US Congress Senate Bill 1176 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on June 18 2013 - 25% progression, died in committee
Action: 2013-06-18 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Remittance Status Verification Act of 2013 - Amends the Electronic Fund Transfer Act to require a remittance transfer provider, before initiating a transfer, to request from the sender of a remittance whose recipient is located in a country other than the United States proof of the sender's status under U.S. immigration laws. Cites admissible documentation attesting to the sender's status, including a state-issued driver's license or federal passport. Directs a remittance transfer provider to impose, upon any sender unable to provide such proof of status, a fine equal to 7% of the U.S. dollar amount to be transferred. Requires submission to the Consumer Financial Protection Bureau (CFPB) of all fines imposed and collected by a remittance transfer provider in order to pay the administrative and enforcement costs of implementing this Act. Requires the Comptroller General (GAO) to study the effects of the enactment of this Act.

Remittance Status Verification Act of 2013

Sen. David Vitter [R-LA]

Date	Chamber	Action
2013-06-18	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/1176/all-info
Text	https://www.congress.gov/113/bills/s1176/BILLS-113s1176is.pdf