Senate Bill 2828

AN ACT TO REQUIRE LICENSEES UNDER THE MONEY TRANSMISSION MODERNIZATION ACT TO COLLECT A FEE OF $7.50 FOR EACH TRANSACTION NOT IN EXCESS OF $500.00 AND 1.5% OF ANY AMOUNT IN EXCESS OF $500.00; TO REQUIRE THE FEE TO BE REMITTED QUARTERLY TO THE DEPARTMENT OF REVENUE; TO REQUIRE THE DEPARTMENT OF REVENUE TO REMIT HALF OF SUCH FEES TO THE LAW ENFORCEMENT 287(G) PROGRAM FUND AND THE OTHER HALF TO THE STATE GENERAL FUND; TO REQUIRE LICENSEES TO POST NOTICE THAT FEES PAID MAY BE REIMBURSED THROUGH AN INCOME TAX CREDIT; TO PROVIDE FOR LICENSE SUSPENSION AND CLAIMS ON A LICENSEE'S SURETY BOND; TO PROVIDE THAT THIS ACT SHALL NOT APPLY TO TRANSACTIONS IN WHICH THE FUNDS BEING TRANSFERRED ARE WITHDRAWN FROM AN ACCOUNT HELD IN OR BY A FEDERALLY INSURED FINANCIAL INSTITUTION, OR FUNDED WITH A DEBIT CARD OR A CREDIT CARD ISSUED IN THE UNITED STATES; TO PROVIDE FOR THE REPEAL OF THE ABOVE PROVISIONS ON JULY 1, 2029; TO CREATE THE LAW ENFORCEMENT 287(G) PROGRAM FUND TO ASSIST THE ENFORCEMENT EFFORTS OF STATE AND LOCAL LAW ENFORCEMENT OFFICERS PARTNERING WITH U.S. IMMIGRATION AND CUSTOMS ENFORCEMENT (ICE) THROUGH THE 287(G) PROGRAM UNDER THE IMMIGRATION AND NATIONALITY ACT; TO CREATE AN INCOME TAX CREDIT FOR FEES PAID UNDER THIS ACT DURING CALENDAR YEAR 2026 OR ANY CALENDAR YEAR THEREAFTER; TO AMEND SECTION 75-16-5, MISSISSIPPI CODE OF 1972, TO DEFINE "COMMISSIONER" AS THE COMMISSIONER OF BANKING AND CONSUMER FINANCE, AND "DEPARTMENT" AS THE DEPARTMENT OF BANKING AND CONSUMER FINANCE, FOR PURPOSES OF THE MONEY TRANSMISSION MODERNIZATION ACT; AND FOR RELATED PURPOSES.

In the Senate

• Angela Burks Hill

  Sponsor

• Senate floor amendmentAdopted

  Adopted Feb 12

• Senate floor amendmentPending

• House of Representatives committee amendmentPending

• House of Representatives floor amendmentPending

• House of Representatives floor amendmentPending

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

In the Senate Jan 19 – Feb 12

1. Jan 19Referred to the Senate committee on Finance
2. Feb 3Reported from committee in the Senate: title sufficient, do pass as a committee substitute
3. Feb 12Committee substitute adopted in the Senate
4. Amended in the Senate
5. Passed the Senate as amended

In the House of Representatives Feb 13 – Mar 4

1. Feb 13Sent to the House
2. Feb 16Referred to the House committee on Banking and Financial Services
3. Feb 26Reported from committee in the House: title sufficient, do pass as amended
4. Mar 4Amended in the House
5. Passed the House as amended

Back in the Senate Mar 5 – Apr 2

1. Mar 5Returned to the Senate to concur in the House's amendments
2. Mar 10Declined in the Senate to concur, and invited a conference
3. Mar 24Conferees named in the Senate: Harkins, Johnson and Hill
4. Conferees named in the House: Aguirre, Sanford and Grady
5. Mar 30Conference report filed in the Senate
6. Conference report filed in the House
7. Mar 31Recommitted in the House to the conferees for further conference
8. Recommitted in the Senate to the conferees for further conference
9. Conference report filed in the Senate
10. Conference report filed in the House
11. Apr 1Conference report adopted in the House
12. Motion in the Senate to table failed
13. Recommitted in the Senate to the conferees for further conference
14. Motion in the House to reconsider entered (Sanford, Aguirre and Boyd (37th))
15. Reconsidered in the House
16. Recommitted in the House to the conferees for further conference
17. Apr 2Died in conference in the Senate