3.0.0 3566 2022-02-08T23:15:56Z 2022-02-08T23:15:56Z Senate S 2020-03-22 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2020-03-23T00:12:27Z Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020 116 6576 HR 2020-04-21 Referred to the House Committee on Financial Services. Related bill CRS 2020-03-22 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2020-03-22 Introduced in Senate IntroReferral 10000 9 Library of Congress B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ N B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2020-03-22 True Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Consumer credit Disaster relief and insurance Finance and Financial Sector 00 2020-03-22 Introduced in Senate 2020-04-27T21:20:16Z Stop Overdraft Profiteering during COVID-19 Emergency Act of 2020

This bill suspends, during a major disaster or emergency declaration and for 120 days after the end of the incident period, certain penalties applicable to consumer transaction accounts. During such a period, depository institutions are prohibited from

  • charging checking-account penalties (i.e., non-sufficient fund fees and overdraft coverage fees), or 
  • reporting a consumer's overdraft use to a credit reporting agency.
]]> Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020 Display Title Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020 Short Title(s) as Introduced Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020 Introduced in Senate IS Official Title as Introduced A bill to prohibit depository institutions from assessing overdraft and non-sufficient fund fees during the novel coronavirus crisis and other disasters, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-03-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3566is/xml/BILLS-116s3566is.xml 2020-03-22 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.