VotedBy VotedBy ⌕
Election Day · Tue, Nov 3See how your members of Congress voted →

H.R. 4277 · 117th Congress

Overdraft Protection Act of 2021

Key: what the circles and colors mean

Each circle is a bill. The ring fills as it moves through Congress:

IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.

Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.

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.

CMD MaloneySponsor
66 cosponsors · 66 D
SCD Cohen ACD Carson DCD Cicilline DDD Davis BFD Foster RGD Grijalva CGD García SGD Garcia JHD Hayes RKD Khanna SLD Lynch ALD Lawson JMD McGovern GMD Moore END Norton MND Newman DPD Payne BRD Rush KRD Rice JRD Raskin BSD Sherman JSD Schakowsky ASD Sires TSD Suozzi MSD San Nicolas MTD Takano RTD Tlaib DTD Trone RTD Torres NVD Velázquez AED Espaillat EBD Blumenauer AOD Ocasio-Cortez GND Napolitano PDD DeFazio JND Neguse PWD Welch SBD Bonamici PTD Tonko SCD Casten IOD Omar BWD Watson Coleman BLD Lee MJD Jones GMD Meeks AGD Green SBD Brown AED Eshoo BLD Lawrence SJD Jackson Lee AKD Kuster ALD Lowenthal APD Pressley JSD Speier NBD Barragán LTD Trahan PJD Jayapal DBD Beyer GMD Meng ZLD Lofgren ESD Swalwell JCD Chu ALD Levin MDD DeSaulnier MSD Stansbury JHD Huffman

30 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

This bill prohibits a financial institution from engaging in unfair or deceptive acts in connection with overdraft coverage.

What it does: CRS summary · Introduced in House · Jun 30, 2021

Overdraft Protection Act of 2021

This bill prohibits a financial institution from engaging in unfair or deceptive acts in connection with overdraft coverage.

Each financial institution that offers overdraft coverage for accounts must disclose overdraft coverage fees. It must also disclose that

  • the consumer's transaction may be declined if there are insufficient funds in the related account, and
  • the consumer will not be charged a fee if such transaction is declined.

A financial institution must provide certain other disclosures regarding its overdraft protection program, including prompt notification of the account's overdraft status.

The bill limits the number of overdraft fees a consumer may be charged each month and year, and provides that such fees must be reasonable.

The bill prohibits an overdraft coverage fee if the overdraft results solely from a debit hold amount that exceeds the actual dollar amount of the transaction.

The bill also prohibits a financial institution from

  • charging a non-sufficient fund fee for any automated teller machine or debit card transaction, or
  • reporting negative information regarding consumer use of overdraft coverage to any consumer reporting agency when the overdraft amounts and coverage fees are paid under the terms of an overdraft coverage program.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Overdraft Protection Act of 2021

Latest action (Jul 27, 2022): Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 30, 2021

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.