H.R. 1497 · 117th Congress
To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government…
Full title
To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
FosterSponsorNo cosponsors.
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.
What it does: CRS summary · Introduced in House · Mar 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.
Latest action (Mar 2, 2021): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 2, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.