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HR 1306 107th Congress House Finance and Financial Sector Advertising Commerce Consumer education Electronic funds transfers English language Financial institutions Foreign Trade and International Finance Foreign exchange Government Operations and Politics International banking Language and languages Science, Technology, Communications User charges

Wire Transfer Fairness and Disclosure Act of 2001

Introduced: March 29, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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 10, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 3, 2001
Sponsor introductory remarks on measure. (CR E514)
Mar 29, 2001
Referred to the House Committee on Financial Services. (text of measure as introduced: CR E514-515)
Mar 29, 2001
Introduced in House
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 Plain-English summary Congressional Research Service
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.

What's happening now April 10, 2001

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 9
All 9 Democratic 8 Independent 1
D
Schiff, Adam B.
California · Apr 26, 2001
 D
DeLauro, Rosa L.
Connecticut · Apr 3, 2001
 D
McGovern, James P.
Massachusetts · Apr 3, 2001
 D
Baldwin, Tammy
Wisconsin · Mar 29, 2001
 D
Davis, Danny K.
Illinois · Mar 29, 2001
 D
Lofgren, Zoe
California · Mar 29, 2001
 D
Norton, Eleanor Holmes
District of Columbia · Mar 29, 2001
 I
Sanders, Bernard
Vermont · Mar 29, 2001
 D
Schakowsky, Janice D.
Illinois · Mar 29, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1306: Wire Transfer Fairness and Disclosure Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1306/
MLA
"H.R. 1306: Wire Transfer Fairness and Disclosure Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1306/.
Bluebook (legal)
H.R. 1306, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1306/.
Markdown link
[H.R. 1306: Wire Transfer Fairness and Disclosure Act of 2001](https://openamerica.io/bill/107-HR-1306/)
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