Skip to main content
HR 3726 105th Congress House

Wire Transfer Fairness and Disclosure Act of 1998

Official title: To amend the Electronic Fund Transfer Act to require additional disclosures relating to exchange rates in transfers involving international transactions.

Introduced: May 13, 1998 See on congress.gov
Finance and Financial Sector AdvertisingCommerceConsumer educationElectronic funds transfers
More subjectsShow fewer subjects
English languageFinancial institutionsForeign Trade and International FinanceForeign exchangeGovernment Operations and PoliticsInternational bankingLanguage and languagesScience, Technology, CommunicationsUser charges
Sign in to write a letter Sign in to watch
This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 30, 1998
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 23, 1998
Referred to the House Committee on Banking and Financial Services.
Apr 23, 1998
Sponsor introductory remarks on measure. (CR E669-670)
Apr 23, 1998
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action April 30, 1998

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service

Wire Transfer Fairness and Disclosure Act of 1998 - 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; and (3) all commissions and fees charged in such transaction.

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Velázquez, Nydia M.
New York · May 13, 1998
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3726: Wire Transfer Fairness and Disclosure Act of 1998. 105th Congress. Open America. https://openamerica.io/bill/105-HR-3726/
MLA
"H.R. 3726: Wire Transfer Fairness and Disclosure Act of 1998." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-3726/.
Bluebook (legal)
H.R. 3726, 105th Cong. (2026), https://openamerica.io/bill/105-HR-3726/.
Markdown link
[H.R. 3726: Wire Transfer Fairness and Disclosure Act of 1998](https://openamerica.io/bill/105-HR-3726/)
Report a problem