Remittance Status Verification Act of 2013
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jun 18, 2013)
Remittance Status Verification Act of 2013 - Amends the Electronic Fund Transfer Act to require a remittance transfer provider, before initiating a transfer, to request from the sender of a remittance whose recipient is located in a country other than the United States proof of the sender's status under U.S. immigration laws.
Cites admissible documentation attesting to the sender's status, including a state-issued driver's license or federal passport.
Directs a remittance transfer provider to impose, upon any sender unable to provide such proof of status, a fine equal to 7% of the U.S. dollar amount to be transferred.
Requires submission to the Consumer Financial Protection Bureau (CFPB) of all fines imposed and collected by a remittance transfer provider in order to pay the administrative and enforcement costs of implementing this Act.
Requires the Comptroller General (GAO) to study the effects of the enactment of this Act.
What just happenedJun 18, 2013
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateJun 18, 2013
- Jun 18, 2013IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jun 18, 2013IntroReferral10000
Introduced in Senate