3.0.0 5692 2023-01-11T13:39:35Z 2023-01-11T13:39:35Z House HR 2018-05-07 115 [Congressional Record Volume 164, Number 73 (Monday, May 7, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Miss GONZALEZ-COLON of Puerto Rico:H.R. 5692.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clauses 1, 3, and 18 of the U.S.Constitution, which provide as follows:The Congress shall have Power To lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence and general Welfare of the United States;but all Duties, Imposts and Excises shall be uniformthroughout the United States; [. . .]To regulate Commerce with foreign Nations, and among theseveral States, and with the Indian Tribes; [. . .]--AndTo make all laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof.[Page H3782]]]> hsba00 Financial Services Committee House Standing Referred to 2018-05-07T16:01:20Z 2018-05-07 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2018-05-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-05-07 Introduced in House IntroReferral 1000 9 Library of Congress G000582 Resident Commissioner González-Colón, Jenniffer [R-PR-At Large] Jenniffer Gonzalez-Colon R PR N Finance and Financial Sector Bank accounts, deposits, capital Interest, dividends, interest rates Lawyers and legal services Legal fees and court costs Finance and Financial Sector 00 2018-05-07 Introduced in House 2019-04-19T21:12:08Z Promoting Access to Justice through Unclaimed Deposits Act of 2018

This bill requires financial institutions to deposit unclaimed funds into an interest- or dividend-bearing account. The interest or dividend generated from such a deposit must be transferred to an appropriate state account that also holds the interest generated from lawyer trust accounts.

]]> Promoting Access to Justice through Unclaimed Deposits Act of 2018 Display Title Promoting Access to Justice through Unclaimed Deposits Act of 2018 Official Title as Introduced To require financial institutions to deposit the principal amount of any unclaimed deposit held by such institutions into interest or dividend-bearing accounts, and for other purposes. Introduced in House IH Short Titles as Introduced Promoting Access to Justice through Unclaimed Deposits Act of 2018 Introduced in House 2018-05-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr5692ih/xml/BILLS-115hr5692ih.xml 2018-05-07 Referred to the House Committee on Financial Services. 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.