Filed April 8, 2026 in the House by
In plain words
AI summary This amendment replaces the entire bill to create a new rule requiring money transmitters to collect specific fees on wire transfers to or from locations abroad. These fees would be sent to the department of revenue, which would then give 90 percent of the money to the office to combat human trafficking and 10 percent to the state's general fund.1
What it changes
- By striking page 1, line 1, through page 2, line 5, and inserting: “Amend House File 2750 as follows:
- By striking everything after the enacting clause and inserting: “Section
- NEW SECTION . 533C.1004 Wire transmission fees.
- For purposes of this section, “wire transmission” means money transmission by wire to or from locations abroad.
- In addition to any other fee required by law for a wire transmission, a licensee or the licensee’s authorized delegate shall collect from a customer a fee of five dollars for each wire transmission equal to or less than five hundred dollars, and in addition to such fee, if applicable, an amount equal to two percent of the amount of the wire transmission in excess of five hundred dollars.
- The fees collected under subsection 2 shall be remitted quarterly by the licensee or the licensee’s authorized delegate to the department of revenue in the form and manner prescribed by the department of revenue, in consultation with the department of public safety. All required forms and remittances shall be filed with the department of revenue no later than the fifteenth day of the month following the close of each calendar quarter.
- The department of revenue shall account for all fees remitted under subsection 3 and pay ninety percent of the same to the office to combat human trafficking established in section 80.45, and deposit the remaining ten percent in the general fund of the state.
- a. The department of revenue, in consultation with the department of public safety, shall enforce the provisions of this section. b. If a licensee or licensee’s authorized delegate fails to comply with subsection 3, the department of revenue shall notify the superintendent who may suspend or revoke the -1- H 8333.3929 (1) 91 nls/ko 1/ 2 licensee’s license under section 533C.901, and may issue an order suspending or revoking the designation of an authorized delegate under section 533C.902. Notification of a suspension under this paragraph shall be delivered to the commissioner of public safety and the department of revenue. c. Upon request by the department of revenue, the superintendent may file a claim against the surety bond of the licensee on behalf of the state.””