Alabama · 2026 Regular Session · Bill

HB 585: Money transmissions, transaction fee imposed for certain outgoing international wire transfers, income tax credit established to offset transaction fees imposed on taxpayer, reporting of certain suspicious cash transactions required, Securities Commission to enforce

In committee Last action March 5, 2026: Read for the first time and referred to the House Committee on Financial Services

Plain-language summary

HB 585 is a bill introduced in the Alabama House on March 5, 2026. According to its official title, it concerns: Money transmissions, transaction fee imposed for certain outgoing international wire transfers, income tax credit established to offset transaction fees imposed on taxpayer, reporting of certain suspicious cash transactions required, Securities Commission to enforce. Primary sponsor: Jennifer Fidler (Republican). Most recent recorded action (March 5, 2026): Read for the first time and referred to the House Committee on Financial Services.

Sponsors

Primary sponsor: Jennifer Fidler (Republican).