SF 4495

Introduction - 94th Legislature (2025 - 2026)

Posted on 03/18/2026 09:22 a.m.

A bill for an act
relating to money transmission; prohibiting individuals participating in certain
public assistance programs from using money transmission to send money to a
foreign country; requiring money transmitters to report certain information on
individuals; amending Minnesota Statutes 2024, sections 142A.03, by adding a
subdivision; 256.01, by adding a subdivision; proposing coding for new law in
Minnesota Statutes, chapter 53B.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin [53B.681] PROHIBITION ON CERTAIN TRANSMISSION.
new text end

new text begin (a) For purposes of this section, the term "public programs" includes:
new text end

new text begin (1) the Minnesota family investment program under chapter 142G;
new text end

new text begin (2) the Supplemental Nutrition Assistance Program under United States Code, title 7,
chapter 51;
new text end

new text begin (3) general assistance and Minnesota supplemental aid under chapter 256D;
new text end

new text begin (4) housing support under chapter 256I;
new text end

new text begin (5) medical assistance under chapter 256B;
new text end

new text begin (6) MinnesotaCare under chapter 256L; and
new text end

new text begin (7) the child care assistance program under chapter 142E.
new text end

new text begin (b) An individual who participates in one or more public programs is prohibited from
using a money transmitter licensed under this chapter to send money to a foreign country.
new text end

new text begin (c) If an individual violates paragraph (b), the individual is no longer eligible for all
public programs and must be disenrolled from each program the individual was participating
in.
new text end

new text begin (d) A money transmitter must provide the reports required under sections 142A.03,
subdivision 36, and 256.01, subdivision 45.
new text end

Sec. 2.

Minnesota Statutes 2024, section 142A.03, is amended by adding a subdivision to
read:

new text begin Subd. 36. new text end

new text begin Remittances. new text end

new text begin (a) A money transmitter licensed under chapter 58B must provide
a report every six months by electronic means to the commissioner of children, youth, and
families. The report must identify each individual who used the money transmitter to send
money to a foreign country during the previous six months.
new text end

new text begin (b) The commissioner of children, youth, and families must determine whether the
individuals who are the subject of the data reported under paragraph (a) are enrolled in a
public assistance program under chapter 142E or 142G, or under United States Code, title
7, chapter 51. If an individual is enrolled in a public assistance program under chapter 142E
or 142G, or under United States Code, title 7, chapter 51, the commissioner must terminate
the individual's eligibility for the public assistance program in the manner provided by the
law and regulations governing the program.
new text end

Sec. 3.

Minnesota Statutes 2024, section 256.01, is amended by adding a subdivision to
read:

new text begin Subd. 45. new text end

new text begin Remittances. new text end

new text begin (a) A money transmitter licensed under chapter 58B must provide
a report every six months by electronic means to the commissioner of human services. The
report must identify each individual who used the money transmitter to send money to a
foreign country during the previous six months.
new text end

new text begin (b) The commissioner of human services must determine whether the individuals who
are the subject of the data reported under paragraph (a) are enrolled in a public assistance
program under chapter 256B, 256D, or 256L. If an individual is enrolled in a public assistance
program under chapter 256B, 256D, or 256L, the commissioner must terminate the
individual's eligibility for the public assistance program in the manner provided by the law
and regulations governing the program.
new text end