SB 58 revises South Dakota's money transmission rules by updating definitions and licensing requirements for businesses that transfer money on behalf of customers. The bill repeals several outdated provisions and significantly expands the regulations governing how money transmitters must operate, creating clearer rules for financial services companies operating in the state.
This bill does not directly amend codified state law.
Signed by the Governor S.J. 528
Delivered to the Governor S.J. 480
Signed by the Speaker H.J. 468
Signed by the President S.J. 461
Senate Concurred in amendments Passed, YEAS 31, NAYS 3. S.J. 441
House of Representatives Do Pass Amended Passed, YEAS 51, NAYS 18. H.J. 404
House of Representatives Deferred to another day H.J. 389
Commerce and Energy Do Pass Amended Passed, YEAS 11, NAYS 2.
Commerce and Energy Motion to amend
Commerce and Energy Scheduled for hearing
First read in House and referred to House Commerce and Energy H.J. 238
Senate Do Pass Amended Passed, YEAS 29, NAYS 2. S.J. 238
Commerce and Energy Do Pass Amended Passed, YEAS 8, NAYS 0.
Commerce and Energy Motion to amend
Commerce and Energy Scheduled for hearing S.J. 1
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 17
Concurred in amendments
Do Pass Amended
Commerce and Energy — Do Pass Amended
Do Pass Amended
Commerce and Energy — Do Pass Amended