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LA SB287

Bill

Status

Introduced

2/27/2026

Primary Sponsor

Mike Reese

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Virtual currency kiosk operators must acknowledge and respond to cancellation/refund requests within 10 business days, with refunds completed within 90 calendar days

  • Kiosk operators must provide live customer support via toll-free telephone during operating hours, with the number displayed on kiosks and transaction receipts

  • Operators must submit quarterly reports to the commissioner of financial institutions detailing all cancellation and refund requests, including customer information, transaction dates, and amounts

  • Transaction receipts must be provided in both paper and electronic form, including the operator's unique identifier, full fee disclosures (including third-party fees), and refund policy information

  • New account disclosures must inform residents of their right to contact the Office of Financial Institutions with complaints, including the agency's telephone number; effective August 1, 2026

Legislative Description

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

BANKS/BANKING

Last Action

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

3/9/2026

Committee Referrals

Commerce, Consumer Protection, and International Affairs2/27/2026

Full Bill Text

No bill text available