Stored Value Device Registration and Reporting Act of 2010

Referred to the House Committee on Financial Services.

H.R.4966 through Congress

H.R.4966 keeps its number as it moves between the House and Senate.

HouseMar 25, 2010IntroducedOfficial record

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No Senate action is available in our imported record yet.

Separate related Senate measures (1)

These are different measures identified as related by Congress.gov. Their text and outcomes may differ; they are not the Senate stage of H.R.4966.

Related Senate bill: S.3175 A bill to amend the Omnibus Budget Reconciliation Act of 1993 to require the Bureau of Land Management to provide a claimant of a small miner waiver from claim maintenance fees with a period of 60 days after written receipt of 1 or more defects is provided to the claimant by registered mail to cure the 1 or more defects or pay the claim maintenance fee, and for other purposes.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Mar 25, 2010

Stored Value Device Registration and Reporting Act of 2010 - Treats as a financial institution subject to federal regulation any person engaged in the business of issuing stored value devices or processing transactions related to such devices, including accessing information pertaining to the funds stored on a device, retrieving such funds, or adding funds to be stored on the device.

Treats such stored value devices as monetary instruments. Prescribes procedures for mandatory registration of such devices with the Secretary of the Treasury. Subjects to a civil penalty noncompliance with such requirement

Instructs the Secretary to: (1) prescribe regulations establishing a threshold point under which small stored value device businesses are exempt from such registration requirements; and (2) study and report to Congress on specified uses of such devices, including the extent to which they are used to provide payments related to drug trafficking and human trafficking or financial support to terror cells operating within the United States.

Read the summary on Congress.gov

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People & committees

Who introduced it

Rep. Giffords, Gabrielle [D-AZ-8] · D–AZ

Committees

Financial Services Committee

1 cosponsorship records, including any withdrawals

Rep. Bilbray, Brian P. [R-CA-50]

Legislative record

Actions

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Mar 25, 2010
Referred to the House Committee on Financial Services.
Mar 25, 2010
Introduced in House
Mar 25, 2010
Introduced in House

Primary sources

Bill text & related measures

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Introduced in House · Mar 25, 2010 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.4966 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.4966, 111th Congress: Stored Value Device Registration and Reporting Act of 2010

Official record: https://www.congress.gov/bill/111th-congress/house-bill/4966

Text version to examine: Introduced in House · 2010-03-25.

Official full text: https://www.congress.gov/111/bills/hr4966/BILLS-111hr4966ih.htm

Imported record last updated by the source: 2025-08-14T16:17:01Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.4966 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.4966 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss H.R.4966, 111th Congress: Stored Value Device Registration and Reporting Act of 2010

Official record: https://www.congress.gov/bill/111th-congress/house-bill/4966

Text version to examine: Introduced in House · 2010-03-25.

Official full text: https://www.congress.gov/111/bills/hr4966/BILLS-111hr4966ih.htm

Imported record last updated by the source: 2025-08-14T16:17:01Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.4966 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.4966 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.4966, 111th Congress: Stored Value Device Registration and Reporting Act of 2010

Official record: https://www.congress.gov/bill/111th-congress/house-bill/4966

Text version to examine: Introduced in House · 2010-03-25.

Official full text: https://www.congress.gov/111/bills/hr4966/BILLS-111hr4966ih.htm

Imported record last updated by the source: 2025-08-14T16:17:01Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.4966 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.4966 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.4966, 111th Congress: Stored Value Device Registration and Reporting Act of 2010

Official record: https://www.congress.gov/bill/111th-congress/house-bill/4966

Text version to examine: Introduced in House · 2010-03-25.

Official full text: https://www.congress.gov/111/bills/hr4966/BILLS-111hr4966ih.htm

Imported record last updated by the source: 2025-08-14T16:17:01Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.4966 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.