l9n/ Mississippi

2025 Regular Session

House Bill 1428

Money Transmission Modernization Act; create and repeal MS Money Transmitters Act.

Became law as Chapter 475, Laws of 2025, signed April 10, 2025, 80 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO ENACT THE MISSISSIPPI MONEY TRANSMISSION MODERNIZATION ACT; TO STATE THE PURPOSE AND INTENT OF THE ACT; TO DEFINE TERMS; TO PROVIDE CERTAIN EXEMPTIONS TO THE ACT; TO PROVIDE PROVISIONS ON THE IMPLEMENTATION OF THE ACT, CONFIDENTIALITY UNDER THE ACT, THE COMMISSIONER'S SUPERVISION OF THE ACT, AND THE RELATIONSHIP OF THE ACT TO FEDERAL LAW; TO PROVIDE FOR MONEY TRANSMISSION LICENSES; TO PROVIDE FOR ACQUISITION OF CONTROL AND NOTICE AND INFORMATION REQUIREMENTS FOR A CHANGE OF KEY INDIVIDUALS; TO PROVIDE REPORTING AND RECORD REQUIREMENTS UNDER THE ACT; TO PERMIT AUTHORIZED DELEGATES; TO REQUIRE CERTAIN DISCLOSURES BY LICENSEES; TO SET FORTH CERTAIN PRUDENTIAL STANDARDS; TO PROVIDE ENFORCEMENT PROVISIONS; TO AUTHORIZE THE COMMISSIONER TO INVESTIGATE POSSIBLE VIOLATIONS OF THE ACT; TO PROVIDE THAT THIS ACT SHOULD BE CONSTRUED AND APPLIED TO PROMOTE UNIFORMITY OF LAW; TO PROVIDE THAT THE PROVISIONS OR APPLICATIONS OF THIS ACT SHALL BE SEVERABLE; TO PROVIDE FOR A TRANSITION PERIOD; TO REPEAL SECTION 75-15-1, MISSISSIPPI CODE OF 1972, WHICH IS THE CHAPTER OF LAW THAT CREATES THE MISSISSIPPI MONEY TRANSMITTERS ACT; AND FOR RELATED PURPOSES.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

Its course

January 20 to April 10, 2025, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action17 actions on 12 days

In the House of RepresentativesJan 20 to Feb 1122 days

Banking and Financial ServicesJan 20 to Jan 288 days

In the SenateFeb 11 to Mar 1128 days

Business and Financial InstitutionsFeb 17 to Mar 314 days

Back in the House of RepresentativesMar 11 to Mar 2716 days

With the GovernorMar 27 to Apr 1014 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives floor amendmentAdopted

    Adopted Feb 11

  • Senate committee amendmentAdopted

    Adopted Mar 11

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the House of Representatives Jan 20 – Feb 11

  1. Jan 20Referred to the House committee on Banking and Financial Services
  2. Jan 28Reported from committee in the House: title sufficient, do pass as a committee substitute
  3. Feb 11Committee substitute adopted in the House
  4. Amended in the House
  5. Passed the House as amended

In the Senate Feb 13 – Mar 11

  1. Feb 13Sent to the Senate
  2. Feb 17Referred to the Senate committee on Business and Financial Institutions
  3. Mar 3Reported from committee in the Senate: title sufficient, do pass as amended
  4. Mar 11Amended in the Senate
  5. Passed the Senate as amended

Back in the House of Representatives Mar 11 – Mar 27

  1. Mar 11Motion in the Senate to reconsider entered
  2. Mar 13Motion in the Senate to reconsider tabled
  3. Returned to the House to concur in the Senate's amendments
  4. Mar 25Concurred in the House in the Senate's amendments
  5. Mar 27Enrolled bill signed in the House

To the Governor Mar 28 – Apr 10

  1. Mar 28Enrolled bill signed in the Senate
  2. Apr 10Approved by the Governor
All 17 actions, as published
  1. Jan 20Referred To Banking and Financial ServicesHouse of Representatives
  2. Jan 28Title Suff Do Pass Comm SubHouse of Representatives
  3. Feb 11Committee Substitute AdoptedHouse of Representatives
  4. Feb 11AmendedHouse of Representatives
  5. Feb 11Passed As AmendedHouse of Representatives
  6. Feb 13Transmitted To SenateHouse of Representatives
  7. Feb 17Referred To Business and Financial InstitutionsSenate
  8. Mar 3Title Suff Do Pass As AmendedSenate
  9. Mar 11AmendedSenate
  10. Mar 11Passed As AmendedSenate
  11. Mar 11Motion to Reconsider EnteredSenate
  12. Mar 13Motion to Reconsider TabledSenate
  13. Mar 13Returned For ConcurrenceSenate
  14. Mar 25Concurred in Amend From SenateHouse of Representatives
  15. Mar 27Enrolled Bill SignedHouse of Representatives
  16. Mar 28Enrolled Bill SignedSenate
  17. Apr 10Approved by GovernorGovernor