House Bill No. [insert number] proposes the enactment of R.S. 6:1056 and R.S. 39:100.254, which introduces fees for the transmission of money to locations outside the United States. Specifically, the bill mandates that licensed money transmitters collect a fee of $5 for transactions under $500 and a fee of $5 plus an additional 5% for amounts exceeding $500. These fees are to be collected in addition to any other charges authorized by existing law. Licensees are required to remit the collected fees to the commissioner of financial institutions on a quarterly basis, and failure to do so may result in the suspension of their license.

The bill also establishes the Human Trafficking Prevention and Victim Services Fund, which will serve as a depository for the fees collected from money transmissions and any other legislative appropriations. Monies in this fund are to be exclusively allocated for initiatives aimed at preventing human trafficking and providing services to its victims. The fund will be managed in accordance with state treasury regulations, ensuring that unspent funds remain available for future use.