Introduced
by
To exempt prepaid gift cards and other “stored value devices” that serve the same purpose from regulations imposed on money transmission services. The bill clarifies the an existing preemption in that law applies to gift cards sold by a third party. The bill would also exempt the agents of some specified entities from the license requirement.
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed in the Senate 36 to 0 (details)
Motion to reconsider
by
The vote by which the following bill was passed.
The motion passed by voice vote
Received
Amendment offered
by
To clarify that the bill's clarifications apply retroactively.
The amendment passed by voice vote
Passed in the Senate 35 to 0 (details)
To exempt prepaid gift cards and other “stored value devices” that serve the same purpose from regulations imposed on money transmission services. The bill clarifies the an existing preemption in that law applies to gift cards sold by a third party. The bill would also exempt the agents of some specified entities from the license requirement.
Referred to the Committee on Financial Services
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Passed in the House 107 to 2 (details)
To exempt prepaid gift cards and other “stored value devices” that serve the same purpose from regulations imposed on money transmission services. The bill clarifies the an existing preemption in that law applies to gift cards sold by a third party.
Passed in the Senate 38 to 0 (details)
To concur with the House-passed version of the bill.
