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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C5BD4C4072A7305087258C42007EDDCF Hearing Summary




PUBLIC
BILL SUMMARY For HB25-1201

HOUSE COMMITTEE ON FINANCE
Date Mar 3, 2025      
Location HCR 0112



HB25-1201 - Amended, referred to the Committee of the Whole
04:05:47 PM  
The committee took
a brief recess.
05:04:05 PM  
The committee returned
to order.  Representative Marshall, prime sponsor, presented House
Bill 25-1201. The
bill repeals
the "Money Transmitters Act" and enacts the "Money Transmission
Modernization Act."
05:07:35 PM  
Mr. Michael Hennon, representing The Payroll Group/The Payroll Department, testified to amend the bill. Ken Boldt, representing the Department of Regulatory Agencies Division of Banking, testified in support of the bill. Mrs. Amy Miller, representing ADP, testified in support of the bill. Mr. Adam Fleisher, representing The Money Services Round Table, testified in support of the bill. The panel of witnesses responded to committee questions.


05:20:14 PM
 Motion Adopt amendment L.001 (Attachment G).
Moved Marshall
Seconded Titone
Brooks
Camacho
DeGraaf
Garcia
Gonzalez R.
Hartsook
Joseph
Marshall
Stewart R.
Weinberg
Zokaie
Titone
Lindstedt
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


05:21:07 PM
 Motion Adopt amendment L.002 (Attachment H).
Moved Marshall
Seconded Titone
Brooks
Camacho
DeGraaf
Garcia
Gonzalez R.
Hartsook
Joseph
Marshall
Stewart R.
Weinberg
Zokaie
Titone
Lindstedt
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


05:21:30 PM
 Motion Adopt amendment L.003 (Attachment I).
Moved Marshall
Seconded Titone
Brooks
Camacho
DeGraaf
Garcia
Gonzalez R.
Hartsook
Joseph
Marshall
Stewart R.
Weinberg
Zokaie
Titone
Lindstedt
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
05:21:32 PM  
Representative Marshall wrapped up his presentation of the bill.


05:22:46 PM
 Motion Refer House Bill 25-1201, as amended, to the Committee of the Whole.
Moved Marshall
Seconded Titone
Brooks Yes
Camacho Yes
DeGraaf Yes
Garcia Yes
Gonzalez R. Yes
Hartsook Yes
Joseph Yes
Marshall Yes
Stewart R. Yes
Weinberg Yes
Zokaie Yes
Titone Yes
Lindstedt Yes
Final YES: 13   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS