---
type: "Bill"
title: "Revise securities laws relating to fees paid by certain licensees"
description: "Revise securities laws relating to fees paid by certain licensees"
jurisdiction: "us/states/mt"
legislature: "Montana Legislature"
session: "2025"
identifier: "HB 137"
citation: "Montana HB 137 (2025)"
classification: ["bill"]
subjects: ["Revenue", "State", "Securities and Securities Regulation"]
status: "enacted"
primary_sponsors: ["Steve Fitzpatrick"]
version_count: 55
action_count: 43
vote_count: 9
first_action: "2024-12-07T22:53:46+00:00"
last_action: "2025-05-16T14:28:34+00:00"
source: "openstates"
source_identifier: "ocd-bill/a862f66d-9c8c-46ef-90e5-bba01ef7e461"
source_url: "https://bills.legmt.gov/#/laws/bill/2/LC2275?open_tab=sum"
source_hash: "75ca3c3bec49deff04a0d7bf6ec85475e612833f8677106964541c15de1a1ca9"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-mt"]
---

# Montana HB 137 (2025) — Revise securities laws relating to fees paid by certain licensees

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **HB0137.001.001_Amendments-in-Context_final-full.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272329)
2. **HB0137.002.001_Amendments-in-Context_final-full.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=310345)
3. **HB0137.002.001_Amendments-in-Context_final-not condensed.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=310346)
4. **HB0137_1(1).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=270017)
5. **HB0137_1(2).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=270122)
6. **HB0137_1(3).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272791)
7. **HB0137_1(4).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272792)
8. **HB0137_1(5).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272793)
9. **HB0137_1(6).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272794)
10. **HB0137_1(7).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=275378)
11. **HB0137_1(8).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=276427)
12. **HB0137_1.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=270016)
13. **HB0137_2(1).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272797)
14. **HB0137_2(10).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=275643)
15. **HB0137_2(11).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=276675)
16. **HB0137_2(12).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=295423)
17. **HB0137_2(13).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=311255)
18. **HB0137_2(14).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=311256)
19. **HB0137_2(15).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=311257)
20. **HB0137_2(16).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=311258)
21. **HB0137_2(2).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272798)
22. **HB0137_2(3).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272799)
23. **HB0137_2(4).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272838)
24. **HB0137_2(5).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272839)
25. **HB0137_2(6).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272840)
26. **HB0137_2(7).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272841)
27. **HB0137_2(8).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=274398)
28. **HB0137_2(9).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=274975)
29. **HB0137_2.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=272796)
30. **HB0137_3(1).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=311260)
31. **HB0137_3(10).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=314522)
32. **HB0137_3(11).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=314524)
33. **HB0137_3(2).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=311261)
34. **HB0137_3(3).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=311262)
35. **HB0137_3(4).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=311373)
36. **HB0137_3(5).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=311374)
37. **HB0137_3(6).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=311375)
38. **HB0137_3(7).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=311562)
39. **HB0137_3(8).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=312092)
40. **HB0137_3(9).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=314521)
41. **HB0137_3.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=311259)
42. **HB0137_X(1).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=314527)
43. **HB0137_X(10).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=323133)
44. **HB0137_X(11).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=325026)
45. **HB0137_X(12).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=326539)
46. **HB0137_X(2).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=314528)
47. **HB0137_X(3).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=317188)
48. **HB0137_X(4).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=317439)
49. **HB0137_X(5).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=317440)
50. **HB0137_X(6).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=317441)
51. **HB0137_X(7).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=320861)
52. **HB0137_X(8).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=323131)
53. **HB0137_X(9).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=323132)
54. **HB0137_X.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=314525)
55. **LC2275.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=269717)

## Votes

- Do Pass — **99–1** (pass) · lower
- Do Concur — **94–4** (pass) · lower
- Do Concur — **50–0** (pass) · upper
- Do Concur As Amended — **50–0** (pass) · upper
- Do Pass — **96–2** (pass) · lower
- do_pass_as_amended — **20–0** (pass) · lower
- AMD-HB0137.002.001 Gillespie D/PASS — **50–0** (pass) · upper
- be_concurred_in — **11–0** (pass) · upper
- Do Concur — **97–2** (pass) · lower

## Sponsors

- Steve Fitzpatrick — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-12-07T22:53:46+00:00** (LC) Drafter Assigned
- **2024-12-31T21:07:44+00:00** (LC) Draft in Legal Review
- **2025-01-01T17:14:56+00:00** (LC) Draft in Edit
- **2025-01-03T15:46:53+00:00** (LC) Draft in Input/Proofing
- **2025-01-03T16:30:18+00:00** (LC) Draft in Final Drafter Review
- **2025-01-04T21:59:41+00:00** (LC) Draft in Assembly
- **2025-01-07T00:31:39+00:00** (LC) Draft Ready for Delivery
- **2025-01-08T16:02:32+00:00** (LC) Draft Delivered to Requester
- **2025-01-08T16:03:16+00:00** (H) Introduced
- **2025-01-08T16:06:56+00:00** (H) Fiscal Note Requested
- **2025-01-08T19:06:41+00:00** (H) Referred to Committee - (H) Business and Labor `referral-committee`
- **2025-01-08T20:11:08+00:00** (H) First Reading `reading-1`
- **2025-01-13T17:51:22+00:00** (H) Hearing - (H) Business and Labor
- **2025-01-14T02:20:42+00:00** (H) Fiscal Note Received `receipt`
- **2025-01-14T21:18:43+00:00** (H) Fiscal Note Unsigned
- **2025-01-15T17:05:37+00:00** (H) Fiscal Note Printed
- **2025-01-17T19:30:52+00:00** (H) Committee Executive Action--Bill Passed as Amended - (H) Business and Labor `committee-passage`
- **2025-01-20T21:58:40+00:00** (H) Committee Report--Bill Passed as Amended - (H) Business and Labor `committee-passage`
- **2025-01-24T21:20:00+00:00** (H) 2nd Reading Passed `reading-2, reading-2`
- **2025-01-27T22:07:00+00:00** (H) 3rd Reading Passed `passage, reading-3`
- **2025-01-27T22:26:06+00:00** (H) Transmitted to Senate
- **2025-01-28T20:54:55+00:00** (S) First Reading `reading-1`
- **2025-02-18T01:28:41+00:00** (S) Referred to Committee - (S) Business, Labor and Economic Affairs `referral-committee`
- **2025-02-27T18:26:58+00:00** (S) Hearing - (S) Business, Labor and Economic Affairs
- **2025-03-19T17:32:12+00:00** (S) Committee Executive Action--Bill Concurred - (S) Business, Labor and Economic Affairs
- **2025-03-20T21:42:00+00:00** (S) Committee Report--Bill Concurred - (S) Business, Labor and Economic Affairs
- **2025-04-15T19:00:00+00:00** (S) Scheduled for 2nd Reading `reading-2`
- **2025-04-15T19:29:00+00:00** (S) 2nd Reading Motion to Amend Carried `reading-2`
- **2025-04-15T19:30:00+00:00** (S) 2nd Reading Concurred as Amended `reading-2, reading-2`
- **2025-04-16T19:00:00+00:00** (S) Scheduled for 3rd Reading `reading-3`
- **2025-04-16T19:31:00+00:00** (S) 3rd Reading Concurred `passage, reading-3`
- **2025-04-16T21:07:28+00:00** (S) Returned to House with Amendments
- **2025-04-18T16:00:00+00:00** (H) Scheduled for 2nd Reading `reading-2`
- **2025-04-18T18:02:00+00:00** (H) 2nd Reading Senate Amendments Concurred `amendment-amendment, amendment-passage, reading-2, reading-2`
- **2025-04-22T16:00:00+00:00** (H) Scheduled for 3rd Reading `reading-3`
- **2025-04-22T16:35:00+00:00** (H) 3rd Reading Passed as Amended by Senate `passage, passage, reading-3, reading-3`
- **2025-04-22T21:18:16+00:00** (H) Sent to Enrolling
- **2025-04-24T20:11:05+00:00** (H) Returned from Enrolling
- **2025-05-01T18:00:49+00:00** (H) Signed by Speaker `passage`
- **2025-05-02T16:00:00+00:00** (S) Signed by President `passage`
- **2025-05-05T16:05:54+00:00** (H) Transmitted to Governor `executive-receipt`
- **2025-05-12T17:14:00+00:00** (H) Signed by Governor `executive-signature`
- **2025-05-16T14:28:34+00:00** Chapter Number Assigned `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a862f66d-9c8c-46ef-90e5-bba01ef7e461`. Confidence: reported (aggregated from official Montana legislature records).