[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 749 Referred in Senate (RFS)]
1st Session
H. R. 749
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IN THE SENATE OF THE UNITED STATES
April 27, 2005
Received; read twice and referred to the Committee on Banking, Housing,
and Urban Affairs
_______________________________________________________________________
AN ACT
To amend the Federal Credit Union Act to provide expanded access for
persons in the field of membership of a Federal credit union to money
order, check cashing, and money transfer services.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Expanded Access to Financial
Services Act of 2005''.
SEC. 2. CHECK CASHING AND MONEY TRANSFER SERVICES OFFERED WITHIN THE
FIELD OF MEMBERSHIP.
Paragraph (12) of section 107 of the Federal Credit Union Act (12
U.S.C. 1757(12)) is amended to read as follows:
``(12) in accordance with regulations prescribed by the
Board--
``(A) to sell, to persons in the field of
membership, negotiable checks (including travelers
checks), money orders, and other similar money transfer
instruments (including international and domestic
electronic fund transfers); and
``(B) to cash checks and money orders and receive
international and domestic electronic fund transfers
for persons in the field of membership for a fee;''.
Passed the House of Representatives April 26, 2005.
Attest:
JEFF TRANDAHL,
Clerk.