SB1368Introduced in the Senate
Relating To The Money Transmitters Modernization Act.
Introduced by Ronald Kouchi, District 8
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Aligns the State's Money Transmitters Modernization Act with the Model Money Transmitters Modernization Act, thereby enabling Hawaii to work within a network of states to license, supervise, and examine transglobal money transmission companies as a multistate system; adopts nationwide standards that provide clarity and consistency in calculating the tangible net worth of licensees; ensures that licensees have sufficient financial resources to conduct their business in a safe and sound manner; and promotes efficiency throughout the licensing process.
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.
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Bill history
Pending Introduction.
Introduced and passed First Reading.
Referred to CPN, WAM.
Carried over to 2026 Regular Session.
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