Alabama House Financial Services Committee March 18, 2026

House committee (name not specified in transcript) · March 18, 2026

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Opening and prayer; meeting called to order

Presentation

4:05 → 5:00(55s)

Chair opened the committee at 9 a.m., called for roll and led a prayer for servicemembers; announced a single bill (HB585 by Representative Fiddler) was on the calendar and that the session would be a public hearing with no vote today.

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A state House committee held a public hearing on HB585, a bill that would add a 1.5% fee to certain outgoing international electronic wire transfers originating in Alabama, create reporting/recordkeeping requirements for money transmission businesses, and direct proceeds to the Office of Prosecution Services and county sheriffs; the hearing collected broad public opposition and no vote was taken.

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Transcript

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