Bill > HB754

This bill modifies standards for various financial organizations and introduces several new provisions across different areas of financial regulation. The bill spans multiple sections and addresses topics such as tax credits, money transmission, virtual currency kiosks, electronic wills, commercial financing disclosures, and banking regulations. Key provisions include establishing a new "Virtual Currency Kiosk Consumer Protection Act" with detailed requirements for virtual currency kiosk operators, creating standards for electronic wills and estate planning documents, modifying commercial financing disclosure requirements, and introducing a "Constitutional Money Act" that recognizes electronic specie currency as legal tender. The bill also includes provisions for trusted contact programs in banks and credit unions, allows for more flexible board meeting participation for financial institutions, and makes various technical amendments to existing financial regulations. The comprehensive nature of the bill suggests an effort to update and modernize financial services regulations in Missouri, with a particular focus on technological innovations in financial transactions and document management.

Budget and Finance, Business and Industry, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB754&year=2025&code=R