S.2208 - Money Remittances Improvement Act of 2014113th Congress (2013-2014)
|Sponsor:||Sen. Kirk, Mark Steven [R-IL] (Introduced 04/03/2014)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||04/03/2014 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
|Notes:||For further action, see H.R.4386, which became Public Law 113-156 on 8/8/2014.|
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Subject — Policy Area:
- Finance and Financial Sector
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Summary: S.2208 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in Senate (04/03/2014)
Money Remittances Improvement Act of 2014 - Authorizes the Secretary of the Treasury, with respect to compliance with reporting requirements for monetary instrument transactions of financial institutions, to rely upon examinations conducted by a state supervisory agency of a category of financial institution if: (1) the category is required to comply with federal requirements, or (2) the state supervisory agency examines the category for compliance with federal requirements.
Instructs the Secretary to consult with state supervisory agencies when issuing rules to implement this Act.