Amendment #1 to H4840

Floor Amendment

Mr. Walsh of Peabody moves to amend the bill by inserting before the enacting clause the following emergency preamble:-

“Whereas, The deferred operation of this act would tend to defeat its purpose, which is to forthwith regulate money transmissions by the division of banks, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.”;

And moves to further amend the bill by inserting after section 7 the following section:-

“SECTION 8. Section 4 shall take effect 90 days after the effective date of this act.”.