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To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.

USA117th CongressHR-1497| House 
| Updated: 3/2/2021
Bill Foster

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

Bill from Previous Congress

HR 116-8102
To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.
Mar 2, 2021
Introduced in House
Mar 2, 2021
Referred to the House Committee on Financial Services.

  • Bill from Previous Congress

    HR 116-8102
    To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.
  • March 2, 2021
    Introduced in House
  • March 2, 2021
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Bank accounts, deposits, capitalBanking and financial institutions regulationComputers 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.

USA117th CongressHR-1497| House 
| Updated: 3/2/2021
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 Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-8102
To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.
Mar 2, 2021
Introduced in House
Mar 2, 2021
Referred to the House Committee on Financial Services.

  • Bill from Previous Congress

    HR 116-8102
    To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.
  • March 2, 2021
    Introduced in House
  • March 2, 2021
    Referred to the House Committee on Financial Services.
Bill Foster

Bill Foster

Democratic Representative

Illinois

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationComputers and information technology