Regina English
- Democratic
- Representative
- District 17
Primary
The act implements recommendations of the department of regulatory agencies, as specified in the department's sunset review of the regulation of money transmitters, as follows: Sections 1 and 2 of the act continue the regulation of money transmitters until 2030; Section 3 authorizes the banking board to suspend a money transmitter's license; Section 4 expands the requirement to furnish surety bond coverage to include all money transmission, rather than merely exchange; Section 5 increases the maximum penalty for failure to report from $250 to $750 per day and for failure to allow the state bank commissioner to make an examination from $100 to $1,000 per day; Section 6 authorizes the state bank commissioner to submit fingerprints directly to the federal bureau of investigation for a criminal history record check; Section 7 repeals the requirement that license holders annually report the name, address, and telephone number of each owner of at least 10% of the agent of the money transmitter; Section 8 authorizes the state bank commissioner to issue cease-and-desist orders and sets procedural requirements; Section 9 expands the licensing exemption for in-state banks to also cover out-of-state banks and repeals the licensing exemption for telegraph or cable companies; and Sections 10 through 12 replace gendered pronouns with gender-neutral terms. APPROVED by Governor June 3, 2024 EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
Senate Committee on Finance Refer Unamended to Appropriations
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed with Amendments - Floor
House Committee on Appropriations Refer Unamended to House Committee of the Whole
House Committee on Business Affairs & Labor Refer Unamended to Appropriations
Introduced In House - Assigned to Business Affairs & Labor
| Bill Text Versions | Format |
|---|---|
| Signed Act (06/03/2024) | |
| Final Act (05/29/2024) | |
| Rerevised (04/24/2024) | |
| Revised (04/23/2024) | |
| Reengrossed (04/08/2024) | |
| Engrossed (04/05/2024) | |
| Introduced (02/21/2024) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note SA1 (04/03/2024) | |
| Fiscal Note SA2 (04/19/2024) | |
| Fiscal Note FN1 (03/04/2024) | |
| Fiscal Note FN2 (04/11/2024) | |
| Fiscal Note FN3 (06/13/2024) |
Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.