HB436 (2017) Detail

Exempting persons using virtual currency from registering as money transmitters.


CHAPTER 70

HB 436 - FINAL VERSION

 

8Mar2017... 0441h

2017 SESSION

17-0621

08/04

 

HOUSE BILL 436

 

AN ACT exempting persons using virtual currency from registering as money transmitters.

 

SPONSORS: Rep. Biggie, Hills. 23; Rep. Ammon, Hills. 40

 

COMMITTEE: Commerce and Consumer Affairs

 

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AMENDED ANALYSIS

This bill exempts persons using virtual currency from being licensed as money transmitters.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

8Mar2017... 0441h 17-0621

08/04

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Seventeen

 

AN ACT exempting persons using virtual currency from registering as money transmitters.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

70:1  New Paragraph; Money Transmitters; Registration; Exemptions.  Amend RSA 399-G:3 by inserting after paragraph VI the following new paragraph:

VI-a.  Persons who engage in the business of selling or issuing payment instruments or stored value solely in the form of convertible virtual currency or receive convertible virtual currency for transmission to another location.  Such persons shall be subject to the provisions of RSA 358-A.  

70:2  Effective Date.  This act shall take effect 60 days after its passage.

 

Approved: June 02, 2017

Effective Date: August 01, 2017

Links

HB436 at GenCourtMobile

Action Dates

Date Body Type
Jan. 25, 2017 House Hearing
Feb. 7, 2017 House Exec Session
Feb. 14, 2017 House Exec Session
March 8, 2017 House Floor Vote
April 4, 2017 Senate Hearing
April 20, 2017 Senate Floor Vote
April 20, 2017 Senate Floor Vote

Bill Text Revisions

HB436 Revision: 1088 Date: June 6, 2017, 11:27 a.m.
HB436 Revision: 1089 Date: April 21, 2017, 12:55 p.m.
HB436 Revision: 1090 Date: March 10, 2017, 2:15 p.m.
HB436 Revision: 1091 Date: Jan. 27, 2017, 11:51 a.m.

Docket

Date Status
Jan. 5, 2017 Introduced 01/05/2017 and referred to Commerce and Consumer Affairs HJ 3 P. 13
Jan. 25, 2017 Public Hearing: 01/25/2017 01:15 PM LOB 302
Feb. 1, 2017 Subcommittee Work Session: 02/01/2017 09:00 AM LOB 303
Feb. 7, 2017 ==RECESSED== Executive Session: 02/07/2017 01:00 PM LOB 302
Feb. 14, 2017 ==CONTINUED== Executive Session: 02/14/2017 01:30 PM LOB 302
March 8, 2017 Majority Committee Report: Ought to Pass with Amendment # 2017-0441h for 03/08/2017 (Vote 11-9; RC)
Minority Committee Report: Inexpedient to Legislate
March 8, 2017 Amendment # 2017-0441h: AA VV 03/08/2017 HJ 9 P. 59
March 8, 2017 Ought to Pass with Amendment 0441h: MA RC 185-170 03/08/2017 HJ 9 P. 59
March 9, 2017 Introduced 03/09/2017 and Referred to Commerce; SJ 9
April 4, 2017 Hearing: 04/04/2017, Room 100, SH, 01:30 pm; SC 17
April 20, 2017 Committee Report: Ought to Pass, 04/20/2017; SC 19
April 20, 2017 Special Order HB 436 to after the C of C Report, Without Objection, MA; 04/20/2017; SJ 14
April 20, 2017 Ought to Pass: RC 13Y-10N, MA; OT3rdg; 04/20/2017; SJ 14
April 27, 2017 Enrolled (In recess 04/27/2017); SJ 16
April 20, 2017 Enrolled 04/20/2017 HJ 14 P. 26
June 2, 2017 Signed by Governor Sununu 06/02/2017; Chapter 70; Eff. 8/1/2017