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 Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Businesses & Financial Institutions
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Jennifer Fidler | Primary sponsor | Republican | House | 94 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Read for the first time and referred to the House Committee on Financial Services
- Pending Committee Action in House of Origin (Financial Services)