A bill to allow the Secretary of the Treasury to rely on State examinations for certain financial institutions, and for other purposes.
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.
Referred to the House Committee on Financial Services.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Became Public Law No: 113-156.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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