AB500Introduced in the Assembly
Provides for the licensure and regulation of payments banks. (BDR 55-999)
Introduced by Steve Yeager, District 9
What does this bill do?
Plain-English breakdown
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Official description
AN ACT relating to financial institutions; providing for the licensure and regulation by the Commissioner of Financial Institutions of payments banks; setting forth various procedures and requirements for the organization and licensure of payments banks; setting forth the powers and duties of the Commissioner with respect to payments banks; imposing various requirements and restrictions concerning the operation of payments banks; establishing certain prohibited acts relating to payments banks; revising certain provisions relating to financial institutions; making an appropriation; providing penalties; and providing other matters properly relating thereto.
Where it stands
(No further action taken.)
June 3, 2025
How did lawmakers vote?
AssemblyStage: Assembly Final Passage · June 1, 2025
20
Yes
22
No
0
Absent or Not Voting
42 assemblymembers recorded in this Assembly vote. Colors show vote categories only, not whether a vote was good or bad.
See how each assemblymember voted
| Assemblymember | District | Vote |
|---|---|---|
| Daniele Monroe-Moreno | 1 | Yes |
| Heidi Kasama | 2 | No |
| Selena Torres-Fossett | 3 | Yes |
| Lisa Cole | 4 | No |
| Brittney Miller | 5 | Yes |
| Jovan Jackson | 6 | Yes |
| Tanya Flanagan | 7 | No |
| Duy Nguyen | 8 | Yes |
| Steve Yeager | 9 | Yes |
| Venise Karris | 10 | Yes |
Bill history
Read first time. Referred to Committee on Commerce and Labor. To printer.
From printer. To committee.
From committee: Do pass.
Notice of eligibility for exemption.
Read second time.
Taken from General File.
Rereferred to Committee on Ways and Means. Exemption effective. To committee.
From committee: Amend, and do pass as amended.
Placed on General File.
Read third time. Amended. (Amend. No. 890.) To printer.
From printer. To engrossment. Engrossed. First reprint.
Read third time. Lost. (Yeas: 25, Nays: 17.)
Action reconsidered.
Taken from General File.
Placed on Chief Clerk's desk.
Taken from Chief Clerk's desk.
Placed on General File.
Read third time. Amended. (Amend. No. 966.)
Dispensed with reprinting.
Read third time. Lost. (Yeas: 20, Nays: 22.)
To printer.
From printer. To reengrossment. Reengrossed. Second reprint.
(No further action taken.)
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