House Bill 417, sponsored by Sherrell, amends the Tennessee Code Annotated regarding money transmission. Specifically, it modifies the deadlines for certain requirements by changing the date from "November 1" to "October 15" in two sections: Section 45-7-116(a)(2) and Section 45-7-116(b).

The bill aims to streamline the timeline for compliance with money transmission regulations, ensuring that relevant parties adhere to the new October deadline. This act will take effect immediately upon becoming law, emphasizing the urgency of the changes for public welfare.

Statutes affected:
Introduced: 45-7-116(a)(2), 45-7-116, 45-7-116(b)