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IA HF2750
Bill
Status
4/8/2026
Primary Sponsor
Ways and Means
Click for details
AI Summary
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Imposes a $5 fee on international wire transmissions of $500 or less, plus an additional 2% fee on any amount exceeding $500, collected by licensed money transmitters or their authorized delegates.
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Defines "wire transmission" as money transmission by wire to or from locations abroad.
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Requires licensees to remit collected fees quarterly to the Department of Revenue by the 15th day of the month following each calendar quarter.
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Allocates 10% of collected fees to the Office to Combat Human Trafficking, with the remaining 90% deposited into the state general fund.
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Authorizes the Superintendent of Banking to suspend or revoke licenses of non-compliant transmitters and file claims against their surety bonds on behalf of the state.
Legislative Description
A bill for an act relating to the collection and distribution of fees for wire transmissions, the establishment of the school security grant program, and including contingent effective date provisions. (Formerly HF 601.)
Last Action
Fiscal note.
4/22/2026