2026 Senate Bill 835

Financial institutions: money transmitters; money transmission modernization act; create.

A bill to regulate the business of money transmission; to require the licensing of persons engaged in the business of money transmission; to prescribe the powers and duties of certain state and local officers and entities; to prescribe penalties and civil sanctions; and to repeal acts and parts of acts.

Introduced in the Senate

March 17, 2026

Introduced by Sen. Rosemary Bayer (D-13) and four co-sponsors

Co-sponsored by Sens. Roger Victory (R-31), Mary Cavanagh (D-6), John Damoose (R-37) and Veronica Klinefelt (D-11)

Referred to the Committee on Finance, Insurance, and Consumer Protection