[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3221 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3221

To amend the Electronic Fund Transfer Act to prohibit the imposition of 
certain additional fees on consumers in connection with any electronic 
  fund transfer which is initiated by the consumer from an electronic 
  terminal operated by a person other than the financial institution 
    holding the consumer's account and which utilizes a national or 
                    regional communication network.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 29, 1996

 Mr. Sanders introduced the following bill; which was referred to the 
              Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend the Electronic Fund Transfer Act to prohibit the imposition of 
certain additional fees on consumers in connection with any electronic 
  fund transfer which is initiated by the consumer from an electronic 
  terminal operated by a person other than the financial institution 
    holding the consumer's account and which utilizes a national or 
                    regional communication network.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Electronic Fund Transfer Fees Act of 
1996''.

SEC. 2. PROHIBITION ON CERTAIN FEES.

    The Electronic Fund Transfer Act (15 U.S.C. 1693 et seq.) is 
amended--
            (1) by redesignating sections 918, 919, 920, and 921 as 
        sections 919, 920, 921, and 922, respectively; and
            (2) by inserting after section 917 the following new 
        section:

``SEC. 918. FEES.

    ``In the case of any electronic fund transfer which--
            ``(1) is initiated by a consumer from an electronic 
        terminal operated by a person other than the financial 
        institution holding the account of the consumer; and
            ``(2) utilizes a national or regional communication network 
        to effect the transaction between such person and the financial 
        institution holding the account of the consumer,
no fee may be imposed on the consumer with respect to such transaction 
by the person operating the electronic terminal at which the transfer 
is initiated.''.
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