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

Introduced:
Dec 05, 2012 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Keith Ellison
Representative for Minnesota's 5th congressional district
Party
Democrat
Text
Read Text »
Last Updated
Dec 05, 2012
Length
3 pages
Related Bills
H.R. 1694 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Apr 24, 2013

 
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
 
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.

Cosponsors
1 cosponsors (1R) (show)
Committees

House Financial Services

Financial Institutions and Consumer Credit

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

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

Widget

Get a bill status widget for your website »

Citation

Click a format for a citation suggestion:

Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

Use the comment space below for discussion of the merits of H.R. 6637 (112th) with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus