# Connecticut HB 06991: AN ACT CONCERNING DEFINITIONS APPLICABLE TO THE MONEY TRANSMISSION STATUTES AND SOLICITATIONS AND ADVERTISEMENTS BY MONEY TRANSMISSION LICENSEES.

Connecticut HB 06991, AN ACT CONCERNING DEFINITIONS APPLICABLE TO THE MONEY TRANSMISSION STATUTES AND SOLICITATIONS AND ADVERTISEMENTS BY MONEY TRANSMISSION LICENSEES., is a 2025 Regular Session House bill sponsored by Banking Committee; status failed, last action 2025-03-24 (File Number 194) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/CT-HB06991-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Connecticut HB 06991
- State: Connecticut
- Session: 2025 Regular Session
- Title: AN ACT CONCERNING DEFINITIONS APPLICABLE TO THE MONEY TRANSMISSION STATUTES AND SOLICITATIONS AND ADVERTISEMENTS BY MONEY TRANSMISSION LICENSEES.
- Status: failed
- Chamber: House
- Introduced: 2025-02-19
- Last action: 2025-03-24, File Number 194
- Sponsor: Banking Committee
- Cosponsors: 0
- Subjects: banking
- Touches household money: no
- Roll calls: 1 (12 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

To (1) define "digital wallet" and redefine "money transmission" and "stored value" for the purposes of the money transmission statutes, and (2) provide that no solicitation or advertisement by a money transmission licensee shall include any statement or claim that funds deposited with such licensee are eligible for Federal Deposit Insurance Corporation protections.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Banking Committee

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-06 | House | BA Vote Tally Sheet (Joint Favorable) | pass | 12 | 0 |   |

## Actions (9)

- 2025-03-24: File Number 194 (legislature)
- 2025-03-24: House Calendar Number 147 (House)
- 2025-03-24: Favorable Report, Tabled for the Calendar, House (House)
- 2025-03-24: Reported Out of Legislative Commissioners' Office (legislature)
- 2025-03-17: Referred to Office of Legislative Research and Office of Fiscal Analysis 03/24/25 12:00 PM (legislature)
- 2025-03-06: Filed with Legislative Commissioners' Office (legislature)
- 2025-03-06: Joint Favorable (legislature)
- 2025-02-20: Public Hearing 02/27 (legislature)
- 2025-02-19: Referred to Joint Committee on Banking (legislature)

## Bill text

- File No. 194, 2025-03-24: [PDF](https://www.cga.ct.gov/2025/FC/PDF/2025HB-06991-R000194-FC.PDF)
- BA Joint Favorable, 2025-03-06: [PDF](https://www.cga.ct.gov/2025/TOB/H/PDF/2025HB-06991-R01-HB.PDF)
- Raised Bill, 2025-02-19: [PDF](https://www.cga.ct.gov/2025/TOB/H/PDF/2025HB-06991-R00-HB.PDF)
- BA Joint Fav. Rpt: [PDF](https://www.cga.ct.gov/2025/JFR/H/PDF/2025HB-06991-R00BA-JFR.PDF)
- BA Vote Tally Sheet (Joint Favorable): [PDF](https://www.cga.ct.gov/2025/TS/H/PDF/2025HB-06991-R00BA-CV35-TS.PDF)
- Bill Analysis For File Copy 194: [PDF](https://www.cga.ct.gov/2025/BA/PDF/2025HB-06991-R000194-BA.PDF)
- Fiscal Note For File Copy 194: [PDF](https://www.cga.ct.gov/2025/FN/PDF/2025HB-06991-R000194-FN.PDF)

## Related bills

- HB 05013: AN ACT ADDING CERTAIN PLANTS TO THE INVASIVE PLANTS LIST. (signed)
- SB 01558: AN ACT CONCERNING INCOME TAXES IMPOSED BY OTHER JURISDICTIONS ON RESIDENTS OF THE STATE. (signed)
- SB 01396: AN ACT CONCERNING EARNED BUT UNPAID WAGE OR SALARY INCOME ADVANCES. (signed)
- SB 01187: AN ACT CONCERNING FORECLOSURE, ASSIGNMENT AND OTHER ENFORCEMENT ACTIONS FOR UNPAID SEWER ASSESSMENTS AND OTHER FEES AND CHARGES. (signed)
- HB 07236: AN ACT CONCERNING HUMAN TRAFFICKING AND SEXUAL ASSAULT VICTIMS. (signed)
- HB 07192: AN ACT IMPLEMENTING RECOMMENDATIONS OF THE BIPARTISAN DRUG TASK FORCE. (signed)

## Sources
- [File No. 194 (PDF)](https://www.cga.ct.gov/2025/FC/PDF/2025HB-06991-R000194-FC.PDF)
- [BA Joint Favorable (PDF)](https://www.cga.ct.gov/2025/TOB/H/PDF/2025HB-06991-R01-HB.PDF)
- [Raised Bill (PDF)](https://www.cga.ct.gov/2025/TOB/H/PDF/2025HB-06991-R00-HB.PDF)
- [BA Joint Fav. Rpt (PDF)](https://www.cga.ct.gov/2025/JFR/H/PDF/2025HB-06991-R00BA-JFR.PDF)
- [BA Vote Tally Sheet (Joint Favorable) (PDF)](https://www.cga.ct.gov/2025/TS/H/PDF/2025HB-06991-R00BA-CV35-TS.PDF)
- [Bill Analysis For File Copy 194 (PDF)](https://www.cga.ct.gov/2025/BA/PDF/2025HB-06991-R000194-BA.PDF)
- [Fiscal Note For File Copy 194 (PDF)](https://www.cga.ct.gov/2025/FN/PDF/2025HB-06991-R000194-FN.PDF)

## Related
- [HB 05013: AN ACT ADDING CERTAIN PLANTS TO THE INVASIVE PLANTS LIST.](https://policyrisk.com/state-bill/CT-HB05013-2025)
- [SB 01558: AN ACT CONCERNING INCOME TAXES IMPOSED BY OTHER JURISDICTIONS ON RESIDENTS OF T…](https://policyrisk.com/state-bill/CT-SB01558-2025)
- [SB 01396: AN ACT CONCERNING EARNED BUT UNPAID WAGE OR SALARY INCOME ADVANCES.](https://policyrisk.com/state-bill/CT-SB01396-2025)
- [SB 01187: AN ACT CONCERNING FORECLOSURE, ASSIGNMENT AND OTHER ENFORCEMENT ACTIONS FOR UNP…](https://policyrisk.com/state-bill/CT-SB01187-2025)
- [HB 07236: AN ACT CONCERNING HUMAN TRAFFICKING AND SEXUAL ASSAULT VICTIMS.](https://policyrisk.com/state-bill/CT-HB07236-2025)
- [HB 07192: AN ACT IMPLEMENTING RECOMMENDATIONS OF THE BIPARTISAN DRUG TASK FORCE.](https://policyrisk.com/state-bill/CT-HB07192-2025)
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Source: PRIA, https://policyrisk.com/state-bill/CT-HB06991-2025 (as of 2026-10-17).