2025 Regular Session • Connecticut Legislature
HB06991: An Act Concerning Definitions Applicable To The Money Transmission Statutes And Solicitations And Advertisements By Money Transmission Licensees.
Legislative Summary
To (1) define "digital wallet" and redefine "money transmission" and "stored value" for the purposes of the money transmission statutes, and (2) provide that no solicitation or advertisement by a money transmission licensee shall include any statement or claim that funds deposited with such licensee are eligible for Federal Deposit Insurance Corporation protections.
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
2/19/2025
Referred to Joint Committee on Banking
House of Representatives
2/20/2025
Public Hearing 02/27
House of Representatives
3/6/2025
Joint Favorable
House of Representatives
3/6/2025
Filed with Legislative Commissioners' Office
House of Representatives
3/17/2025
Referred to Office of Legislative Research and Office of Fiscal Analysis 03/24/25 12:00 PM
House of Representatives
3/24/2025
Reported Out of Legislative Commissioners' Office
House of Representatives
3/24/2025
Favorable Report, Tabled for the Calendar, House
House of Representatives
3/24/2025
House Calendar Number 147
House of Representatives
3/24/2025
File Number 194
House of Representatives
Roll Call Votes
BA Vote Tally Sheet (Joint Favorable)
3/6/2025
12
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Status Information
Current Status
Introduced(2/19/2025)
Chamber
House of Representatives
Sponsors
Republican: 1
Primary Sponsor
Tom Delnicki
Republican