United States Department of Transportation, United States Department of the Treasury
Legislative history
Introduced in the House as H.R. 4386 by Rep. Keith Ellison (D, MN-5) on April 3, 2014
Committee consideration by United States House Committee on Financial Services
Passed the House on May 6, 2014 (voice vote)
Passed the Senate on August 1, 2014 (unanimous consent)
Signed into law by President Barack Obama on August 8, 2014
The Money Remittances Improvement Act of 2014 (H.R. 4386; Pub. L.Tooltip Public Law (United States) 113–156 (text) (PDF)) is a bill that passed in the United States House of Representatives during the 113th United States Congress. The bill would "allow the Treasury secretary to use state examinations for certain financial institutions instead of federal reporting requirements."[1] The bill would make it easier for nonbank financial institutions such as money service businesses to provide remittance payments internationally.[2]
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^Radio, Dalsan (7 May 2014). "Somalia: Congressman Ellison's Money Remittances Improvement Act Passed". All Africa. Retrieved 8 May 2014.
and 26 Related for: Money Remittances Improvement Act of 2014 information
consecutively remains the top receiver ofremittances. In 2022, the top six recipient countries for remittances inflows in current[when?] U.S. dollars...
families in their country of origin are known as remittances. Remittances are an important aspect of the global economy, totaling an estimated $601 billion...
such as money service businesses to provide remittance payments internationally. Ellison said that "passage of the MoneyRemittancesImprovementAct is cause...
use of formal channels of sending money home. The orderly foreign exchange market conditions also contributed to the rise in remittances. Remittances helped...
their extended families abroad, remittances that were facilitated by the signing of the MoneyRemittancesImprovementAct. Following a greatly improved...
income of $100.2 billion and transferred $97.7 billion to the U.S. Treasury, and 2020 earnings were approximately $88.6 billion with remittances to the...
geographical areas, reducing the cost of settlement between them. Credit quality improvement – banks lend money to ordinary commercial and personal borrowers...
companies are governed by the Monetary Authority of Singapore under the Money-Changing and Remittance Businesses Act which sets out the criteria for license application...
Insurance Portability and Accountability Actof 1996 (HIPAA or the Kennedy–Kassebaum Act) is a United States Actof Congress enacted by the 104th United States...
officials siphoning money from government social welfare schemes. Examples include the Mahatma Gandhi National Rural Employment Guarantee Act and the National...
Mexicans send about $20 billion in remittances to Mexico in 2009, which makes remittances one of Mexico's top three sources of foreign exchange. Although Mexican...
country dependent on remittances. Most remittances are sent by Somalis-based abroad to relatives in Somalia. This accounts for 20%-50% of the Somali economy...
nature and effects of remittancemoney remain contested. The International Monetary Fund has reported that private remittances may have a negative impact...
services and improving mail delivery, remittances (electronic and manual) and postal-savings plans. Core areas for improvement are branding, information technology...
bills of the 113th United States Congress List of United States federal legislation List of acts of the 112th United States Congress List of acts of the...
per capita GDP. A study on remittances to Mexico found that remittances lead to a substantial increase in the availability of public services in Mexico...
Congress. Retrieved 22 July 2013. "H.R. 1406, The Working Families Flexibility Actof 2013". Education & The Workforce. 9 April 2013. "H.R. 1406 – Summary". United...
Representation of the Peoples Act, 1950" (PDF). Lawmin.nic.in. Archived from the original (PDF) on 24 August 2015. Retrieved 17 December 2014. "Archived copy"...
encountered considerable opposition. In a positive development in the improvementof the lives of female sex workers in Calcutta, a state-owned insurance company...
orders a bank, building society (or credit union) to pay a specific amount ofmoney from a person's account to the person in whose name the cheque has been...
sector makes up 55.6% of GDP, the industrial sector 26.3% and the agricultural sector 18.1%. India's foreign exchange remittancesof US$100 billion in 2022...
Usury Act 1713 (13 Ann. c. 15) Relief of the Poor Act 1782 (22 Geo. 3. c. 83) Prisons (Ireland) Act 1810 (50 Geo. 3. c. 103) Justices of the Peace Act 1788...
Earnings remittances to the Treasury), and Treasury financial reports, e.g. 2018 Agency Financial Report (Sources of Custodial Revenue: Deposit of Earnings...
higher education act, an appropriation for a grant to Teach For America was line-item vetoed. In chapter 137, the omnibus legacy act, two appropriations...
Global Information