3.0.0 2893 2023-01-11T13:18:49Z 2023-01-11T13:18:49Z House H HR 2009-06-16 111 hsba00 Financial Services Committee House Standing Referred to 2009-06-16T14:31:46Z 2009-06-17 Sponsor introductory remarks on measure. (CR E1449) IntroReferral B00100 9 Library of Congress 2009-06-16 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-06-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-06-16 Introduced in House IntroReferral 1000 9 Library of Congress M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 N B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2009-06-16 True G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2009-06-16 True H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2009-06-16 True B001232 Rep. Biggert, Judy [R-IL-13] JUDY BIGGERT R IL 13 2009-06-16 True Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Business records Civil actions and liability Department of the Treasury Fraud offenses and financial crimes Organized crime Finance and Financial Sector 00 2009-06-16 Introduced in House 2009-09-18T21:00:03Z Money Service Business Act of 2009 - Revises certain requirements for anti-money laundering programs with respect to federally insured depository institutions.

Declares that, if such institutions have on file specified mandatory self-certifications submitted by a money transmitting business for which the institutions maintain an account, the institutions have no obligation to review the compliance of the money transmitting business with federal anti-money laundering requirements.

Sets forth civil and criminal penalties for violations of this Act without regard to whether such violations were willful.

Shields an institution from liability for the noncompliance of a money transmitting business with federal anti-money laundering requirements.

Prescribes requirements for a self-certification by a money transmitting business that it is in compliance with federal anti-money laundering requirements.

]]> Money Service Business Act of 2009 Display Title Money Service Business Act of 2009 Official Title as Introduced To amend section 5318 of title 31, United States Code, to eliminate regulatory burdens imposed on insured depository institutions and money services businesses and enhance the availability of transaction accounts at depository institutions for such business, and for other purposes. Introduced in House IH Short Titles as Introduced Money Service Business Act of 2009 Introduced in House 2009-06-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr2893ih/xml/BILLS-111hr2893ih.xml 2009-06-17 Sponsor introductory remarks on measure. (CR E1449) 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.