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United States · Bill · HR

H.R. 1306 (107th)

Wire Transfer Fairness and Disclosure Act of 2001

referredUnited States· United States Congress· EN

Introduced

29 March 2001

Last action

10 April 2001 · Referred

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Rep. Gutierrez, Luis V. [D-IL-4], Rep. Ehlers, Vernon J. [R-MI-3], Rep. LaFalce, John J. [D-NY-29], Rep. Hinchey, Maurice D. [D-NY-22], Sen. Baldwin, Tammy [D-WI], Rep. Farr, Sam [D-CA-20], Rep. Engel, Eliot L. [D-NY-16], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Bonior, David E. [D-MI-10], Rep. Rodriguez, Ciro D. [D-TX-28], Rep. Carson, Julia [D-IN-7], Rep. Ros-Lehtinen, Ileana [R-FL-27], Rep. Lantos, Tom [D-CA-12], Rep. McKinney, Cynthia A. [D-GA-4], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Blagojevich, Rod R. [D-IL-5], Rep. Frank, Barney [D-MA-4], Rep. Ortiz, Solomon P. [D-TX-27], Rep. Barrett, Thomas M. [D-WI-5], Rep. Lewis, John [D-GA-5], Rep. Lipinski, William O. [D-IL-3], Sen. Sanders, Bernard [I-VT], Rep. Evans, Lane [D-IL-17], Sen. Menendez, Robert [D-NJ], Rep. Filner, Bob [D-CA-51], Rep. Berman, Howard L. [D-CA-28], Rep. Eshoo, Anna G. [D-CA-18], Rep. Davis, Danny K. [D-IL-7], Rep. Lowey, Nita M. [D-NY-17], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Thurman, Karen L. [D-FL-5], Rep. Lee, Barbara [D-CA-12], Rep. Brown, Corrine [D-FL-5], Rep. Napolitano, Grace F. [D-CA-32], Rep. Wexler, Robert [D-FL-19], Rep. Conyers, John, Jr. [D-MI-13], Rep. Jones, Stephanie Tubbs [D-OH-11], Rep. Costello, Jerry F. [D-IL-12], Rep. Hinojosa, Ruben [D-TX-15], Rep. Owens, Major R. [D-NY-11], Rep. Miller, George [D-CA-11], Rep. Frost, Martin [D-TX-24], Rep. Solis, Hilda L. [D-CA-32], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Becerra, Xavier [D-CA-34], Rep. Reyes, Silvestre [D-TX-16], Rep. Cummings, Elijah E. [D-MD-7], Rep. Johnson, Eddie Bernice [D-TX-30]

Subjects

Discovery layer

Source updated

19 August 2025

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Summary

Wire Transfer Fairness and Disclosure Act of 2001 - Amends the Electronic Fund Transfer Act to require a financial institution or money transmitting business initiating an international money transfer on behalf of a consumer to disclose prominently on its premises and on its forms and receipts: (1) the exchange rate used in the transaction; (2) the exchange rate prevailing at a major financial center of the pertinent foreign country as of close of business on the business day immediately preceding the transaction date; (3) all commissions and fees charged in such transaction; and (4) the exact amount of foreign currency to be received by the consumer in the foreign country. Requires such information to be: (1) included in print, broadcast, and electronic advertisements; and (2) in English and in the same language as principally used by the institution or money transmitting business to advertise, solicit, or negotiate at that office if other than English.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 29 March 2001

    Introduced

    Referred to the House Committee on Financial Services. (text of measure as introduced: CR E514-515)

    Source: IntroReferral

  2. 29 March 2001

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 29 March 2001

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 3 April 2001

    Introduced

    Sponsor introductory remarks on measure. (CR E514)

    Source: IntroReferral

  5. 10 April 2001

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 29 March 2001

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  • Introduced in House (PDF)

    Introduced in House · EN · 29 March 2001

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  • Introduced in House

    summary · EN · 29 March 2001

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Sponsors

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Related records

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Sources

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