AN ACT CONCERNING VARIOUS REVISIONS TO THE MONEY TRANSMISSION STATUTES, STATE PAYMENTS AND INVESTMENTS IN VIRTUAL CURRENCY AND MINORS' MONEY SHARING APPLICATION ACCOUNTS.

HB 7082 updates state laws governing money transmission services (like Western Union), state payment systems, and investments in virtual currencies (such as Bitcoin). It specifically clarifies rules for businesses handling digital currency transactions and establishes new requirements for "money sharing applications" used by parents to manage funds for minors. The law directly affects financial service providers, state agencies managing payments, and app developers offering youth-focused money management tools. As Public Act 25-66 (signed June 30, 2025), it amends existing statutes to modernize financial regulations and protect minors' accounts.