To amend section 5318 to prohibit the use of identification issued by foreign governments, other than passports, for purposes of verifying the identity of a person who opens an account at a financial institution, and for other purposes.
Financial Customer Identification Verification Improvement Act - Amends Federal law governing monetary transactions to prohibit a financial institution from accepting any form of identification issued by a foreign government, other than a passport, for use in verifying the identity of a person in connection with the opening of an account, including a matricula consular issued in the United States by a duly authorized consular officer of the Government of Mexico.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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