3.0.0 799 2021-09-29T19:52:21Z 2021-09-29T19:52:21Z House H HR 2005-02-15 109 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2005-04-04T19:08:28Z Referred to 2005-02-15T17:30:15Z 2005-04-04 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2005-02-15 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2005-02-15 Sponsor introductory remarks on measure. (CR E232-233) IntroReferral B00100 9 Library of Congress 2005-02-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-02-15 Introduced in House IntroReferral 1000 9 Library of Congress M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 N S000033 Rep. Sanders, Bernard [I-VT-At Large] Bernard Sanders I VT 0 2005-02-15 True W000794 Rep. Watson, Diane E. [D-CA-33] Diane Watson D CA E. 33 2005-02-15 True W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2005-02-15 True M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 2005-02-15 True E000179 Rep. Engel, Eliot L. [D-NY-17] ELIOT ENGEL D NY L. 17 2005-02-15 True M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2005-02-15 True W000792 Rep. Weiner, Anthony D. [D-NY-9] ANTHONY WEINER D NY D. 9 2005-02-15 True G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2005-02-15 True J000283 Rep. Jackson, Jesse L., Jr. [D-IL-2] JESSE JACKSON D IL L. 2 2005-02-15 True C000984 Rep. Cummings, Elijah E. [D-MD-7] ELIJAH CUMMINGS D MD E. 7 2005-02-15 True K000336 Rep. Kucinich, Dennis J. [D-OH-10] DENNIS KUCINICH D OH J. 10 2005-03-01 False F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2005-03-02 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2005-03-17 False F000030 Rep. Farr, Sam [D-CA-17] SAM FARR D CA 17 2005-04-05 False K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2005-04-05 False L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2005-05-11 False V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 2005-05-12 False E000215 Rep. Eshoo, Anna G. [D-CA-14] ANNA ESHOO D CA G. 14 2005-05-26 False S000810 Rep. Stark, Fortney Pete [D-CA-13] PETE STARK D CA 13 2005-06-13 False E000250 Rep. Evans, Lane [D-IL-17] LANE EVANS D IL 17 2005-06-20 False L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2005-09-07 False L000397 Rep. Lofgren, Zoe [D-CA-16] ZOE LOFGREN D CA 16 2005-09-21 False W000215 Rep. Waxman, Henry A. [D-CA-30] HENRY WAXMAN D CA A. 30 2006-02-01 False O000159 Rep. Owens, Major R. [D-NY-11] MAJOR OWENS D NY R. 11 2006-02-08 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2006-02-08 False B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2006-02-08 False H001034 Rep. Honda, Michael M. [D-CA-15] MICHAEL HONDA D CA M. 15 2006-12-05 False Finance and Financial Sector Administrative procedure Automated clearing houses Automated teller machines Bank accounts Bank deposits Checks Commerce Consumer protection Economics and Public Finance Federal Reserve System Federal preemption Fees Financial statements Government Operations and Politics Government paperwork Indexing (Economic policy) Law State laws User charges Finance and Financial Sector 00 2005-02-15 Introduced in House 2005-03-07T21:10:50Z Consumer Checking Account Fairness Act - Amends the Expedited Funds Availability Act to direct the Board of Governors of the Federal Reserve System to prescribe regulations to: (1) reduce the expedited funds availability time periods to take into account the time within which any receiving institution can reasonably expect to learn of the nonpayment of most items for each category of checks under the Checking Clearing for the 21st Century Act (Check 21 Act) or its implementing regulations; and (2) eliminate distinctions between the time period schedules if the Board finds that they no longer have any significance for any category of checks under such Act or regulations.

Extends the next business day availability requirement to funds deposited at a proprietary ATM.

Sets a limit upon certain overdraft fees imposed during a check hold period.

Requires a depository institution to credit all deposits to a consumer checking account before debiting any check drawn on the account and presented for payment.

Requires that Saturday be treated as a business day in the calculation of any period within which funds deposited in an account are required to be made available if the depository institution debits accounts on Saturdays for checks received.

Reduces from four business days to two business days the mandatory check hold period on funds deposited by nonlocal checks.

Prohibits a depository institution from imposing a fee for paying any check drawn on an account which lacks sufficient funds (bounce protection) unless the accountholder has requested check protection service.

Amends the Check 21 Act to provide that if a bank that holds the account of a consumer imposes any fee for producing a copy of a substitute check, the expedited recredit process shall be available for all charges initiated by check against the account regardless of whether a substitute check was involved or provided to the consumer.

]]> Consumer Checking Account Fairness Act Short Titles as Introduced Consumer Checking Account Fairness Act Display Title Consumer Checking Account Fairness Act Official Title as Introduced To amend the Expedited Funds Availability Act to redress imbalances between the faster withdrawals permitted under the Check 21 Act and the slower rates for crediting deposits, and for other purposes. Introduced in House 2005-02-15T05:00:00Z 2005-04-04 Referred to the Subcommittee on Financial Institutions and Consumer Credit. 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.