House Bill 417, sponsored by Sherrell, amends specific provisions of the Tennessee Code Annotated related to money transmission. The bill 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 changes aim to streamline the regulatory timeline for money transmission activities in Tennessee, ensuring that relevant parties adhere to the new October deadline. The act is set to take effect immediately upon becoming law, emphasizing the urgency of the amendments for public welfare.

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