HB4429 Summary

• Requires currency exchange license applicants to provide a statement confirming the business is in good standing with the State of Illinois and in compliance with the Department of Revenue.

• Repeals the provision allowing community currency exchanges and ambulatory currency exchanges to distribute Supplemental Nutrition Assistance Program (SNAP) benefits.

• Repeals the provision prohibiting community currency exchanges and ambulatory currency exchanges from issuing tokens to be used instead of money for purchasing goods or services.