HOUSE 1497117th CongressReferred to the House Committee on Financial Services.

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

Last Action: 3/2/2021

Actions

2021-03-02Referred to the House Committee on Financial Services.
2021-03-02Introduced in House
2021-03-02Introduced in House

CRS Summary

As of 2021-03-02 (00)

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.

Subjects

Bank accounts, deposits, capital
Banking and financial institutions regulation
Computers and information technology

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