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HB2337: Imposing a fee on each international transaction by a money transmitter by wire, allowing the state bank commissioner to assess penalties for the nonpayment of such fee, providing for the distribution of such fee and penalty moneys, establishing the criminal litigation fund, wire transfer fee fund and prosecutor and law enforcement grant fund and creating a misdemeanor crime of unlawful transmission of a wire transfer and providing criminal penalties therefor.

IntroducedHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed

Plain-Language Summary

This bill proposes a fee on international wire transfers made by money transmitters. The state bank commissioner can fine those who don't pay this fee.

Who This Affects

Kansans who send or receive international wire transfers will be affected by this bill. This includes individuals and businesses that rely on these transactions for financial transactions.

Key Provisions

• Imposes a fee on each international wire transfer made by money transmitters • Allows the state bank commissioner to fine those who don't pay this fee • Creates three funds: criminal litigation, wire transfer fee, and prosecutor and law enforcement grant

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Timeline

Introduced

Thursday, February 6, 2025

Last Action

House Hearing: Monday, February 17, 2025, 9:00 AM Room 582-N

Feb 16, 2025

Sponsors

No sponsors listed.

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