S.F. No. 0071

Licensing money transmitters.

 

Sponsored By:                              Senator(s) Hawks and Representative(s) Law

 

AN ACT relating to trade and commerce; creating the Wyoming Money Transmitters Act to regulate and license money transmissions; providing requirements and fees; providing civil and criminal penalties; providing definitions; requiring reporting; providing for enforcement; providing for rulemaking; and providing for an effective date.

 

1/14/2003         Bill Number Assigned

1/15/2003         S Received for Introduction

1/16/2003         S Introduced and Referred to S09

1/29/2003         S09 Recommended Amend and Do Pass

 

ROLL CALL

Ayes:  Senator(s) Barrasso, Coe, Decaria, Hawks and Mockler

Ayes 5    Nays 0    Excused 0    Absent 0    Conflicts 0

 

1/29/2003         S Placed on General File

 

2/3/2003          S Amendments Considered

SF0071SS001/A     ADOPTED

Page 6-line 10                                        After "investment" insert "securities".

Page 6-line 11                                        Delete "three (3)" insert "four (4)".

Page 10-line 17                                      Delete "one hundred thousand dollars" insert "twenty-five thousand dollars ($25,000.00)".

Page 10-line 18                                      Delete "($100,000.00)".

Page 11-line 10                                      After "amount of" delete balance of line and insert "ten thousand dollars ($10,000.00) or two and one-half (2 ½) times the outstanding payment instruments, whichever is greater.".

Page 23-after line 22                             Insert and renumber:

                                "(vi)  The commissioner is authorized for good cause shown to waive any requirement of this section with respect to any license renewal application or to permit a license renewal applicant to submit substituted information in its license renewal application in lieu of the information required by this section.".  HAWKS, CHAIRMAN

 

2/3/2003          S Passed CoW

2/4/2003          S Passed 2nd Reading

2/5/2003          S Passed 3rd Reading

 

ROLL CALL

Ayes:  Senator(s) Anderson, J., Barrasso, Barton, Boggs, Burns, Caller, Coe, Decaria, Devin, Erb, Geis, Hanes, Hawks, Hines, Job, Kunz, Larson, Massie, Meier, Mockler, Northrup, Peck, Roberts, Sessions and Vasey.

Nays:  Senator(s) Case, Cathcart, Goodenough, Schiffer and Scott.

Ayes 25    Nays 5    Excused 0    Absent 0    Conflicts 0

 

2/6/2003          H Received for Introduction

2/6/2003          H Introduced and Referred to H09

2/12/2003         H09 Recommended Do Pass

 

ROLL CALL

Ayes:  Representative(s) Childers, Cooper, Esquibel, Illoway, Law, Meyer and Walsh

Nays:  Representative(s) Latta and Miller, D.

Ayes 7    Nays 2    Excused 0    Absent 0    Conflicts 0

 

2/12/2003         H Placed on General File

2/18/2003         H Passed CoW

2/19/2003         H Passed 2nd Reading

2/20/2003         H Passed 3rd Reading

 

ROLL CALL

Ayes:  Representative(s) Alden, Anderson, R., Bagby, Baker, Berger, Boswell, Brechtel, Buchanan, Bucholz, Childers, Cohee, Cooper, Edwards, Esquibel, Gentile, Gilmore, Hageman, Harshman, Harvey, Hinckley, Iekel, Illoway, Jansen, Johnson, L., Johnson, W., Jones, Jorgensen, Landon, Latta, Law, Lockhart, Luthi, Martin, McMurtrey, McOmie, Meuli, Meyer, Miller, D., Morgan, Nicholas, Olsen, Osborn, Parady, Petersen, Philp, Powers, Prosser, Reese, Robinson, Ross, Semlek, Simpson, Slater, Thompson, Tipton, Walsh, Warren, Wasserburger and Wostenberg.

Nays:  Representative(s) Diercks

Ayes 59    Nays 1    Excused 0    Absent 0    Conflicts 0

 

2/20/2003         Assigned Number SEA 0016

2/25/2003         S President Signed SEA No. 0016

2/25/2003         H Speaker Signed SEA No.  0016

2/28/2003         Governor Signed SEA No. 0016

 

Chapter No. 0060  Session Laws of Wyoming 2003.