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Money Transmission Act.

It became law on Oct 8, 2023.

CA AB 1116 · Assembly Bill · 2023–2024

Stage
Became law
Started in
Assembly
Sponsor
1
Latest action
Oct 8, 2023

What it does

The Money Transmission Act generally provides for the regulation of money transmission, as defined, by the Commissioner of Financial Protection and Innovation. The act provides for certain exemptions from the act, including an exemption for the United States or a department, agency, or instrumentality thereof, including a federal reserve bank and a federal home loan bank.

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Oct 8, 2023

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Money Transmission Act. | 52