Virginia House Bill 343

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 5 2024 - 25% progression
Action: 2024-11-18 - Left in Labor and Commerce
Pending: House Labor and Commerce Committee
Text: Latest bill text (Prefiled) [HTML]

Financial institutions; regulation of money transmitters; penalty. Replaces existing state law regulating money transmitters with comprehensive provisions aimed at standardizing the regulation of money transmitters across the 50 states. The bill includes provisions for the licensure of money transmitters, supervision and implementation by the State Corporation Commission, acquisition of control of a licensee, mandatory disclosures, reporting and records requirements, authorized delegates, mandatory disclosures, prudential standards, and enforcement.

Financial institutions; regulation of money transmitters, penalty.

Del. Joshua Cole [D]

Date	Chamber	Action
2024-11-18	House	Left in Labor and Commerce
2024-01-18	House	Continued to 2025 in Labor and Commerce (Voice Vote)
2024-01-16	House	Subcommittee recommends continuing to 2025 (Voice Vote)
2024-01-16	House	Impact statement from SCC (HB343)
2024-01-15	House	Assigned L & C sub: Subcommittee #1
2024-01-05	House	Referred to Committee on Labor and Commerce
2024-01-05	House	Prefiled and ordered printed; offered 01/10/24 24101753D

HB343 (Carry Over) 2024-01-18 - Continued to 2025 in Labor and Commerce by voice vote

Chapter	Article	Section	Citation Type	Statute Text
6	2	1900	(n/a)	See Bill Text
6	2	1904	(n/a)	See Bill Text
6	2	1905	(n/a)	See Bill Text
6	2	1914	(n/a)	See Bill Text
6	2	1916	(n/a)	See Bill Text
6	2	1917	(n/a)	See Bill Text
6	2	1918	(n/a)	See Bill Text
6	2	1920	(n/a)	See Bill Text
6	2	1921	(n/a)	See Bill Text
6	2	1922	(n/a)	See Bill Text
6	2	1956	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/bill-details/20251/HB343
Text	https://lis.virginia.gov/bill-details/20251/HB343/text/HB343
Supplement	https://lis.blob.core.windows.net/legacy/1000332.PDF