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.
35 Yeas / 0 Nays | |
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Democrat (10 Yeas / 0 Nays) | |
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Excused or Not Voting (2) | |
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