SB 287 Louisiana Senate · 2026 Regular Session

BANKS/BANKING: Provides relative to virtual currency. (8/1/26)

SB 287 regulates virtual currency kiosks in Louisiana by requiring operators to: (1) process cancellation/refund requests within 10 business days and complete refunds within 90 days; (2) provide live toll-free phone support during operating hours; (3) disclose transaction terms, including a 72-hour cancellation window before irreversible transactions; and (4) issue detailed receipts showing refund policies, fees, and complaint contacts. It directly affects kiosk operators and customers using virtual currency services. The bill mandates quarterly reports to the financial institutions commissioner tracking all customer cancellation requests. These provisions aim to enhance consumer transparency and recourse for virtual currency transactions.

Issues: ✓ Technology

Bill status signed all 5 stages cleared

Introduction

Feb 2026

Committee Review

May 2026

Senate Passage

May 2026

House Passage

May 2026

Signed into Law

May 2026

Introduced Feb 27, 2026 Signed May 29, 2026

Maddy AI version diff · 5 comparisons

What changed between versions

Senate Floor Bureau Note, #1538, Reese, Adopted → SB287 Act 482 · 5 edits

MODERATE

This bill updates Louisiana laws regarding virtual currency by establishing new protections for consumers using virtual currency kiosks. It mandates that kiosk operators must allow users to cancel transactions and receive a full refund within 72 hours, and it requires operators to provide live customer support and submit quarterly reports on refund requests to the state commissioner.

Scope change

The bill expands the regulatory scope to specifically include virtual currency kiosks, which were not explicitly covered in the previous version of the bill.

REQUIREMENT

Requires virtual currency kiosk operators to wait 72 hours before processing a transaction or allow immediate cancellation with a full refund at the operator's cost.

Mandates that kiosk operators provide live customer support via a toll-free number displayed on the kiosk and included on receipts.

Updates disclosure requirements to inform residents of their right to contact the office of financial institutions regarding kiosk complaints.

ENFORCEMENT

Requires kiosk owners to submit quarterly reports to the commissioner detailing all cancellation and refund requests made by residents.

TIMELINE

Sets a 10-business-day window for operators to respond to cancellation requests and a 90-calendar-day limit for processing refunds.

Floor votes · Senate Apr 7, 2026 · House May 18, 2026

How they voted

37–0

Passed · 3 other

Total votes 40

Apr 7, 2026

D Democratic12

10 Yea 2

83% Yea

R Republican28

27 Yea 1

96% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 20, 2026

Upper · Passed

Amendments proposed by the House read and concurred in by a vote of 32 yeas and 0 nays.

upper

May 18, 2026

Lower · Passed

Read third time by title, roll called on final passage, yeas 96, nays 0. Finally passed, ordered to the Senate.

lower

May 12, 2026

Introduced

Reported without Legislative Bureau amendments.

lower

May 11, 2026

Lower · Passed

Reported with amendments (11-0). Referred to the Legislative Bureau.

lower

Apr 9, 2026

Committee

Read by title, under the rules, referred to the Committee on Commerce.

lower

Apr 7, 2026

Upper · Passed

Senate floor amendments read and adopted. Read by title and passed by a vote of 36 yeas and 0 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled.

upper

Mar 25, 2026

Upper · Passed

Reported with amendments.

upper

Mar 9, 2026

Committee

Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Commerce, Consumer Protection and International Affairs.

upper

1 primary · 0 co-sponsors