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Committee hears bill to impose fee on in‑person cash remittances for international transfers; sponsor to carry bill over for further study
Summary
House Bill 297 would impose a 4% fee on certain in‑person cash remittances sent internationally via nonbank money‑transfer services and direct revenues to county education, hospital and sheriff funds; the committee approved a clarifying amendment but carried the bill over for additional member review and information gathering.
House Bill 297, sponsored by Representative Fiddler, would impose a fee on certain in‑person cash transfers sent internationally through money‑transfer businesses that operate outside the traditional banking system. The sponsor described the fee as targeted at cash remittances routed through in‑person services (for example, Western Union or MoneyGram) rather than bank wires, card payments, or digital payment platforms such as PayPal or Venmo.
Representative Fiddler said the bill would impose a 4% fee on covered cash transfers, with revenues distributed…
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