BACKSTORY To allow the Secretary of the Treasury to rely on State examinations for certain financial institutions, and for other purposes. The Money Remittances Improvement Act of 2014 (H.R. 4386; Pub.L. 113–156) is a bill that passed in the United States House of Representatives during the 113th United States Congress.
The list of organizations pushing the bill included:
<><> Conference of State Bank Supervisors,
<><>Money Transmitter Regulators Association,
<><> Oxfam America,
<><> African Development Solutions (ADESO),
<><> the Somali American Remittances Association,
<><> Tawakal Money Express,
<><> Kaah Express,
<><> Dahab-shiil (Somali refugee camp in Kenyan desert),
<><> Amal USA Inc,
<><> Somali Action Alliance,
<><> The Confederation of Somali Community in Minnesota.
SOURCE https://en.wikipedia.org/wiki/Money_Remittances_Improvement_Act_of_2014
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