To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.
USA116th CongressHR-8102| House
| Updated: 8/25/2020
Bill Foster
Democratic Representative
Illinois
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill requires a depository institution to make funds from a government check available immediately for withdrawal. Currently, these funds must be made available the next business day after deposit.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Bank accounts, deposits, capitalComputers and information technology
To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.
USA116th CongressHR-8102| House
| Updated: 8/25/2020
This bill requires a depository institution to make funds from a government check available immediately for withdrawal. Currently, these funds must be made available the next business day after deposit.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Bill Foster
Democratic Representative
Illinois
Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalComputers and information technology