3.0.0 5315 2023-01-14T22:48:40Z 2023-01-14T22:48:40Z House H HR 2004-10-08 108 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2004-11-03T16:38:33Z Referred to 2004-10-08T13:08:40Z hsfa00 Foreign Affairs Committee House Standing Referred to 2004-10-08T13:08:45Z 2004-11-03 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2004-10-08 Referred to the Committee on Financial Services, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2004-10-08 Referred to the Committee on Financial Services, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2004-10-08 Referred to the Committee on Financial Services, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2004-10-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2004-10-08 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 2004-10-08 True M000639 Rep. Menendez, Robert [D-NJ-13] Robert Menendez D NJ 13 2004-10-08 True H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2004-10-08 True R000568 Rep. Rodriguez, Ciro D. [D-TX-28] CIRO RODRIGUEZ D TX D. 28 2004-10-08 True W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2004-10-08 True L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2004-10-08 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2004-10-08 True G000544 Rep. Gonzalez, Charles A. [D-TX-20] CHARLES GONZALEZ D TX A. 20 2004-10-08 True A000359 Resident Commissioner Acevedo-Vila, Anibal [D-PR-At Large] ANIBAL ACEVEDO-VILA D PR 0 2004-10-08 True G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2004-10-08 True S000248 Rep. Serrano, Jose E. [D-NY-16] JOSE SERRANO D NY E. 16 2004-10-08 True R000486 Rep. Roybal-Allard, Lucille [D-CA-34] LUCILLE ROYBAL-ALLARD D CA 34 2004-10-08 True S001153 Rep. Solis, Hilda L. [D-CA-32] HILDA SOLIS D CA L. 32 2004-10-08 True N000179 Rep. Napolitano, Grace F. [D-CA-38] GRACE NAPOLITANO D CA F. 38 2004-10-08 True T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 2004-10-08 True B001241 Rep. Bell, Chris [D-TX-25] Chris Bell D TX 25 2004-10-08 True M001137 Rep. Meeks, Gregory W. [D-NY-6] GREGORY MEEKS D NY W. 6 2004-10-08 True L000090 Rep. Lantos, Tom [D-CA-12] TOM LANTOS D CA 12 2004-11-19 False Finance and Financial Sector Administrative procedure Automated clearing houses Automated teller machines Bank accounts Bank loans Caribbean area Commerce Congress Congressional investigations Congressional reporting requirements Consumer education Consumer protection Credit unions Department of the Treasury Developing countries Development credit institutions Economic assistance Economic development Economic statistics Economics and Public Finance El Salvador Electronic funds transfers Electronic government information English language Federal Deposit Insurance Corporation Federal Reserve System Federal preemption Fees Financial institutions Financial services Foreign Trade and International Finance Foreign banks and banking Foreign exchange Foreign loans Government Operations and Politics Government paperwork Government publicity Housing and Community Development Housing finance International Affairs Jamaica Language and languages Latin America Law Licenses Mexico Mortgage banks Mortgages National Credit Union Administration Public service advertising Science, Technology, Communications Small business Standards State laws Finance and Financial Sector 00 2004-10-08 Introduced in House 2005-03-24T22:21:38Z International Remittance Consumer Protection Act of 2004 - Amends the Electronic Fund Transfer Act to require a remittance transfer provider to: (1) clearly and conspicuously make specified disclosures in writing and in a form that the consumer may keep to each consumer requesting a remittance transfer; and (2) make such disclosures in English and in the same languages principally used by the remittance transfer provider, or its agents at that office, if other than English.

Prescribes error resolution guidelines and remedies governing remittance transfer errors.

Instructs the Secretary of the Treasury to publish electronically on each business day the foreign currencies dollar exchange rate.

Amends the Federal Credit Union Act to empower Federal Credit Unions to: (1) provide remittance transfers to persons in the field of membership; and (2) cash checks and money orders for such persons for a fee.

Directs the Board of Governors of the Federal Reserve System to work with the Federal reserve banks to expand the use of the automated clearinghouse system for remittance transfers to foreign countries.

Requires certain Federal banking agencies to provide guidelines to financial institutions offering low-cost remittance transfers and no-cost or low-cost basic consumer accounts, as well as agency services to remittance transfer providers.

Requires such agencies and the Secretary to assist the Financial Literacy and Education Commission in improving the financial literacy and education of consumers who send remittances.

Amends the Foreign Assistance Act of 1961 to direct the President, acting through the Administrator of the U.S. Agency for International Development, to provide assistance to leverage personal remittances and reduce the cost of remittances sent to Latin America and the Caribbean.

Amends the Inter-American Development Bank Act to direct the Secretary of the Treasury to instruct the U.S. Executive Director at the Inter-American Development Bank to use the U.S. voice, vote, and influence to urge the Bank, among other specified things, to provide assistance to increasing access to financial institutions for the poor and working with local financial institutions to reduce fees and other costs associated with sending or receiving remittances.

Directs the Comptroller General to study and report to specified congressional committees on the remittance transfer system.

]]> International Remittance Consumer Protection Act of 2004 Display Title International Remittance Consumer Protection Act of 2004 Official Title as Introduced To amend the Electronic Fund Transfer Act to extend certain consumer protections to international remittance transfers of funds originating in the United States, and for other purposes. Introduced in House IH Short Titles as Introduced International Remittance Consumer Protection Act of 2004 Introduced in House 2004-10-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-108hr5315ih/xml/BILLS-108hr5315ih.xml 2004-11-03 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.