Mississippi legislation · 2026 Regular Session
Mississippi HB1596: Money transmitters; require to implement certain data security measures and customer protections.
Status: Signed into law, April 8, 2026
AN ACT TO REQUIRE A MONEY TRANSMITTER LICENSED UNDER THE MONEY TRANSMISSION MODERNIZATION ACT TO IMPLEMENT SAFEGUARDS TO PROTECT CUSTOMER INFORMATION AND INCREASE DATA SECURITY; TO REQUIRE A LICENSEE TO DESIGNATE A QUALIFIED INDIVIDUAL TO BE RESPONSIBLE FOR OVERSEEING, IMPLEMENTING AND ENFORCING AN INFORMATION SECURITY PROGRAM; TO PROVIDE THE MINIMUM STANDARDS AND REQUIREMENTS FOR THE INFORMATION SECURITY PROGRAM AND TO REQUIRE RISK ASSESSMENTS; TO REQUIRE NOTIFICATION TO THE COMMISSIONER OF BANKING AND CONSUMER FINANCE WHEN UNENCRYPTED CUSTOMER INFORMATION IS ACQUIRED WITHOUT THE AUTHORIZATION OF THE AFFECTED INDIVIDUAL; TO PROVIDE CERTAIN EXCEPTIONS; TO AMEND SECTION 75-16-11, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FUNDS COMING INTO THE POSSESSION OF THE COMMISSIONER AS A RESULT OF THE MONEY TRANSMISSION MODERNIZATION ACT SHALL BE DEPOSITED INTO THE CONSUMER FINANCE FUND; TO AMEND SECTIONS 75-16-25, 75-16-31 AND 75-16-43, MISSISSIPPI CODE OF 1972, TO REGULATE VIRTUAL CURRENCY KIOSKS UNDER THE PROVISIONS OF THE MONEY TRANSMISSION MODERNIZATION ACT; TO AMEND SECTION 75-16-51, MISSISSIPPI CODE OF 1972, TO REQUIRE A LICENSEE TO PROVIDE TRAINING MATERIALS TO HELP AUTHORIZED DELEGATES RECOGNIZE FINANCIAL ABUSE AND FINANCIAL EXPLOITATION OF AN ELDER ADULT AND RESPOND APPROPRIATELY IN SUCH SITUATIONS; TO AMEND SECTION 75-16-65, MISSISSIPPI CODE OF 1972, TO INCLUDE THE WORD "INVESTMENTS"; TO CREATE NEW SECTION 75-16-89, MISSISSIPPI CODE OF 1972, TO REQUIRE A LICENSEE TO PROVIDE CERTAIN INFORMATION TO THE PURCHASER IN CONNECTION WITH EACH MONEY TRANSMISSION OR KIOSK TRANSACTION CONDUCTED BY THE LICENSEE DIRECTLY OR THROUGH AN AUTHORIZED DELEGATE; AND FOR RELATED PURPOSES.
What the bill says
An act to require a money transmitter licensed under the money transmission modernization act to implement safeguards to protect customer information and increase data security; to require a licensee to designate a qualified individual to be responsible for overseeing, implementing and enforcing an information security program; to provide the minimum standards and requirements for the information security program and to require risk assessments…
From the enrolled text, April 2, 2026:
AN ACT TO REQUIRE A MONEY TRANSMITTER LICENSED UNDER THE MONEY TRANSMISSION MODERNIZATION ACT TO IMPLEMENT SAFEGUARDS TO PROTECT CUSTOMER INFORMATION AND INCREASE DATA SECURITY; TO REQUIRE A LICENSEE TO DESIGNATE A QUALIFIED INDIVIDUAL TO BE RESPONSIBLE FOR OVERSEEING, IMPLEMENTING AND ENFORCING AN INFORMATION SECURITY PROGRAM; TO PROVIDE THE MINIMUM STANDARDS AND REQUIREMENTS FOR THE INFORMATION SECURITY PROGRAM AND TO REQUIRE RISK ASSESSMENTS; TO REQUIRE NOTIFICATION TO THE COMMISSIONER OF BANKING AND CONSUMER FINANCE WHEN UNENCRYPTED CUSTOMER INFORMATION IS ACQUIRED WITHOUT THE AUTHORIZATION OF THE AFFECTED INDIVIDUAL; TO PROVIDE CERTAIN EXCEPTIONS; TO AMEND SECTION 75-16-11, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FUNDS COMING INTO THE POSSESSION OF THE COMMISSIONER AS A RESULT OF THE MONEY TRANSMISSION MODERNIZATION ACT SHALL BE DEPOSITED INTO THE CONSUMER FINANCE FUND; TO AMEND SECTIONS 75-16-25, 75-16-31 AND 75-16-43, MISSISSIPPI CODE OF 1972, TO REGULATE VIRTUAL CURRENCY KIOSKS UNDER THE PROVISIONS OF THE MONEY TRANSMISSION MODERNIZATION ACT; TO AMEND SECTION 75-16-51, MISSISSIPPI CODE OF 1972, TO REQUIRE A LICENSEE TO PROVIDE TRAINING MATERIALS TO HELP AUTHORIZED DELEGATES RECOGNIZE FINANCIAL ABUSE AND FINANCIAL EXPLOITATION OF AN ELDER ADULT AND RESPOND APPROPRIATELY IN SUCH SITUATIONS; TO AMEND SECTION 75-16-65, MISSISSIPPI CODE OF 1972, TO INCLUDE THE WORD "INVESTMENTS"; TO CREATE NEW SECTION 75-16-89, MISSISSIPPI CODE OF 1972, TO REQUIRE A LICENSEE TO PROVIDE CERTAIN INFORMATION TO THE …
Sponsors
- Aguirre, Shane (R, 17) · primary sponsor
Latest actions
- : Approved by Governor
- : Enrolled Bill Signed
- : Enrolled Bill Signed
- : Conference Report Adopted
- : Conference Report Adopted
- : Conference Report Filed
- : Conferees Named Johnson,Blackwell,Brumfield
- : Conferees Named Aguirre,Boyd (37th),Varner
- : Decline to Concur/Invite Conf
- : Returned For Concurrence
Votes
- Conference Report Adopted (March 31, 2026): 100 yea, 0 nay, passed
- Conference Report Adopted (March 30, 2026): 52 yea, 0 nay, passed
- Passed As Amended (March 10, 2026): 52 yea, 0 nay, passed
- Passed As Amended (February 10, 2026): 113 yea, 0 nay, passed
Subjects: Money transmitters
Common questions
- What is HB1596?
- HB1596 is a bill in the Mississippi Legislature (2026 Regular Session): Money transmitters; require to implement certain data security measures and customer protections.
- What does HB1596 do?
- In its own words: An act to require a money transmitter licensed under the money transmission modernization act to implement safeguards to protect customer information and increase data security; to require a licensee to designate a qualified individual to be responsible for overseeing, implementing and enforcing an information security program; to provide the minimum standards and requirements for the information security program and to require risk assessments…
- What is the status of HB1596?
- Signed into law as of April 8, 2026. Latest action: Approved by Governor (April 8, 2026).
- Who sponsored HB1596?
- Aguirre, Shane (R, 17).
- Where is the official record for HB1596?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1596.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.