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Minutes for SB406 - Committee on Financial Institutions and Pensions

Short Title

Enacting the Kansas money transmission act.

Minutes Content for Mon, Mar 18, 2024

Chair Hoheisel opened the hearing on SB 406 and recognized David Wiese, Senior Revisor of Statutes, who provided an overview on SB 406, (Attachment3).  Question and answer period followed.

Proponent - Chair Hoheisel recognized Brock Roehler, General Counsel, Office of the State Bank Commissioner, who provided testimony in support of SB 406, (Attachment4).  Question and answer period followed.

Neutral - Chair Hoheisel recognized Andrew Wiens, Dugan Consulting Group, who provided neutral testimony on behalf of Independent Payroll Providers Association, and offered an amendment to the SB 406, included in his testimony. (Attachment5). Question and answer period followed.

Opponent - None

Chair Hoheisel closed the hearing on SB 406.