Money Remittances Improvement Act of 2013

[AI summary unavailable — showing source text] [Congressional Bills 113th Congress] [From the U.S. Government Publishing Office] [H.R. 1694 Introduced in House (IH)] 113th CONGRESS 1st Session H. R. 1694 To allow the Secretary of the Treasury to rely on State examinations for certain financial institutions, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 24, 2013 Mr. Ellison (for himself, Mr. Paulsen, and Mr. Duffy) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To allow the Secretary of the Treasury to rely on State examinations for certain financial institutions, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Money Remittances Improvement Act of 2013''. SEC. 2. COMPLIANCE AUTHORITY FOR CERTAIN REPORTING REQUIREMENTS. (a) Compliance With Reporting Requirements on Monetary Instrument Transactions.--Section 5318(a) of title 31, United States Code, is amended-- (1) in paragraph (5), by…