3.0.0 2074 2023-01-15T15:18:16Z 2023-01-15T15:18:16Z House H HR 2003-05-13 108 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2003-05-23T16:56:32Z Referred to 2003-05-13T16:31:25Z 2003-05-23 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2003-05-13 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2003-05-13 Sponsor introductory remarks on measure. (CR E941-942) IntroReferral B00100 9 Library of Congress 2003-05-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-05-13 Introduced in House IntroReferral 1000 9 Library of Congress G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 N F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2003-05-13 True G000544 Rep. Gonzalez, Charles A. [D-TX-20] CHARLES GONZALEZ D TX A. 20 2003-05-21 False S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2004-07-14 False Finance and Financial Sector Commerce Consumer education Electronic funds transfers English language Fees Financial institutions Foreign Trade and International Finance Foreign exchange Government Operations and Politics International banking Language and languages Science, Technology, Communications User charges Finance and Financial Sector 00 2003-05-13 Introduced in House 2003-09-29T16:56:18Z International Money Transfer Disclosure Act - Directs certain Federal agencies to jointly prescribe regulations requiring a financial institution or money transmitting business which initiates an international money transfer on behalf of a consumer to make a good faith effort to disclose to the consumer before consummation of the transaction: (1) any fees to be charged to the recipient, including any exchange rate or currency conversion fees; (2) a final itemization of all costs to the consumer for the remittance; and (3) the exact amount of foreign currency to be received by the recipient in the foreign country.

Mandates that such disclosures take place in English and in the same language, if other than English, as the language principally used by the financial institution or money transmitting business to advertise, solicit, or negotiate at its office where the international money transfer is initiated.

]]> International Money Transfer Disclosure Act Display Title International Money Transfer Disclosure Act Official Title as Introduced To require certain disclosures in connection with any international money transfer, and for other purposes. Introduced in House IH Short Titles as Introduced International Money Transfer Disclosure Act Introduced in House 2003-05-13T04:00:00Z 2003-05-23 Referred to the Subcommittee on Financial Institutions and Consumer Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.