# Hawaii HB 1049: RELATING TO THE MONEY TRANSMITTERS MODERNIZATION ACT.

Hawaii HB 1049, RELATING TO THE MONEY TRANSMITTERS MODERNIZATION ACT., is a 2025–2026 Regular Session (Year 1) House bill sponsored by Nadine K. Nakamura (Democratic); status in committee, last action 2025-02-11 (Reported from CPC (Stand. Com. Rep. No. 423) as amended in HD 1, recommending passage on Second Reading and referral to FIN.) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/HI-HB1049-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Hawaii HB 1049
- State: Hawaii
- Session: 2025–2026 Regular Session (Year 1)
- Title: RELATING TO THE MONEY TRANSMITTERS MODERNIZATION ACT.
- Status: in committee
- Chamber: House
- Introduced: 2025-01-21
- Last action: 2025-02-11, Reported from CPC (Stand. Com. Rep. No. 423) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
- Sponsor: Nadine K. Nakamura (Democratic)
- Cosponsors: 0
- Subjects: DCCA, Division of Financial Institutions, Money Transmitters Modernization Act, Permissible Investments, Tangible Net Worth, CPC, FIN
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Includes, for purposes of the Money Transmitters Modernization Act, receivables due from payment processors for certain debit or credit card transactions. Clarifies the calculation of tangible net worth. Changes the initial annual fee assessed upon the submission of the application to an initial fee assessed upon the approval of the application. Effective 7/1/3000. (HD1)

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Nadine K. Nakamura (Democratic), House

## Actions (7)

- 2025-02-11: Reported from CPC (Stand. Com. Rep. No. 423) as amended in HD 1, recommending passage on Second Reading and referral to FIN. (House)
- 2025-02-11: Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2). (House)
- 2025-02-04: The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Kong, Lowen. (House)
- 2025-01-31: Bill scheduled to be heard by CPC on Tuesday, 02-04-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE. (House)
- 2025-01-23: Introduced and Pass First Reading. (House)
- 2025-01-23: Referred to CPC, FIN, referral sheet 3 (House)
- 2025-01-21: Pending introduction. (House)

## Bill text

- Bill Text: [PDF](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB1049_HD1_.pdf)
- HB1049_HD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB1049_HD1_.HTM)
- Original: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB1049_.HTM), [PDF](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB1049_.PDF)

## Related bills

- SB 572: RELATING TO HOUSING. (signed)
- HB 431: RELATING TO HOUSING. (signed)
- HB 420: RELATING TO REMEDIES. (signed)
- SB 1296: RELATING TO DISASTER RECOVERY. (signed)
- HB 830: RELATING TO HISTORIC PRESERVATION REVIEWS. (signed)
- HB 1064: RELATING TO FIRE PROTECTION. (signed)

## Sources
- [Bill Text (PDF)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB1049_HD1_.pdf)
- [HB1049_HD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB1049_HD1_.HTM)
- [Original (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB1049_.HTM)
- [Original (PDF)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB1049_.PDF)

## Related
- [SB 572: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-SB572-2025)
- [HB 431: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-HB431-2025)
- [HB 420: RELATING TO REMEDIES.](https://policyrisk.com/state-bill/HI-HB420-2025)
- [SB 1296: RELATING TO DISASTER RECOVERY.](https://policyrisk.com/state-bill/HI-SB1296-2025)
- [HB 830: RELATING TO HISTORIC PRESERVATION REVIEWS.](https://policyrisk.com/state-bill/HI-HB830-2025)
- [HB 1064: RELATING TO FIRE PROTECTION.](https://policyrisk.com/state-bill/HI-HB1064-2025)
- [Hawaii bills](https://policyrisk.com/states/hawaii/bills)
- [Hawaii state hub](https://policyrisk.com/states/hawaii)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/HI-HB1049-2025 (as of 2026-10-17).