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Finance committee approves H 648 with technical edits, extends virtual-currency kiosk moratorium
Summary
The committee approved H 648, a Department of Financial Regulation housekeeping bill, adopting four amendments: changing 'registration' to 'license' for certain firms, deleting a contested Community Reinvestment Act substitution, extending a virtual-currency kiosk moratorium one year, and narrowing a securities notice-filing exemption. The amended bill passed 7-0.
The Finance committee voted to amend and approve H 648, the Department of Financial Regulation’s annual housekeeping bill addressing banks and securities, adopting four changes and passing the amended bill 7-0.
Maria Rowe, who identified herself at the start of the meeting, outlined the package and its goals. She said the first change replaces the word “registration” with “license” for certain consumer-litigation companies to “make the language of the statute a bit more consistent.”
The committee also reviewed proposed clarifying definitions for the term…
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