IIB 
113TH CONGRESS 
2D SESSION 
H. R. 4386 
IN THE SENATE OF THE UNITED STATES 
MAY 7, 2014 
Received; read twice and referred to the Committee on Banking, Housing, and 
Urban Affairs 
AN ACT 
To allow the Secretary of the Treasury to rely on State 
examinations for certain financial institutions, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Money Remittances 
Improvement Act of 2014’’. 
SEC. 2. COMPLIANCE AUTHORITY FOR CERTAIN REPORT-
ING REQUIREMENTS. 
(a) COMPLIANCE WITH REPORTING REQUIREMENTS 
ON MONETARY INSTRUMENT TRANSACTIONS.—Section 
5318(a) of title 31, United States Code, is amended— 
(1) in paragraph (5), by striking ‘‘and’’ at the 
end; 
(2) by redesignating paragraph (6) as para-
graph (7); and 
(3) by inserting after paragraph (5) the fol-
lowing: 
‘‘(6) rely on examinations conducted by a State 
supervisory agency of a category of financial institu-
tion, if the Secretary determines that— 
‘‘(A) the category of financial institution is 
required to comply with this subchapter and 
regulations prescribed under this subchapter; or 
‘‘(B) the State supervisory agency exam-
ines the category of financial institution for 
compliance with this subchapter and regulations 
prescribed under this subchapter; and’’. 
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(b) COMPLIANCE WITH REPORTING REQUIREMENTS 
OF OTHER FINANCIAL INSTITUTIONS.—Section 128 of 
Public Law 91–508 (12 U.S.C. 1958) is amended— 
(1) by striking ‘‘this title’’ and inserting ‘‘this 
chapter and section 21 of the Federal Deposit Insur-
ance Act (12 U.S.C. 1829b)’’; and 
(2) by inserting at the end the following: ‘‘The 
Secretary may rely on examinations conducted by a 
State supervisory agency of a category of financial 
institution, if the Secretary determines that the cat-
egory of financial institution is required to comply 
with this chapter and section 21 of the Federal De-
posit Insurance Act (and regulations prescribed 
under this chapter and section 21 of the Federal De-
posit Insurance Act), or the State supervisory agen-
cy examines the category of financial institution for 
compliance with this chapter and section 21 of the 
Federal Deposit Insurance Act (and regulations pre-
scribed under this chapter and section 21 of the 
Federal Deposit Insurance Act).’’. 
(c) CONSULTATION WITH STATE AGENCIES.—In 
issuing rules to carry out section 5318(a)(6) of title 31, 
United States Code, and section 128 of Public Law 91– 
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508 (12 U.S.C. 1958), the Secretary of the Treasury shall 
consult with State supervisory agencies. 
Passed the House of Representatives May 6, 2014. 
Attest: 
KAREN L. HAAS, 
Clerk. 
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