Alabama House Financial Services Committee March 18, 2026
House committee (name not specified in transcript) · March 18, 2026
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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