US Congress House Bill 6637 (Prior Session Legislation)

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Sponsorship: Bipartisan Bill
Status: Introduced on December 5 2012 - 25% progression, died in committee
Action: 2012-12-20 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Pending: House Subcommittee on Financial Institutions and Consumer Credit Committee
Text: Latest bill text (Introduced) [PDF]

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.

Money Remittances Improvement Act of 2012

Rep. Keith Ellison [D-MN]

Rep. Erik Paulsen [R-MN]

Date	Chamber	Action
2012-12-20	House	Referred to the Subcommittee on Financial Institutions and Consumer Credit.
2012-12-05	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/6637/all-info
Text	https://www.congress.gov/112/bills/hr6637/BILLS-112hr6637ih.pdf