Money Transmission Act.

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The Money Transmission Act is a federal bill aimed at regulating the transmission of money to prevent money laundering, terrorism financing, and other illicit activities. It establishes guidelines for entities engaged in money transmission services, requiring them to register with the government, maintain certain financial reserves, and comply with anti-money laundering laws. The bill also outlines penalties for non-compliance and aims to enhance oversight of the industry to protect consumers and ensure the integrity of financial transactions.

Bill Activity

2023-02-15: Read first time. To print.
2023-02-16: From printer. May be heard in committee March 18.
2023-03-02: Referred to Com. on B. & F.
2023-03-21: From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (March 20). Re-referred to Com. on APPR.
2023-04-19: From committee: Do pass. To Consent Calendar. (Ayes 14. Noes 0.) (April 19).
2023-04-20: Read second time. Ordered to Consent Calendar.
2023-04-27: Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 1366.)
2023-04-27: In Senate. Read first time. To Com. on RLS. for assignment.
2023-05-10: Referred to Com. on B. & F.I.
2023-05-11: From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I.
2023-06-21: From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (June 21).
2023-06-22: Read second time and amended. Re-referred to Com. on APPR.
2023-08-14: From committee: Be ordered to second reading pursuant to Senate Rule 28.8.
2023-08-15: Read second time. Ordered to third reading.
2023-08-17: Read third time and amended. Ordered to second reading.
2023-08-21: Read second time. Ordered to third reading.
2023-09-06: Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 2396.).
2023-09-06: In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 8 pursuant to Assembly Rule 77.
2023-09-07: Assembly Rule 77 suspended. (Page 3011.)
2023-09-07: Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 0. Page 3043.).
2023-09-14: Enrolled and presented to the Governor at 4:30 p.m.
2023-10-08: Approved by the Governor.
2023-10-08: Chaptered by Secretary of State - Chapter 463, Statutes of 2023.

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Sponsors (1)

Tim Grayson (D)

Text Versions (6)

Introduced Amended Amended Amended Enrolled Chaptered

Roll Calls (6):

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