Hawaii Senate Bill 1368

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 23 2025 - 25% progression
Action: 2025-01-27 - Referred to CPN, WAM.
Pending: Senate Commerce and Consumer Protection Committee
Text: Latest bill text (Introduced) [HTML]

Aligns the State's Money Transmitters Modernization Act with 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; adopts nationwide standards that provide clarity and consistency in calculating the tangible net worth of licensees; ensures that licensees have sufficient financial resources to conduct their business in a safe and sound manner; and promotes efficiency throughout the licensing process.

Relating To The Money Transmitters Modernization Act.

Sen. Ronald Kouchi [D]

Date	Chamber	Action
2025-01-27	Senate	Referred to CPN, WAM.
2025-01-23	Senate	Introduced and passed First Reading.
2025-01-21	Senate	Pending Introduction.

HB1049 (Same As) 2025-02-11 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2).

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1368&year=2025
Text	https://www.capitol.hawaii.gov/sessions/session2025/bills/SB1368_.HTM