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NE LB201

Bill

Status

Introduced

1/14/2025

Primary Sponsor

Kathleen Kauth

Click for details

Origin

Legislature

109th Legislature

AI Summary

  • Imposes a mandatory fee on all money transmission transactions sent to recipients outside the United States, collected by licensed money transmitters and their authorized delegates

  • Fee amount is 10% of the transaction value or $10,000, whichever is less

  • Fees must be remitted quarterly to the department by the 15th day of the month following each calendar quarter, using forms developed with Nebraska State Patrol assistance

  • Amends the Nebraska Money Transmitters Act (sections 8-2701 to 8-2747) to incorporate the new fee requirement

  • Becomes operative on January 1, 2026

Legislative Description

Provide for a fee under Nebraska Money Transmitters Act

Last Action

Title printed. Carryover bill

1/7/2026

Committee Referrals

Banking, Commerce and Insurance1/16/2025

Full Bill Text

No bill text available