The effective date for bills enacted without a safety clause is August 6, 2025, if the General Assembly adjourns sine die on May 7, 2025 (unless otherwise specified). Details

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22DF8F5F81357CF387258C51006DFFC9 Hearing Summary




PUBLIC
BILL SUMMARY For HB25-1201

SENATE COMMITTEE ON FINANCE
Date Mar 18, 2025      
Location SCR 357



HB25-1201 - Referred to the Committee of the Whole - Consent Calendar
02:01:56 PM  
Senators Liston and
Hinrichsen introduced House Bill 25-1201. The bill repeals the “Money
Transmitters Act” and enacts the “Money Transmission Modernization Act.”
02:13:36 PM  
Mr. Ken Boldt, representing
the Division of Banking, testified in support of the bill. Adam Fleisher,
representing The Money Services Round Table, testified in support of the
bill. Ms. Amy Miller, representing ADP, testified in opposition to the
bill. Michael Hannon, representing the Payroll Department, Inc., testified
in support of the bill. The witnesses answered several committee questions.
02:14:18 PM  
Written testimony may be found in Attachment A.


02:37:16 PM
 Motion Refer House Bill 25-1201 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.
Moved Marchman
Seconded
Bright Yes
Frizell Yes
Gonzales J. Yes
Kolker Yes
Mullica Yes
Simpson Yes
Snyder Yes
Marchman Yes
Kipp Yes
Final YES: 9   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS