# Maine LD 1197: An Act to Update the Maine Money Transmission Modernization Act by Removing Provisions of Law Regarding Unhosted Wallets

Maine LD 1197, An Act to Update the Maine Money Transmission Modernization Act by Removing Provisions of Law Regarding Unhosted Wallets, is a 132nd Maine Legislature (2025-2026) Senate bill sponsored by Joseph M. Baldacci (Democratic); status failed, last action 2025-05-28 (Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)) (as of 2026-10-18).

- Canonical: https://policyrisk.com/state-bill/ME-LD1197-132
- As of: 2026-10-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maine LD 1197
- State: Maine
- Session: 132nd Maine Legislature (2025-2026)
- Title: An Act to Update the Maine Money Transmission Modernization Act by Removing Provisions of Law Regarding Unhosted Wallets
- Status: failed
- Chamber: Senate
- Introduced: 2025-03-20
- Last action: 2025-05-28, Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
- Sponsor: Joseph M. Baldacci (Democratic)
- Cosponsors: 2
- Subjects: FINANCIAL PRACTICES, FINANCIAL PRACTICES - ELECTRONIC FUND TRANSFERS
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Joseph M. Baldacci (Democratic), Senate
- Cosponsor: David Boyer (Republican), House
- Cosponsor: Matt Moonen (Democratic), House

## Actions (4)

- 2025-05-28: Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD) (Senate)
- 2025-03-21: CARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519. (Senate)
- 2025-03-20: The Bill was REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES.In concurrence. ORDERED SENT FORTHWITH. (House)
- 2025-03-20: Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES suggested and ordered printed REFERENCE to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES Ordered sent down forthwith for concurrence (Senate)

## Bill text

- Introduced: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0486&item=1&snum=132)

## Related bills

- LD 1522: An Act to Establish the Maine Eviction Prevention Program (failed)
- LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan for Retirement (failed)
- LD 1665: An Act to Provide Property Tax Relief to Maine Families (failed)
- LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retirement System (failed)
- LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State Employees (failed)
- LD 1294: An Act to Expand the Dependent Exemption Tax Credit (failed)

## Sources
- [Introduced (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0486&item=1&snum=132)

## Related
- [LD 1522: An Act to Establish the Maine Eviction Prevention Program](https://policyrisk.com/state-bill/ME-LD1522-132)
- [LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan f…](https://policyrisk.com/state-bill/ME-LD2067-132)
- [LD 1665: An Act to Provide Property Tax Relief to Maine Families](https://policyrisk.com/state-bill/ME-LD1665-132)
- [LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retiremen…](https://policyrisk.com/state-bill/ME-LD1872-132)
- [LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State…](https://policyrisk.com/state-bill/ME-LD1611-132)
- [LD 1294: An Act to Expand the Dependent Exemption Tax Credit](https://policyrisk.com/state-bill/ME-LD1294-132)
- [Maine bills](https://policyrisk.com/states/maine/bills)
- [Maine state hub](https://policyrisk.com/states/maine)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/ME-LD1197-132 (as of 2026-10-18).