SB 3670

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Financial Regulation-Various

Abstract

Creates the Uniform Money Transmission Modernization Act. Provides that the provisions supersede the Transmitters of Money Act. Sets forth provisions concerning money transmission licenses; acquisition of control; reporting and records; authorized delegates; timely transmission, refunds, and disclosures; prudential standards; and enforcement. Repeals the Transmitters of Money Act. Makes other changes. Effective immediately, except the repeal of the Transmitters of Money Act is effective January 1, 2026.

Bill Sponsors (3)

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May 03, 2024

Senate

Rule 3-9(a) / Re-referred to Assignments

Apr 19, 2024

Senate

Rule 2-10 Committee Deadline Established As May 3, 2024

Apr 12, 2024

Senate

Rule 2-10 Third Reading Deadline Established As May 3, 2024

Apr 05, 2024

Senate

Rule 2-10 Committee Deadline Established As April 19, 2024

Mar 22, 2024

Senate

Postponed - Executive

Mar 21, 2024

Senate

Added as Co-Sponsor Sen. Napoleon Harris, III

Mar 15, 2024

Senate

Rule 2-10 Committee Deadline Established As April 5, 2024

Mar 08, 2024

Senate

Added as Chief Co-Sponsor Sen. Ann Gillespie

Feb 28, 2024

Senate

Assigned to Executive

Feb 09, 2024

Senate

Filed with Secretary by Sen. Laura Ellman

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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Introduced HTML PDF

Related Documents

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Sources

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