[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2386 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 2386

     To amend the Expedited Funds Availability Act to prohibit the 
imposition of fees for any check returned due to insufficient funds for 
 payment, other than a fee imposed on the maker of the check, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 29, 1999

  Mr. Weiner 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 prohibit the 
imposition of fees for any check returned due to insufficient funds for 
 payment, other than a fee imposed on the maker of the check, and for 
                            other purposes.

    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 ``Fairness for Check Cashers Act''.

SEC. 2. CERTAIN RETURN CHECK FEES PROHIBITED.

    (a) In General.--Section 607 of the Expedited Funds Availability 
Act (12 U.S.C. 4006) is amended by adding at the end the following new 
subsection:
    ``(f) Fees on Returned Checks.--
            ``(1) Originating depository institution.--An originating 
        depository institution may not impose any fee in connection 
        with handling or returning any check drawn on an account at 
        such depository institution, or otherwise suspending payment or 
        delaying settlement for such check, due to the lack of 
        sufficient funds in such account to make the payment, other 
        than a fee imposed directly on such account with respect to 
        such check.
            ``(2) Receiving depository institution.--In the case of a 
        check drawn on an account at an originating institution which 
        is dishonored by the originating institution due to the lack of 
        sufficient funds in such account to pay the check, a receiving 
        depository institution may not impose any fee in connection 
        with handling such check, or any chargeback of any provisional 
        settlement of such check, due to such dishonorment.''.
    (b) Effective Date.--The amendment made by this section shall apply 
after the end of the 180-day period beginning on the date of the 
enactment of this Act.
                                 <all>