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HR 3939 101th Congress House

Money Laundering Prevention and Payment System Protection Act of 1990

Official title: To express the sense of the Congress that States should establish uniform laws on the regulation of check cashing services, money order issuers, and other nonb… Show full official titleShow less

Official title: To express the sense of the Congress that States should establish uniform laws on the regulation of check cashing services, money order issuers, and other nonbank money transmitters for the purpose of preventing money laundering and protecting the payment system, to require the Secretary of the Treasury to conduct a study to make appropriate recommendations on such efforts, and for other purposes.

Introduced: February 1, 1990 See on congress.gov
Finance and Financial Sector ChecksCrime and Law EnforcementFinancial servicesFines (Penalties)
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LicensesMoneyMoney launderingState laws
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 8, 1990
Subcommittee Hearings Held.
Mar 8, 1990
Subcommittee Consideration and Mark-up Session Held.
Mar 8, 1990
Forwarded by Subcommittee to Full Committee.
Feb 15, 1990
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Feb 1, 1990
Referred to the House Committee on Banking, Finance + Urban Affrs.
Feb 1, 1990
Introduced in House
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 Latest action March 8, 1990

Subcommittee Hearings Held.

 Plain-English summary Congressional Research Service

Money Laundering Prevention and Payment System Protection Act of 1990 - Expresses the sense of the Congress that the States should: (1) establish a uniform regulatory scheme for non-depository institutions engaged in money transactions (such as check cashing services, money orders, and travelers checks; and (2) develop a model statute to regulate such services (including licensing standards and civil and criminal penalties for noncompliance).

Requires the Secretary of the Treasury to report to the Congress the results of a study of the progress made by the States in developing and enacting such a model statute.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · Feb 1, 1990
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3939: Money Laundering Prevention and Payment System Protection Act of 1990. 101st Congress. Open America. https://openamerica.io/bill/101-HR-3939/
MLA
"H.R. 3939: Money Laundering Prevention and Payment System Protection Act of 1990." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-3939/.
Bluebook (legal)
H.R. 3939, 101st Cong. (2026), https://openamerica.io/bill/101-HR-3939/.
Markdown link
[H.R. 3939: Money Laundering Prevention and Payment System Protection Act of 1990](https://openamerica.io/bill/101-HR-3939/)
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