H.R. 6637 (112th): Money Remittances Improvement Act of 2012

Introduced:
Dec 05, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Keith Ellison [D-MN5]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 1694 on Apr 24, 2013. See H.R. 1694 for current action on this subject.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on December 5, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 05, 2012
Referred to Committee Dec 05, 2012
Cosponsors
1 cosponsors (1R) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To allow the Secretary of the Treasury to rely on State examinations for certain financial institutions, and for other purposes.

Summary

No summaries available.

Text

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Last updated Dec 05, 2012.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

12/5/2012--Introduced.
Money Remittances Improvement Act of 2012 - Authorizes the Secretary of the Treasury, with respect to compliance with reporting requirements for monetary instrument transactions of certain financial institutions, to rely upon examinations conducted by the relevant state supervisory agency if:
(1) the category of financial institution is required by state law to comply with federal requirements, or
(2) the state supervisory agency is authorized to ensure that the financial institution complies with such federal requirements.
Empowers the Director of the Financial Crimes Enforcement Network (FinCen) to furnish research, analytical, and informational services to foreign regulatory agencies in the interest of detection, prevention, and prosecution of terrorism, organized crime, money laundering, and other financial crimes.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

Slip Laws

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United States Code

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