republic-os/legislation/us/states/in/2023/sb-458.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Money transmitters.	Effective January 1, 2024, repeals the Indiana Code chapter governing the licensing and regulation of money transmitters by the department of financial institutions (department). Adds to the Indiana Code a new chapter codifying the Money Transmission Modernization Act (Act), to take effect January 1, 2024, and to be administered by the division of consumer credit within the department. Sets forth provisions contained in the Act that address the following: (1) Purposes of the Act. (2) Definitions of terms. (3) Exemptions from the Act's requirements. (4) The supervisory authority of the department under the Act. (5) The licensing of money transmitters. (6) The acquisition of control of a licensee. (7) Reporting and records requirements. (8) Authorized delegates of licensees. (9) Refunds of, and receipts for, money received for transmission. (10) Prudential standards for licensees. (11) The enforcement authority of the department. (12) The application of the Act to licensees that have been issued a license under the current statute. (13) Criminal penalties. Makes conforming references to provisions in the Indiana Code that cite the current money transmission statute.	us/states/in	Indiana General Assembly	2023	SB 458	Indiana SB 458 (2023)	bill	CONSUMER CREDIT AND PROTECTION (including UCCC) CRIMES AND OFFENSES generally FINANCIAL INSTITUTIONS INDIANA CODE UNIFORM STATE LAWS AND COMPACTS	enacted	Eric Bassler Mike Gaskill Mike Speedy	5	25	1	2023-01-19	2023-05-04	openstates	ocd-bill/6aa937f3-6e8f-446d-8a6f-a7e66edc1431	http://iga.in.gov/legislative/2023/bills/senate/458	eaae95232e0b71cf4cf675ab07d96ec8d51ecbb40ab9632068d94c7920467279	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-in

Indiana SB 458 (2023) — Money transmitters.

Effective January 1, 2024, repeals the Indiana Code chapter governing the licensing and regulation of money transmitters by the department of financial institutions (department). Adds to the Indiana Code a new chapter codifying the Money Transmission Modernization Act (Act), to take effect January 1, 2024, and to be administered by the division of consumer credit within the department. Sets forth provisions contained in the Act that address the following: (1) Purposes of the Act. (2) Definitions of terms. (3) Exemptions from the Act's requirements. (4) The supervisory authority of the department under the Act. (5) The licensing of money transmitters. (6) The acquisition of control of a licensee. (7) Reporting and records requirements. (8) Authorized delegates of licensees. (9) Refunds of, and receipts for, money received for transmission. (10) Prudential standards for licensees. (11) The enforcement authority of the department. (12) The application of the Act to licensees that have been issued a license under the current statute. (13) Criminal penalties. Makes conforming references to provisions in the Indiana Code that cite the current money transmission statute.

Version chain

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

1. Engrossed Senate Bill (S) (committee substitute) — source
2. Enrolled Senate Bill (S) (committee substitute) — source
3. Introduced Senate Bill (S) (committee substitute) — source
4. Senate Bill (H) (committee substitute) — source
5. Senate Bill (S) (committee substitute) — source

Votes

• SB 458 - Speedy - 3rd Reading — 84–3 (pass) · lower

Sponsors

• Eric Bassler — primary (person)
• Mike Gaskill — primary (person)
• Mike Speedy — primary (person)
• Lonnie Randolph — coauthor (person)

Timeline

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

• 2023-01-19 Authored by Senator Bassler
• 2023-01-19 First reading: referred to Committee on Insurance and Financial Institutions reading-1, referral-committee
• 2023-02-02 Committee report: amend do pass, adopted committee-passage
• 2023-02-06 Senator Gaskill added as second author
• 2023-02-09 Senator Randolph added as coauthor
• 2023-02-13 Second reading: ordered engrossed reading-2
• 2023-02-13 Placed back on second reading
• 2023-02-20 Amendment #2 (Young M) prevailed; voice vote amendment-passage
• 2023-02-20 Amendment #3 (Bassler) prevailed; voice vote amendment-passage
• 2023-02-20 Reread second time: amended, ordered engrossed reading-2
• 2023-02-21 Third reading: passed; Roll Call 146: yeas 45, nays 0 passage, reading-3, reading-3
• 2023-02-21 House sponsor: Representative Speedy
• 2023-02-22 Referred to the House referral
• 2023-02-28 First reading: referred to Committee on Financial Institutions reading-1, referral-committee
• 2023-03-30 Committee report: amend do pass, adopted committee-passage
• 2023-04-03 Second reading: ordered engrossed reading-2
• 2023-04-06 Third reading: passed; Roll Call 367: yeas 84, nays 3 passage, reading-3, reading-3
• 2023-04-06 Returned to the Senate with amendments receipt
• 2023-04-18 Motion to concur filed filing
• 2023-04-19 Senate concurred in House amendments; Roll Call 460: yeas 33, nays 7
• 2023-04-24 Signed by the President Pro Tempore passage
• 2023-04-28 Signed by the President of the Senate passage
• 2023-05-01 Signed by the Speaker passage
• 2023-05-04 Public Law 198 became-law
• 2023-05-04 Signed by the Governor executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/6aa937f3-6e8f-446d-8a6f-a7e66edc1431. Confidence: reported (aggregated from official Indiana legislature records).