H.R. 2893 · 111th Congress
Money Service Business Act of 2009
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MaloneySponsor4 cosponsors · 1 D, 3 R
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Money Service Business Act of 2009 - Revises certain requirements for anti-money laundering programs with respect to federally insured depository institutions.
What it does: CRS summary · Introduced in House · Jun 16, 2009
Money Service Business Act of 2009 - Revises certain requirements for anti-money laundering programs with respect to federally insured depository institutions.
Declares that, if such institutions have on file specified mandatory self-certifications submitted by a money transmitting business for which the institutions maintain an account, the institutions have no obligation to review the compliance of the money transmitting business with federal anti-money laundering requirements.
Sets forth civil and criminal penalties for violations of this Act without regard to whether such violations were willful.
Shields an institution from liability for the noncompliance of a money transmitting business with federal anti-money laundering requirements.
Prescribes requirements for a self-certification by a money transmitting business that it is in compliance with federal anti-money laundering requirements.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Money Service Business Act of 2009
Latest action (Jun 17, 2009): Sponsor introductory remarks on measure. (CR E1449)
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 16, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.