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General Assembly Substitute Bill No. 1338
January Session, 2025
AN ACT CONCERNING MINORS' MONEY SHARING APPLICATION
ACCOUNTS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. (NEW) (Effective October 1, 2025) (a) For the purposes of this 1
section: 2
(1) "Authenticate" means to use reasonable means and make a 3
commercially reasonable effort to determine whether a request to 4
exercise any right afforded under subsection (c) of this section has been 5
submitted by, or on behalf of, the minor who is entitled to exercise such 6
right; 7
(2) "Consumer" has the same meaning as provided in section 42-515 8
of the general statutes; 9
(3) "Licensee" has the same meaning as provided in section 36a-596 of 10
the general statutes; 11
(4) "Minor" means any consumer who is younger than eighteen years 12
of age; 13
(5) "Money sharing application" means an Internet-based service or 14
application that is (A) owned or operated by a licensee, (B) used by a 15
consumer in this state, and (C) primarily intended to allow users to send 16 Substitute Bill No. 1338
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and receive money. "Money sharing application" does not include any 17
Internet-based service or application that is owned or operated by a 18
person that is exempt from the provisions of sections 36a-597 to 36a-607, 19
inclusive, of the general statutes and sections 36a-611 and 36a-612 of the 20
general statutes pursuant to section 36a-609 of the general statutes; and 21
(6) "Personal data" has the same meaning as provided in section 42-22
515 of the general statutes. 23
(b) On and after October 1, 2025, no licensee shall allow an individual 24
to sponsor, open or establish a money sharing application account for or 25
on behalf of a minor unless such licensee has received a notarized 26
statement from such individual attesting that such individual is such 27
minor's parent or legal guardian. 28
(c) (1) Not later than fifteen business days after a licensee receives a 29
request from a minor or such minor's parent or legal guardian to delete 30
such minor's money sharing application account with such licensee, the 31
licensee shall delete such minor's money sharing application account 32
and cease processing such minor's personal data except where the 33
preservation of such minor's money sharing application account or 34
personal data is otherwise permitted or required by applicable law, 35
including, but not limited to, sections 42-515 to 42-525, inclusive, of the 36
general statutes. A licensee may extend such fifteen-business-day 37
period by an additional fifteen business days if such extension is 38
reasonably necessary considering the complexity and number of the 39
minor's, parent's or legal guardian's requests, provided the licensee 40
informs the minor or such minor's parent or legal guardian, as 41
applicable, within the initial fifteen-business-day response period of 42
such extension and the reason for such extension. 43
(2) Any request made pursuant to subdivision (1) of this subsection 44
may include a request by the minor or such minor's parent or legal 45
guardian to provide to the minor or such minor's parent or legal 46
guardian, as applicable, all data associated with the money sharing 47
application account that is the subject of such request. Such data shall 48 Substitute Bill No. 1338
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include, but need not be limited to, an itemization of each transaction 49
associated with such account and the identity of the person who opened 50
such account. 51
(3) A licensee shall establish, and shall describe in a privacy notice, 52
one or more secure and reliable means for submitting a request pursuant 53
to this subsection. A licensee that provides a mechanism for a minor or 54
the minor's parent or legal guardian to initiate a process to delete such 55
minor's money sharing application account shall be deemed to be in 56
compliance with the provisions of this subsection. 57
(d) If a licensee is unable to authenticate a request submitted 58
pursuant to subsection (c) of this section, the licensee shall (1) not be 59
required to comply with such request, and (2) provide a notice to the 60
minor, parent or legal guardian who submitted such request disclosing 61
that such licensee (A) is unable to authenticate such request, and (B) will 62
not be able to authenticate such request until such minor, parent or legal 63
guardian provides the additional information that is reasonably 64
necessary to authenticate such request. 65
(e) Any violation of the provisions of this section shall constitute an 66
unfair trade practice under subsection (a) of section 42-110b of the 67
general statutes and shall be enforced solely by the Attorney General. 68
Nothing in this section shall be construed to create a private right of 69
action or to provide grounds for an action under section 42-110g of the 70
general statutes. 71
This act shall take effect as follows and shall amend the following
sections:
Section 1 October 1, 2025 New section
BA Joint Favorable Subst.