l9n/ Connecticut

2024 Regular Session

House Bill 5211

AN ACT CONCERNING VIRTUAL CURRENCY AND MONEY TRANSMISSION.

Became law as Public Act 24-146, signed June 6, 2024, 105 days after it was filed.

What it does

The synopsis the General Assembly published with the bill.

To: (1) Redefine "permissible investment" and define "receipt" in the money transmission statutes; (2) deem certain persons to be engaged in the business of money transmission and require such persons to be licensed; (3) require money transmission licensees to maintain a plan and accounting regarding winding down operations and to meet certain conditions in order to terminate such licensees' businesses; (4) establish a maximum fee that owners or operators of virtual currency kiosks may charge for a specific service and eliminate a certain requirement for customers to cancel and receive a refund for certain virtual currency transactions; (5) require money transmission licensees, or such licensees' authorized delegates, to provide receipts to senders; and (6) specify that the Banking Commissioner may adopt, amend and rescind regulations, forms and orders governing the business use of nonfungible tokens.

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

12 co-sponsors

Travis Simms, Jaime S. Foster, Patricia A. Dillon, Kara Rochelle, Bill Buckbee, Greg S. Howard, Farley Santos, Carol Hall, Hubert D. Delany, Andre F. Baker Jr., Tom Delnicki, Martin Foncello

In the Senate

    2 co-sponsors

    Patricia Billie Miller, Eric C. Berthel

    Its course

    February 22 to June 6, 2024, 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 action21 actions on 11 days

    In the House of RepresentativesFeb 22 to May 371 days

    Banking CommitteeFeb 22 to Mar 1219 days

    In the SenateMay 3 to May 85 days

    Waiting to be sentMay 8 to May 3123 days

    With the GovernorMay 31 to Jun 66 days

    Amendments

    Each amendment offered, and what became of it.

    • House of Representatives floor amendmentAdopted

      Adopted May 3 · Adopted May 8

    Text

    Each version as the General Assembly 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 General Assembly published it is below.

    In the House of Representatives Feb 22 – May 3

    1. Feb 22Introduced and sent to Banking Committee
    2. Mar 1Heard in Banking Committee
    3. Mar 12Banking Committee recommended it
    4. May 3The House of Representatives adopted House of Representatives Amendment A
    5. Passed the House of Representatives with House of Representatives Amendment A

    In the Senate May 3 – May 8

    1. May 3Sent to the Senate
    2. May 8The Senate adopted House of Representatives Amendment A
    3. Passed the Senate with House of Representatives Amendment A

    To the Governor May 22 – Jun 6

    1. May 22Numbered Public Act 24-146
    2. May 31Sent to the Secretary of the State
    3. Sent to the Governor
    4. Jun 6Signed by the Governor
    All 21 actions, as published
    1. Feb 22REF. TO JOINT COMM. ONBoth houses
    2. Mar 1PUBLIC HEARINGBoth houses
    3. Mar 12Joint FavorableBoth houses
    4. Mar 14FILED WITH LCOBoth houses
    5. Mar 25REFERRED TO OLR, OFABoth houses
    6. Apr 2RPTD. OUT OF LCOBoth houses
    7. Apr 2FAV. RPT., TABLED FOR HOUSE CALENDARHouse of Representatives
    8. Apr 2HOUSE CALENDAR NUMBERHouse of Representatives
    9. Apr 2FILE NO.Both houses
    10. May 3HOUSE ADOPTED HOUSE AMEND. SCH.House of Representatives
    11. May 3HOUSE PASSED, HOUSE AMEND. SCH.House of Representatives
    12. May 3IMMEDIATE TRANSMITTAL TO THE SENATEHouse of Representatives
    13. May 3FAV. RPT., TAB. FOR CAL., SEN.Senate
    14. May 3SENATE CALENDAR NUMBERSenate
    15. May 8SEN. ADOPTED HO. AMEND. SCH.Senate
    16. May 8SEN. PASSED, HO. AMEND. SCH.Senate
    17. May 8IN CONCURRENCESenate
    18. May 22PUBLIC ACTBoth houses
    19. May 31TRANSMITTED TO SECRETARY OF THE STATEBoth houses
    20. May 31TRANSMITTED BY SECRETARY OF THE STATE TO GOVERNORGovernor
    21. Jun 6SIGNED BY GOVERNORGovernor