Money order sellers and money transmitters; required investments. (SB1136)

Introduced By

Sen. Monty Mason (D-Williamsburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Money transmitters; investments. Permits the aggregate dollar amount of the outstanding stored value products of a licensed money transmitter to be calculated in accordance with generally accepted accounting principles. Such licensees are required to maintain permissible investments that have a market value of not less than the aggregate dollar amount of all of their outstanding money transmission transactions, which by definition includes selling or issuing stored value. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/09/2017Prefiled and ordered printed; offered 01/11/17 17102799D
01/09/2017Referred to Committee on Commerce and Labor
01/23/2017Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
01/25/2017Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/26/2017Read second time and engrossed
01/27/2017Read third time and passed Senate (39-Y 0-N) (see vote tally)
01/31/2017Placed on Calendar
01/31/2017Read first time
01/31/2017Referred to Committee on Commerce and Labor
02/02/2017Impact statement from SCC (SB1136)
02/14/2017Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
02/16/2017Read second time
02/17/2017Read third time
02/17/2017Passed House BLOCK VOTE (99-Y 0-N)
02/17/2017VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/22/2017Enrolled
02/22/2017Bill text as passed Senate and House (SB1136ER)
02/22/2017Signed by President
02/22/2017Signed by Speaker
02/23/2017Enrolled Bill Communicated to Governor on 2/23/17
02/23/2017G Governor's Action Deadline Midnight, March 27, 2017
02/23/2017Impact statement from SCC (SB1136ER)
03/20/2017G Approved by Governor-Chapter 654 (effective 7/1/17)
03/20/2017G Acts of Assembly Chapter text (CHAP0654)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 32 seconds.

Transcript

This is a transcript of the video clips in which this bill is discussed.

COMMUNITY SERVICE WARDS TO SEE PEOPLE ON THE SAME DAY AND GIVE THEM CLINICAL ASSESSMENT. I MOVE THE BILL PASS. SENATE BILL 852. A BILL TO AMEND AND REENACT RELATING TO PET SHOPS. PROCUREMENT OF DOGS FROM UNLICENSED DEALERS. REPORTED FROM THE COMMITTEE ON AGRICULTURE, CHESAPEAKE AND NATURAL RESOURCES WITH A SUBSTITUTE. THE GENTLEMAN FROM VIRGINIA BEACH, MR. KNIGHT.

Del. Barry Knight (R-Virginia Beach): I MOVE THE COMMITTEE SUBSTITUTE.

Del. Bill Howell (R-Fredericksburg): THE QUESTION IS ON ADOPTION OF THE COMMITTEE SUBSTITUTE.