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NebraskaLB609109th Legislature 1st and 2nd SessionslegislatureWALLET

Adopt the Controllable Electronic Record Fraud Prevention Act, require notice of potential fraud for purchasers of gift certificates and gift cards, and change provisions relating to search warrants

Sponsored By: Eliot Bostar

Signed by Governor

Banking, Commerce and Insurance Committee

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Bill Overview

Analyzed Economic Effects

5 provisions identified: 1 benefits, 1 costs, 3 mixed.

Licenses and reports for kiosk operators

The law creates the Controllable Electronic Record Fraud Prevention Act, enforced by the Department of Banking and Finance. Kiosk operators must hold a Nebraska Money Transmitters license to operate. Each kiosk must be registered as an authorized delegate with the Department. Every quarter, operators must file a list of all controllable electronic record addresses used by each kiosk within 45 days after the quarter ends.

Daily caps on kiosk transactions

The law caps how much you can use a kiosk each day. For the first 14 days after your first transaction with an operator, your daily cap is $2,000 across all kiosks. After 14 days, your daily cap is $10,500. These limits reduce large fraud losses but also restrict bigger transfers.

Stronger anti-fraud rules for kiosks

Operators must use blockchain analytics software to help block sending records to wallets known for fraud at the time of the transaction. The Department can ask operators to show proof they use such analytics. Operators must keep a written anti-fraud policy that lists risks, sets controls, assigns who monitors them, and requires regular reviews and updates.

Clear kiosk disclosures and receipts

At the kiosk, operators must show clear terms in your chosen language and ask you to confirm. They must show a strong fraud warning and list key risks. After each transaction, you get a receipt in your language, physical when possible. The receipt must include the operator’s contact, law enforcement contacts, amount, date and exact time, transaction hash and addresses, sender and recipient contacts, all fees and the exchange rate, liability rules, and refund policy.

Electronic records in search warrants

The law adds controllable electronic records to what counts as property for search warrants. Law enforcement can seize those records with a warrant under Nebraska’s rules. This aids investigations but narrows privacy expectations for holders of these records.

Sponsors & Cosponsors

Sponsor

  • Eliot Bostar

    Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 240 • No: 0

legislature vote • 3/6/2025

Final Reading

Yes: 48 • No: 0 • Other: 1

legislature vote • 2/25/2025

Vote

Yes: 39 • No: 0 • Other: 10

legislature vote • 2/11/2025

Vote

Yes: 40 • No: 0 • Other: 9

legislature vote • 2/11/2025

Vote

Yes: 37 • No: 0 • Other: 12

legislature vote • Unknown

Vote

Yes: 37 • No: 0 • Other: 12

legislature vote • Unknown

Vote

Yes: 39 • No: 0 • Other: 10

Actions Timeline

  1. Approved by Governor on March 11, 2025

    3/11/2025legislature

  2. Presented to Governor on March 6, 2025

    3/6/2025legislature

  3. President/Speaker signed

    3/6/2025legislature

  4. Passed on Final Reading 48-0-1

    3/6/2025legislature

  5. Dispensing of reading at large approved

    3/6/2025legislature

  6. Placed on Final Reading

    3/4/2025legislature

  7. Advanced to Enrollment and Review for Engrossment

    2/25/2025legislature

  8. Bostar AM352 adopted

    2/25/2025legislature

  9. Bostar AM352 to ER14 filed

    2/25/2025legislature

  10. Enrollment and Review ER14 adopted

    2/25/2025legislature

  11. Enrollment and Review ER14 filed

    2/19/2025legislature

  12. Placed on Select File with ER14

    2/19/2025legislature

  13. Advanced to Enrollment and Review Initial

    2/11/2025legislature

  14. Banking, Commerce and Insurance AM157 adopted

    2/11/2025legislature

  15. Banking, Commerce and Insurance AM157 filed

    2/6/2025legislature

  16. Placed on General File with AM157

    2/6/2025legislature

  17. Notice of hearing for February 03, 2025

    1/27/2025legislature

  18. Referred to Banking, Commerce and Insurance Committee

    1/24/2025legislature

  19. Date of introduction

    1/22/2025legislature

Bill Text

  • Introduced

    1/22/2025

    PDF

  • Enrolled / Slip Law

    PDF

  • Final / Enacted

    PDF

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