Louisiana SB287: BANKS/BANKING: Provides relative to virtual currency. (8/1/26)

What the bill says

An act To amend and reenact R.S. 6:1393.1(E)(6), (F)(4), the introductory paragraph of 1393.1(H) and 1393.1(H)(1), (2), (3), and (6) and to enact R.S. 6:1389(C), (D), and (E) and 1393.1(E)(7), relative to virtual currency; to provide for virtual currency kiosks; to provide for cancellation and refund of transactions; to provide for reporting and disclosures; to provide for terms, conditions, and procedures; and to provide for related matters.

From the introduced text:

AN ACT To amend and reenact R.S. 6:1393.1(E)(6), (F)(4), the introductory paragraph of 1393.1(H) and 1393.1(H)(1), (2), (3), and (6) and to enact R.S. 6:1389(C), (D), and (E) and 1393.1(E)(7), relative to virtual currency; to provide for virtual currency kiosks; to provide for cancellation and refund of transactions; to provide for reporting and disclosures; to provide for terms, conditions, and procedures; and to provide for related matters. Be it enacted by the Legislature of Louisiana: Section 1. R.S. 6:1393.1(E)(6), (F)(4), the introductory paragraph of 1393.1(H), and 1393.1(H)(1), (2), (3), and (6) are hereby amended and reenacted and R.S. 6:1389 (C), (D), and (E) and 1393.1(E)(7) are hereby enacted to read as follows: §1389. Virtual currency kiosks; maximum daily transaction limit; cancellation and refund * * * C.(1) A virtual currency kiosk owner or operator shall acknowledge and respond to a cancellation and refund request made under the provisions of Subsection B of this Section within ten business days. Page 1 of Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SLS 26RS-505 ORIGINAL SB NO. (2) Any refund requested pursuant to this Section shall be processed and completed within ninety calendar days. D. Each virtual currency kiosk owner or operator shall offer, during the hours of operation of the virtual …

Read the full official text

Sponsors

• Reese, Mike (R, 30) · primary sponsor

Latest actions

1. May 29, 2026: Effective date 8/1/2026.
2. May 29, 2026: Signed by the Governor. Becomes Act No. 482.
3. May 25, 2026: Signed by the Speaker of the House.
4. May 21, 2026: Sent to the Governor by the Secretary of the Senate.
5. May 21, 2026: Enrolled. Signed by the President of the Senate.
6. May 20, 2026: Amendments proposed by the House read and concurred in by a vote of 32 yeas and 0 nays.
7. May 18, 2026: Received from the House with amendments.
8. May 18, 2026: Read third time by title, roll called on final passage, yeas 96, nays 0. Finally passed, ordered to the Senate.
9. May 18, 2026: Scheduled for floor debate on 05/18/2026.
10. May 13, 2026: Read by title, amended, passed to 3rd reading.

Votes

• Senate Vote on SB 287, CONCUR (#1041) (May 20, 2026): 32 yea, 0 nay, passed
• House Vote on SB 287, FINAL PASSAGE (#1339) (May 18, 2026): 96 yea, 0 nay, passed
• Senate Vote on SB 287, FINAL PASSAGE (#267) (April 7, 2026): 36 yea, 0 nay, passed

Common questions

What is SB287?

SB287 is a bill in the Louisiana Legislature (2026 Regular Session): BANKS/BANKING: Provides relative to virtual currency. (8/1/26).

What does SB287 do?

In its own words: An act To amend and reenact R.S. 6:1393.1(E)(6), (F)(4), the introductory paragraph of 1393.1(H) and 1393.1(H)(1), (2), (3), and (6) and to enact R.S. 6:1389(C), (D), and (E) and 1393.1(E)(7), relative to virtual currency; to provide for virtual currency kiosks; to provide for cancellation and refund of transactions; to provide for reporting and disclosures; to provide for terms, conditions, and procedures; and to provide for related matters.

What is the status of SB287?

Signed into law as of May 29, 2026. Latest action: Effective date 8/1/2026. (May 29, 2026).

Who sponsored SB287?

Reese, Mike (R, 30).

Where is the official record for SB287?

On the Louisiana Legislature website: https://legis.la.gov/legis/BillInfo.aspx?s=26RS&b=SB287