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- S.2885
S.2885: Wire Transfer Fairness and Disclosure Act of 2002
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about government operations and politics
- Introduced Aug. 1, 2002
- Latest Major Action Aug. 1, 2002
Bill Sponsor
Bill Cosponsor
Bill Summary
Wire Transfer Fairness and Disclosure Act of 2002 - Amends the Electronic Fund Transfer Act to require that the following disclosures be prominently displayed on the premises of a money transmitting business which initiates an international money transfer for a consumer: (1) the exchange rate used in connection with such transaction; (2) the exchange rate prevailing at a major financial center of the foreign country whose currency is involved...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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| Aug. 1, 2002 |
Introduced in the Senate by Jon Stevens Corzine (D-N.J.) |