorable Report, Tabled for the Calendar, House
2024-04-02	House	Reported Out of Legislative Commissioners' Office
2024-03-25	House	Referred to Office of Legislative Research and Office of Fiscal Analysis 04/02/24 12:00 PM
2024-03-14	House	Filed with Legislative Commissioners' Office
2024-03-12	House	Joint Favorable
2024-03-01	House	Public Hearing 03/05
2024-02-22	House	Referred to Joint Committee on Banking

Type	Source
Summary	https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05211&which_year=2024
Text	https://www.cga.ct.gov/2024/TOB/H/PDF/2024HB-05211-R00-HB.PDF
Text	https://www.cga.ct.gov/2024/TOB/H/PDF/2024HB-05211-R01-HB.PDF
Text	https://www.cga.ct.gov/2024/ACT/PA/PDF/2024PA-00146-R00HB-05211-PA.PDF
Amendment	https://www.cga.ct.gov/2024/lcoamd/pdf/2024LCO04919-R00-AMD.pdf
Amendment	https://www.cga.ct.gov/2024/lcoamd/pdf/2024LCO05038-R00-AMD.pdf
Amendment	https://www.cga.ct.gov/2024/amd/H/pdf/2024HB-05211-R00HA-AMD.pdf
Supplement	https://www.cga.ct.gov/2024/FN/PDF/2024HB-05211-R000178-FN.PDF
Supplement	https://www.cga.ct.gov/2024/BA/PDF/2024HB-05211-R000178-BA.PDF
Supplement	https://www.cga.ct.gov/2024/fna/pdf/2024HB-05211-R00LCO04919-FNA.PDF
Supplement	https://www.cga.ct.gov/2024/fna/pdf/2024HB-05211-R00LCO05038-FNA.pdf
Supplement	https://www.cga.ct.gov/2024/FN/PDF/2024HB-05211-R01-FN.PDF
Supplement	https://www.cga.ct.gov/2024/BA/PDF/2024HB-05211-R01-BA.PDF
Roll Call	https://www.cga.ct.gov/2024/TS/H/PDF/2024HB-05211-R00BA-CV16-TS.PDF
Roll Call	https://www.cga.ct.gov/2024/VOTE/H/PDF/2024HV-00140-R00HB05211-HV.PDF
Roll Call	https://www.cga.ct.gov/2024/VOTE/S/PDF/2024SV-00275-R00HB05211-SV.PDF