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  • Introduced
    Feb 22, 2024
  • Passed House
    May 03, 2024
  • Passed Senate
    May 08, 2024
  • Signed into Law
HB 5211
Connecticut House Bill
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AN ACT CONCERNING VIRTUAL CURRENCY AND MONEY TRANSMISSION. 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.
Last Action See all actions
Senate • May 08, 2024: In Concurrence
Latest Bill Text See all bill texts

Official Summary/Bill Text

Comments on HB 5211

Tweets

Whip Lists

Votes
YES: 12
  • Doucette J
  • Miller P
  • Delnicki T
  • Berthel E
  • Santos F
  • Cohen C
  • Aniskovich C
  • Baker A
  • Foster J
  • Hochadel J
  • Hoxha J
  • Paolillo A

NO: 0

    OTHER: 0
    Actions
    • May 08, 2024 | Senate
      • Senate Adopted House Amendment Schedule A
      • Senate Passed as Amended by House Amendment Schedule A
      • In Concurrence
    • May 03, 2024 | Senate
      • Immediate Transmittal to the Senate
      • Favorable Report, Tabled for the Calendar, Senate
      • Senate Calendar Number 452
    • May 03, 2024 | House
      • House Adopted House Amendment Schedule A 5038
      • House Passed as Amended by House Amendment Schedule A
    • Apr 02, 2024 | House
      • Reported Out of Legislative Commissioners' Office (LCO)
      • Favorable Report, Tabled for the Calendar, House
      • House Calendar Number 153
      • File Number 178 (LCO)
    • Mar 25, 2024 | House
      • Referred to Office of Legislative Research and Office of Fiscal Analysis 04/02/24 12:00 PM (LCO)
    • Mar 14, 2024 | House
      • Filed with Legislative Commissioners' Office (LCO)
    • Mar 12, 2024 | House
      • Joint Favorable (BA)
    • Mar 01, 2024 | House
      • Public Hearing 03/05
    • Feb 22, 2024 | House
      • Referred to Joint Committee on Banking