31st Legislature, 2021
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SB973 SD1       (?)


Measure Title: RELATING TO HAWAII MONEY TRANSMITTER ACT.
Report Title: Hawaii Money Transmitters Act; Modernization; New Model Law; Licensing Regulations; Definitions; Background Review; Department of Commerce and Consumer Affairs; Division of Financial Institutions; Commissioner of Financial Institutions
Description: Amends the Money Transmitters Act. Changes the chapter and short title to Monetary Transmitters Modernization Act. Incorporates definitions of key terms provided in the Model Money Services Business Law published by the Conference of State Bank Supervisors. Adds supporting documentation to be submitted by a license applicant. Extends the period of a license applicant's litigation and criminal conviction history review from five-years to ten-years from the date of the application. Requires a license applicant to submit information concerning any bankruptcy or receivership proceedings. Clarifies the authority of the commissioner of financial institutions relating to examinations and investigations of licensees and participation in nationwide protocols for licensing cooperation. (SD1)
Companion:
Package: None
Current Referral: CPN, JDC
Introducer(s): BAKER, MISALUCHA

Sort by Date Status Text
1/27/2021SIntroduced.
1/27/2021SPassed First Reading.
1/29/2021SReferred to CPN, JDC.
2/5/2021SThe committee(s) on CPN has scheduled a public hearing on 02-09-21 9:30AM in conference room 229.
2/9/2021SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 7 Aye(s): Senator(s) Baker, Chang, Misalucha, Nishihara, Riviere, San Buenaventura, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/17/2021SReported from CPN (Stand. Com. Rep. No. 274) with recommendation of passage on Second Reading, as amended (SD 1) and referral to JDC.
2/17/2021SReport adopted; Passed Second Reading, as amended (SD 1) and referred to JDC.
2/19/2021SThe committee(s) on JDC will hold a public decision making on 02-25-21 9:30AM; Via Videoconference.
2/25/2021SThe committee(s) on JDC recommend(s) that the measure be PASSED, UNAMENDED. The votes in JDC were as follows: 7 Aye(s): Senator(s) Rhoads, Keohokalole, Acasio, Gabbard, Kim, Lee, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
3/4/2021SReported from JDC (Stand. Com. Rep. No. 661) with recommendation of passage on Third Reading.
3/4/2021SOne Day Notice 03-05-21.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB973 SD1


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Hearing Notices
CommRoomDate/TimeNotice 
CPN 229
 2/09/2021 9:30 AM View
JDC Via Videoconference
 2/25/2021 9:30 AM View


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