House Bill 417, sponsored by Sherrell, proposes amendments to the Tennessee Code Annotated concerning money transmission regulations. Specifically, the bill changes the deadline for certain reporting requirements from "November 1" to "October 15" in two sections: Section 45-7-116(a)(2) and Section 45-7-116(b).

The bill is set to take effect immediately upon becoming law, emphasizing the urgency of the changes for public welfare. This adjustment aims to streamline the reporting process for money transmission entities in Tennessee.

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