SB 2828 Money Transmission Modernization Act

  • Status: Passed both chambers
  • Position: Oppose
  • Bill Number: SB 2828
  • Latest Update: March 23, 2026
bad legislation

Summary

SB 2828 proposes a fee on money transmission services to fund state-local ICE partnership enforcement (287(g) program). It requires licensees to collect $7.50 for transactions less than $500 and 1.5% for amounts over $500, split between the Law Enforcement 287(g) Program Fund and the state General Fund.

Authors:
Senator(s) Johnson