COMMERCIAL REGULATIONS: Provides relative to the Louisiana Money Transmission Act
HB 1230 amends the Louisiana Money Transmission Act to update specific terminology and references within the state's commercial regulations. The bill makes minor text corrections, such as changing "Corporation" to "Company" and adjusting a federal legal citation number. These changes aim to ensure the law's language is consistent and accurately reflects current federal statutes. The legislation directly affects businesses and individuals operating as money transmitters in Louisiana by refining the legal framework they must follow.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2026
Committee Review
May 2026
House Passage
May 2026
Senate Passage
May 2026
Signed into Law
Jun 2026
Introduced Mar 31, 2026
Signed Jun 9, 2026
Maddy AI version diff · 5 comparisons
What changed between versions
Senate Floor Bureau Note, #3963, Mizell, Adopted
→
HB1230 Act 888
·
4 edits
MODERATE
The document provided is a diff showing the transition from a Senate floor amendment note to the final enrolled version of the bill. The primary change is the replacement of the amendment summary with the full, enacted text of the Louisiana Money Transmission Act, which modernizes regulations for money transmission businesses, standardizes licensing, and strengthens consumer protection measures.
Scope change
The bill's scope is now fully defined as the Louisiana Money Transmission Act, replacing the previous 'Sale of Checks and Money Transmission Act' and applying to all entities engaged in money transmission activities within the state.
SCOPE
The bill is formally enacted as Act No. 888, replacing the previous 'Sale of Checks and Money Transmission Act' with the new 'Louisiana Money Transmission Act'.
DEFINITION
New detailed definitions were added, including 'acting in concert,' 'authorized agent,' 'average daily money transmission liability,' and specific criteria for 'control' involving family members.
REQUIREMENT
The act establishes comprehensive requirements for licensing, record-keeping, auditing, reporting, and the use of the Nationwide Multistate Licensing System.
ENFORCEMENT
New provisions were added regarding bond requirements, permissible investments, and specific procedures for the suspension and revocation of licenses.
Floor votes · Senate May 25, 2026 · House Apr 27, 2026
How they voted
39–0
Passed · 1 other
Total votes 40
May 25, 2026
D
Democratic12
91% Yea
R
Republican28
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
28
Key actions
5
Committee
4
Amendments
1
May 29, 2026
Lower · Passed
Read by title, roll called, yeas 91, nays 1. The Senate amendments, having received two-thirds vote of the elected members, were concurred in.
lower
May 25, 2026
Upper · Passed
Rules suspended. Senate floor amendments read and adopted. Read by title, passed by a vote of 38 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
upper
May 14, 2026
Committee
Committee amendments read and adopted. Read by title and referred to the Legislative Bureau.
upper
May 13, 2026
Upper · Passed
Reported with amendments.
upper
Apr 27, 2026
Lower · Passed
Read third time by title, amended, roll called on final passage, yeas 98, nays 0. The bill, having received two-thirds vote of the elected members, was finally passed, title adopted, ordered to the Senate.
lower
Apr 20, 2026
Introduced
Read by title, amended, returned to the calendar.
lower
Apr 13, 2026
Lower · Passed
Reported with amendments (12-0).
lower
Apr 1, 2026
Committee
Read by title, under the rules, referred to the Committee on Commerce.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Daryl Deshotel
RRepublican
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