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HR 2074 108th Congress House

International Money Transfer Disclosure Act

Official title: To require certain disclosures in connection with any international money transfer, and for other purposes.

Introduced: July 14, 2004 See on congress.gov
Finance and Financial Sector CommerceConsumer educationElectronic funds transfersEnglish language
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FeesFinancial institutionsForeign Trade and International FinanceForeign exchangeGovernment Operations and PoliticsInternational bankingLanguage and languagesScience, Technology, CommunicationsUser charges
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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
May 23, 2003
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
May 13, 2003
Referred to the House Committee on Financial Services.
May 13, 2003
Sponsor introductory remarks on measure. (CR E941-942)
May 13, 2003
Introduced in House
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 Latest action May 23, 2003

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service

International Money Transfer Disclosure Act - Directs certain Federal agencies to jointly prescribe regulations requiring a financial institution or money transmitting business which initiates an international money transfer on behalf of a consumer to make a good faith effort to disclose to the consumer before consummation of the transaction: (1) any fees to be charged to the recipient, including any exchange rate or currency conversion fees; (2) a final itemization of all costs to the consumer for the remittance; and (3) the exact amount of foreign currency to be received by the recipient in the foreign country.

Mandates that such disclosures take place in English and in the same language, if other than English, as the language principally used by the financial institution or money transmitting business to advertise, solicit, or negotiate at its office where the international money transfer is initiated.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Sherman, Brad
California · Jul 14, 2004
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2074: International Money Transfer Disclosure Act. 108th Congress. Open America. https://openamerica.io/bill/108-HR-2074/
MLA
"H.R. 2074: International Money Transfer Disclosure Act." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-2074/.
Bluebook (legal)
H.R. 2074, 108th Cong. (2026), https://openamerica.io/bill/108-HR-2074/.
Markdown link
[H.R. 2074: International Money Transfer Disclosure Act](https://openamerica.io/bill/108-HR-2074/)
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