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HB1049Introduced in the House

Relating To The Money Transmitters Modernization Act.

IntroducedHouse Finance

Introduced by Nadine Nakamura, District 15

What does this bill do?

Plain-English breakdown

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Official description

Includes, for purposes of the Money Transmitters Modernization Act, receivables due from payment processors for certain debit or credit card transactions. Clarifies the calculation of tangible net worth. Changes the initial annual fee assessed upon the submission of the application to an initial fee assessed upon the approval of the application. Effective 7/1/3000. (HD1)

Where it stands

Carried over to 2026 Regular Session.

December 8, 2025

How did lawmakers vote?

No recorded vote is available for this bill yet.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

Bill history

  1. Pending introduction.

  2. Introduced and Pass First Reading.

  3. Referred to CPC, FIN, referral sheet 3

  4. Bill scheduled to be heard by CPC on Tuesday, 02-04-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.

  5. The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Kong, Lowen.

  6. Reported from CPC (Stand. Com. Rep. No. 423) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

  7. Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2).

  8. Carried over to 2026 Regular Session.

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