Laura Ellman
- Democratic
- Senator
- District 21
Primary
Creates the Uniform Money Transmission Modernization Act. Provides that the provisions supersede the Transmitters of Money Act. Provides that a person may not engage in the business of money transmission or advertise, solicit, or hold oneself out as providing money transmission unless the person is licensed under the Act. Sets forth provisions concerning the purpose of the Act; definitions; money transmission licenses; license application; license renewal; acquisition of control and change of key individuals; reporting and records; authorized delegates of a licensee; timely transmission, refunds, and disclosures; confidentiality of records; required reports; prudential standards; and enforcement. Makes conforming changes in the Freedom of Information Act and the State Finance Act. Provides that the Transmitters of Money Act is repealed on January 1, 2026. Makes other changes. Effective immediately, except that the changes to the Transmitters of Money Act take effect January 1, 2026.
Public Act . . . . . . . . . 103-0991
Effective Date January 1, 2025; Some Provisions
Effective Date August 9, 2024; Some Provisions;
Governor Approved
Sent to the Governor
House Committee Amendment No. 1 Senate Concurs 058-000-000
Passed Both Houses
Senate Concurs
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 012-000-000
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive
House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Laura Ellman
Third Reading - Short Debate - Passed 108-000-000
Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 22, 2024
Secretary's Desk - Concurrence House Amendment(s) 1
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote
Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 011-000-000
House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
Added Alternate Chief Co-Sponsor Rep. Marcus C. Evans, Jr.
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Margaret Croke
Alternate Chief Sponsor Changed to Rep. Margaret Croke
Committee/Final Action Deadline Extended-9(b) May 24, 2024
Assigned to Financial Institutions and Licensing Committee
Chief House Sponsor Rep. Marcus C. Evans, Jr.
Arrived in House
First Reading
Referred to Rules Committee
Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 009-000-000
Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
Third Reading - Passed; 056-000-000
Placed on Calendar Order of 3rd Reading
Senate Floor Amendment No. 3 Adopted; Ellman
Senate Floor Amendment No. 1 Adopted; Ellman
Recalled to Second Reading
Senate Floor Amendment No. 3 Recommend Do Adopt Executive; 009-000-000
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Laura Ellman
Senate Floor Amendment No. 3 Assignments Refers to Executive
Senate Floor Amendment No. 3 Referred to Assignments
Rule 2-10 Third Reading Deadline Established As May 3, 2024
Senate Floor Amendment No. 2 Pursuant to Senate Rule 3-8 (b-1), the following amendments will remain in the Committee on Assignments
Rule 2-10 Third Reading Deadline Established As April 19, 2024
Senate Floor Amendment No. 2 Referred to Assignments
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Laura Ellman
Placed on Calendar Order of 3rd Reading April 11, 2024
Second Reading
Senate Floor Amendment No. 1 Assignments Refers to Executive
Senate Floor Amendment No. 1 Referred to Assignments
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Laura Ellman
Placed on Calendar Order of 2nd Reading April 9, 2024
Do Pass Executive; 012-000-001
Added as Chief Co-Sponsor Sen. Cristina Castro
Chief Sponsor Changed to Sen. Laura Ellman
Rule 2-10 Committee Deadline Established As April 5, 2024
Assigned to Executive
Filed with Secretary by Sen. Cristina Castro
First Reading
Referred to Assignments
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Engrossed | HTML PDF |
| Enrolled | HTML PDF |
| Senate Amendment 001 | HTML PDF |
| Senate Amendment 002 | HTML PDF |
| Senate Amendment 003 | HTML PDF |
| House Amendment 001 | HTML PDF |
| Document | Format |
|---|---|
| Public Act |
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