# HB 1032 Summary HB 1032 updates South Dakota's money transmission rules to modernize how the state regulates companies that transfer money, such as wire transfer services and payment processors. The bill revises licensing requirements, operational standards, and consumer protections for these money transmission businesses to reflect current industry practices and technology. This change makes South Dakota's regulations more competitive with other states while maintaining safeguards for consumers sending money.
This bill does not directly amend codified state law.
Signed by the Governor H.J. 760
Delivered to the Governor H.J. 674
Signed by the President S.J. 637
Signed by the Speaker H.J. 647
Senate Do Pass Passed, YEAS 32, NAYS 0. S.J. 596
Commerce and Energy Placed on consent
Commerce and Energy Do Pass Passed, YEAS 6, NAYS 0. S.J. 547
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 157
House of Representatives Do Pass Passed, YEAS 65, NAYS 0. H.J. 148
House of Representatives Deferred to another day H.J. 141
Commerce and Energy Placed on consent
Commerce and Energy Do Pass Passed, YEAS 13, NAYS 0. H.J. 128
Commerce and Energy Scheduled for hearing
First read in House and referred to House Commerce and Energy H.J. 23
Do Pass
Commerce and Energy — Do Pass
Commerce and Energy — Do Pass