3.0.0 3909 2023-01-13T04:49:29Z 2023-01-13T04:49:29Z House H HR 2005-09-27 109 hsba00 Financial Services Committee House Standing Reported by 2005-12-07T00:11:09Z Markup by 2005-10-28T15:38:44Z Referred to 2005-09-27T16:30:25Z H. Rept. 109-326 2005-12-06 Placed on the Union Calendar, Calendar No. 179. Calendars H12410 2 House floor actions U00179 2005-12-06 Reported (Amended) by the Committee on Financial Services. H. Rept. 109-326. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2005-12-06 Reported (Amended) by the Committee on Financial Services. H. Rept. 109-326. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2005-10-28 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by Voice Vote. Committee 2005-10-28 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2005-09-27 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2005-09-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-09-27 Introduced in House IntroReferral 1000 9 Library of Congress B001247 Rep. Brown-Waite, Ginny [R-FL-5] Ginny Brown-Waite R FL 5 N H000762 Rep. Hooley, Darlene [D-OR-5] DARLENE HOOLEY D OR 5 2005-09-27 True B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2005-09-27 True B000072 Rep. Baker, Richard H. [R-LA-6] RICHARD BAKER R LA H. 6 2005-09-27 True H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2005-09-29 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2005-10-06 False F000238 Rep. Foley, Mark [R-FL-16] MARK FOLEY R FL 16 2005-10-26 False W000797 Rep. Wasserman Schultz, Debbie [D-FL-20] Debbie Wasserman Schultz D FL 20 2005-10-27 False 2005-11-30T06:00:00Z H.R. 3909, Hurricane Check Cashing Relief Act of 2005 http://www.cbo.gov/publication/17517 <p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on October 27, 2005</p> 2005-11-30T06:00:00Z H.R. 3909, Hurricane Check Cashing Relief Act of 2005 https://www.cbo.gov/publication/17517 Cost estimate for the bill as ordered reported by the House Committee on Financial Services on October 27, 2005 Finance and Financial Sector Administrative procedure Alabama Bank fraud Bank reserves Checks Collection of accounts Commerce Credit unions Crime and Law Enforcement Crime prevention Displaced persons Economics and Public Finance Emergency Management Federal Deposit Insurance Corporation Federal Reserve System Floods Florida Government Operations and Politics Government corporations Hurricane aftermath legislation Hurricanes Identification devices Indemnity Law Losses Louisiana Mississippi National Credit Union Administration Social Welfare Social security numbers Standards Texas Water Resources Development Finance and Financial Sector 00 2005-09-27 Introduced in House 2005-10-20T19:30:56Z Hurricane Check Cashing Relief Act of 2005 - Directs the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) to establish an emergency program under which an insured depository institution may obtain an indemnification commitment from the FDIC for loss it has suffered (up to $2,000 per item) through cashing a check or share draft between August 28 and October 31, 2005, that: (1) is presented for payment by any individual who, as of August 28, 2005, resided in Florida, Alabama, Mississippi, Louisiana, or Texas in a presidentially declared major disaster area;and (2) is subsequently uncollectible.

Amends the Federal Reserve Act to direct the federal reserve banks to transfer from their surplus funds up to $200 million to meet the indemnification requirements of this Act.

Directs the Board of Governors of the Federal Reserve (Board) to issue implementation guidelines.

Provides for a limited 60-day extension of the check or share draft cashing period in specified circumstances.

]]> 17 2005-12-06 Reported to House with amendment(s) 2006-02-03T22:09:59Z Hurricane Check Cashing Relief Act of 2005 - Directs the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) to establish an emergency program under which an insured depository institution may obtain an indemnification commitment from the FDIC for loss it has suffered (up to $2,000 per item) through cashing a check or share draft between August 25 and November 15, 2005, that: (1) is presented for payment by any individual who, as of August 25, 2005, resided in Florida, Alabama, Mississippi, Louisiana, or Texas in a presidentially declared major disaster area; and (2) is subsequently uncollectible.

Amends the Federal Reserve Act to direct the federal reserve banks to transfer from their surplus funds up to $200 million to meet the indemnification requirements of this Act.

Directs the Board of Governors of the Federal Reserve (Board) to issue implementation guidelines.

Provides for a limited 60-day extension of the check or share draft cashing period if the Board determines that the continuing impact of the 2005 hurricane disasters on financial intermediation between consumers and financial institutions, on payment networks, and on other forms of communication require an extension of the programs established under this Act in order to continue to meet the immediate needs of victims of the disaster.

]]> Hurricane Check Cashing Relief Act of 2005 Display Title Hurricane Check Cashing Relief Act of 2005 Official Title as Introduced To provide emergency authority for the Federal Deposit Insurance Corporation and the National Credit Union Administration, in accordance with guidance issued by the Board of Governors of the Federal Reserve System, to guarantee checks cashed by insured depository institutions and insured credit unions for the benefit of noncustomers who are victims of certain 2005 hurricanes, and for other purposes. Introduced in House IH Short Titles as Introduced Hurricane Check Cashing Relief Act of 2005 Short Titles as Reported to House Hurricane Check Cashing Relief Act of 2005 H House Reported in House 2005-12-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr3909rh/xml/BILLS-109hr3909rh.xml Introduced in House 2005-09-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr3909ih/xml/BILLS-109hr3909ih.xml 2005-12-06 Placed on the Union Calendar, Calendar No. 179. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.