S. 2208 · 113th Congress
Money Remittances Improvement Act of 2014
- Stage
- In committee
- Sponsor
- Mark Kirk
- Introduced
- 2014-04-03
- Latest action
- 2014-04-03 · Introduced in Senate
Summary
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.