States / Hawaii / SB 1368

SB 1368 In Committee

RELATING TO THE MONEY TRANSMITTERS MODERNIZATION ACT.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Aligns the State's Money Transmitters Modernization Act with the Model Money Transmitters Modernization Act, thereby enabling Hawaii to work within a network of states to license, supervise, and examine transglobal money transmission companies as a multistate system; adopts nationwide standards that provide clarity and consistency in calculating the tangible net worth of licensees; ensures that licensees have sufficient financial resources to conduct their business in a safe and sound manner; and promotes efficiency throughout the licensing process.

Chamber
Senate
Introduced
Jan 21, 2025
Last action
Jan 21, 2025 — Pending Introduction.
Session
2026
Momentum
28 · Low