093_SB0024sam001 LRB093 02172 JLS 11965 a 1 AMENDMENT TO SENATE BILL 24 2 AMENDMENT NO. . Amend Senate Bill 24 by replacing 3 the title with the following: 4 "AN ACT concerning transmitters of money."; and 5 by replacing everything after the enacting clause with the 6 following: 7 "Section 5. The Transmitters of Money Act is amended by 8 changing Section 10 as follows: 9 (205 ILCS 657/10) 10 Sec. 10. License required. ANoperson may not engage 11 in this State in the business of selling or issuing payment 12 instruments, transmitting money, or exchanging, for 13 compensation, payment instruments or money of the United 14 States government or a foreign government to or from money of 15 another government without first obtaining a license under 16 this Act. Separate licenses shall not be required, however, 17 for persons acting as authorized sellers of licensees under 18 this Act. 19 (Source: P.A. 88-643, eff. 1-1-95.)".