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MontanaHB 13769th Legislature, Regular Session (2025)HouseWALLET

Revise securities laws relating to fees paid by certain licensees

Sponsored By: Steve Fitzpatrick (Republican)

Signed by Governor

Securities and Securities RegulationRevenue, State

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Bill Overview

Analyzed Economic Effects

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

Unified fees for securities reps

The law creates one statewide fee for registering salespersons and investment adviser representatives. It removes the old $50 in-state and $100 out-of-state amounts. If you are a salesperson already registered as an adviser representative with a broker-dealer that is also registered as an adviser, you do not pay the separate adviser‑rep registration fee. If you already paid a registration, renewal, or transfer fee before this law took effect, you do not pay again for that past action. These rules apply to fees paid on or after May 9, 2019.

State shifts where securities fees go

The law sets where certain securities fees are deposited. From March 7, 2013 through June 30, 2027, annual renewal fees for offerings, notice filing fees for each investment company series, and exam‑cost recoveries go to the account named in 30-10-115(2). Starting July 1, 2027, only the notice filing fees and exam‑cost amounts keep going to that account; the annual renewal fees stop going there. This changes state revenue flows, not the fee amounts you pay.

Sponsors & Cosponsors

Sponsor

  • Steve Fitzpatrick

    Republican • House

Cosponsors

  • Bruce "Butch" Gillespie

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 536 • No: 9

House vote • 4/22/2025

Do Concur

Yes: 94 • No: 4

House vote • 4/18/2025

Do Concur

Yes: 97 • No: 2

Senate vote • 4/16/2025

Do Concur

Yes: 50 • No: 0

Senate vote • 4/15/2025

Do Concur As Amended

Yes: 50 • No: 0

Senate vote • 4/15/2025

AMD-HB0137.002.001 Gillespie D/PASS

Yes: 50 • No: 0

House vote • 1/27/2025

Do Pass

Yes: 96 • No: 2

House vote • 1/24/2025

Do Pass

Yes: 99 • No: 1

Actions Timeline

  1. Chapter Number Assigned

    5/16/2025House

  2. Signed by Governor

    5/12/2025House

  3. Transmitted to Governor

    5/5/2025House

  4. Signed by President

    5/2/2025Senate

  5. Signed by Speaker

    5/1/2025House

  6. Returned from Enrolling

    4/24/2025House

  7. Sent to Enrolling

    4/22/2025House

  8. 3rd Reading Senate Amendments

    4/22/2025House

  9. 2nd Reading Senate Amendments

    4/18/2025House

  10. Returned to House with Amendments

    4/16/2025Senate

  11. 3rd Reading

    4/16/2025Senate

  12. 2nd Reading

    4/15/2025Senate

  13. 2nd Reading Motion to Amend

    4/15/2025Senate

  14. Committee Report

    3/20/2025Senate

  15. Committee Executive Action

    3/19/2025Senate

  16. Hearing

    2/27/2025Senate

  17. Referred to Committee

    2/17/2025Senate

  18. 1st Reading

    1/28/2025Senate

  19. Transmitted to Senate

    1/27/2025House

  20. 3rd Reading

    1/27/2025House

  21. 2nd Reading

    1/24/2025House

  22. Committee Report

    1/20/2025House

  23. Committee Executive Action

    1/17/2025House

  24. Fiscal Note Printed

    1/15/2025House

  25. Fiscal Note Unsigned

    1/14/2025House

Bill Text

  • Enrolled

    4/22/2025

    PDF

  • As Amended (Version 3)

    4/15/2025

    PDF

  • As Amended (Version 2)

    1/20/2025

    PDF

  • Introduced

    1/8/2025

    PDF

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