VA HB2690 | 2019 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 19 2019 - 100% progression
Action: 2019-03-19 - Governor: Acts of Assembly Chapter text (CHAP0634)
Text: Latest bill text (Chaptered) [HTML]

Summary

Money transmitters. Requires money transmitters to be licensed through the National Multistate Licensing System and Registry (NMLS). The bill increases, from five percent to 10 percent, the interest that a person is required to own or control in a limited liability company in order to be subject to requirements applicable to members. The bill also (i) changes the due date for the $750 annual license renewal fee from September 1 to December 31 and requirements pertaining to license renewal and (ii) authorizes reports and filings to be submitted to the Commissioner through the NMLS if the NMLS is able to receive them.

Tracking Information

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Title

Money transmitters; licensure through the Nationwide Multistate Licensing System & Registry (NMLS).

Sponsors


Roll Calls

2019-02-14 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2019-02-13 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2019-02-11 - Senate - Senate: Reported from Commerce and Labor (13-Y 0-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2019-01-30 - House - House: VOTE: PASSAGE #2 (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 0) [PASS]
2019-01-30 - House - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (Y: 98 N: 0 NV: 1 Abs: 0) [PASS]
2019-01-24 - House - House: Reported from Commerce and Labor (21-Y 0-N) (Y: 21 N: 0 NV: 1 Abs: 0) [PASS]

History

DateChamberAction
2019-03-19 Governor: Acts of Assembly Chapter text (CHAP0634)
2019-03-19 Governor: Approved by Governor-Chapter 634 (effective 7/1/19)
2019-02-21 Governor: Governor's Action Deadline Midnight, March 26, 2019
2019-02-21HouseEnrolled Bill communicated to Governor on February 21, 2019
2019-02-20SenateSigned by President
2019-02-19HouseSigned by Speaker
2019-02-19HouseBill text as passed House and Senate (HB2690ER)
2019-02-19HouseEnrolled
2019-02-14SenatePassed Senate (40-Y 0-N)
2019-02-14SenateRead third time
2019-02-13SenateConstitutional reading dispensed (39-Y 0-N)
2019-02-11SenateReported from Commerce and Labor (13-Y 0-N)
2019-01-31SenateReferred to Committee on Commerce and Labor
2019-01-31SenateConstitutional reading dispensed
2019-01-30HouseVOTE: PASSAGE #2 (99-Y 0-N)
2019-01-30HousePassed House BLOCK VOTE (99-Y 0-N)
2019-01-30HouseReconsideration of passage agreed to by House
2019-01-30HouseVOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
2019-01-30HouseRead third time and passed House BLOCK VOTE (98-Y 0-N)
2019-01-29HouseRead second time and engrossed
2019-01-28HouseRead first time
2019-01-24HouseReported from Commerce and Labor (21-Y 0-N)
2019-01-14HouseReferred to Committee on Commerce and Labor
2019-01-14HousePresented and ordered printed 19104401D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
621900(n/a)See Bill Text
621901(n/a)See Bill Text
621904.1(n/a)See Bill Text
621905(n/a)See Bill Text
621914(n/a)See Bill Text
621917(n/a)See Bill Text

Virginia State Sources


Bill Comments

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