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LouisianaSB 2872026 Regular SessionSenateWALLET

BANKS/BANKING: Provides relative to virtual currency. (8/1/26)

Sponsored By: Mike Reese (Republican)

Signed by Governor

CommerceCommerce, Consumer Protection and International Affairs

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Clearer fees and support for kiosk users

Beginning August 1, 2026, Louisiana virtual currency licensees must explain account terms before your first transaction in clear, noticeable English. They must explain your right to contact the Office of Financial Institutions with complaints or questions and provide contact information. Before each transaction, written disclosures must explain the terms and the 72-hour cancellation and full-refund rule. After each transaction, you must get both paper and electronic receipts. Receipts must list the business name, address, toll-free customer-service number, operator's unique identifier, transaction type, value, date, time, and refund policy. They must also show each fee, including fees charged directly or indirectly by the operator or third parties. Kiosk operators must offer live, toll-free phone support whenever their kiosks are open, with the number prominently displayed on the kiosk.

Full refund rights for currency kiosk users

Beginning August 1, 2026, Louisiana virtual currency kiosk operators must delay processing transactions for 72 hours or allow cancellation within 72 hours afterward. Canceled transactions receive full refunds at the operator's cost. If the operator was unlicensed when your transaction occurred, you can cancel at any time for a full refund. Operators must acknowledge and answer refund requests within 10 business days, clearly explaining any refund requirements. Refunds must be completed within 90 calendar days of your initial request. For suspected fraud, operators may require a police or government report and identification. If those requirements were part of a clearly communicated refund policy, the later deadline applies: 90 calendar days after you submit those documents. A police report or complaint to the Internet Crime Complaint Center counts as suspected fraud. Operators must report residents' cancellation and refund requests quarterly to Louisiana's financial regulator, including names, contact details, transaction dates, and canceled amounts.

Sponsors & Cosponsors

Sponsor

  • Mike Reese

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 143 • No: 0

House vote • 5/18/2026

Read third time by title, roll called on final passage, yeas 96, nays 0. Finally passed, ordered to the Senate.

Yes: 96 • No: 0

House vote • 5/11/2026

Reported with amendments

Yes: 11 • No: 0

Senate vote • 4/7/2026

Senate floor amendments read and adopted. Read by title and passed by a vote of 36 yeas and 0 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled.

Yes: 36 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 482.

    5/29/2026Senate

  2. Effective date 8/1/2026.

    5/29/2026Senate

  3. Signed by the Speaker of the House.

    5/25/2026House

  4. Enrolled. Signed by the President of the Senate.

    5/21/2026Senate

  5. Sent to the Governor by the Secretary of the Senate.

    5/21/2026Senate

  6. Scheduled for floor debate on 05/18/2026.

    5/18/2026House

  7. Read third time by title, roll called on final passage, yeas 96, nays 0. Finally passed, ordered to the Senate.

    5/18/2026House

  8. Received from the House with amendments.

    5/18/2026Senate

  9. Read by title, amended, passed to 3rd reading.

    5/13/2026House

  10. Reported without Legislative Bureau amendments.

    5/12/2026House

  11. Reported with amendments (11-0). Referred to the Legislative Bureau.

    5/11/2026House

  12. Read by title, under the rules, referred to the Committee on Commerce.

    4/9/2026House

  13. Received in the House from the Senate, read by title, lies over under the rules.

    4/8/2026House

  14. Called from the Calendar.

    4/7/2026Senate

  15. Senate floor amendments read and adopted. Read by title and passed by a vote of 36 yeas and 0 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled.

    4/7/2026Senate

  16. Read by title and returned to the Calendar, subject to call.

    3/31/2026Senate

  17. Read by title. Committee amendments read and adopted. Ordered engrossed and passed to third reading and final passage.

    3/30/2026Senate

  18. Reported with amendments.

    3/25/2026Senate

  19. Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Commerce, Consumer Protection and International Affairs.

    3/9/2026Senate

  20. Prefiled and under the rules provisionally referred to the Committee on Commerce, Consumer Protection and International Affairs.

    2/27/2026Senate

Bill Text

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