Small Business Fraud Protection Act This bill extends the time limit for a small business to report an unauthorized electronic fund transaction before it will be responsible for the transaction's total amount from 24 hours to 60 days.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Administrative law and regulatory proceduresBank accounts, deposits, capitalConsumer creditConsumer Financial Protection BureauFraud offenses and financial crimesSmall business
Small Business Fraud Protection Act
USA116th CongressS-2883| Senate
| Updated: 11/18/2019
Small Business Fraud Protection Act This bill extends the time limit for a small business to report an unauthorized electronic fund transaction before it will be responsible for the transaction's total amount from 24 hours to 60 days.
Administrative law and regulatory proceduresBank accounts, deposits, capitalConsumer creditConsumer Financial Protection BureauFraud offenses and financial crimesSmall business