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NE LB201
Bill
Status
Introduced
1/14/2025
Primary Sponsor
Kathleen Kauth
Click for details
AI Summary
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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
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Fee amount is 10% of the transaction value or $10,000, whichever is less
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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
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Amends the Nebraska Money Transmitters Act (sections 8-2701 to 8-2747) to incorporate the new fee requirement
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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