[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1800 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 1800

     To amend the Expedited Funds Availability Act to clarify the 
          application of that Act to American Samoa and Guam.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              June 8, 1995

    Mr. Faleomavaega (for himself and Mr. Underwood) introduced the 
  following bill; which was referred to the Committee on Banking and 
                           Financial Services

_______________________________________________________________________

                                 A BILL


 
     To amend the Expedited Funds Availability Act to clarify the 
          application of that Act to American Samoa and Guam.
    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That the Expedited 
Funds Availability Act (12 U.S.C. 4001 et seq.) is amended--
            (1) in section 602(20) (12 U.S.C. 4001(20)) by inserting 
        ``, located in the United States,'' after ``ATM'';
            (2) in section 602(21) (12 U.S.C. 4001(21)) by inserting 
        ``Guam, American Samoa,'' after ``Puerto Rico,'';
            (3) in section 602(23) (12 U.S.C. 4001(23)) by inserting 
        ``Guam, American Samoa,'' after ``Puerto Rico,''; and
            (4) by adding at the end of section 603(d) (12 U.S.C. 
        4002(d)) the following new paragraph:
            ``(3) Extension for certain deposits in guam and american 
        samoa.--Notwithstanding any other provision of law, any time 
        period established under subsection (b), (c), or (e) shall be 
        extended by 2 business days in the case of any deposit which is 
        both--
                    ``(A) deposited in an account at a depository 
                institution which is located in Guam or American Samoa; 
                and
                    ``(B) deposited by a check drawn on an originating 
                depository institution which is not located in the same 
                State as the receiving depository institution.''.
                                 <all>