109 HR 2643 IH: Innocent Check Depositor Protection Act U.S. House of Representatives 2005-05-25 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.

I 109th CONGRESS 1st Session H. R. 2643 IN THE HOUSE OF REPRESENTATIVES May 25, 2005 Mr. Weiner (for himself, Mr. Ackerman, Mr. Berman, Mr. Blumenauer, Mr. Brady of Pennsylvania, Mr. Conyers, Mr. Cummings, Mr. DeFazio, Ms. DeLauro, Mr. Engel, Mr. Evans, Mr. Grijalva, Mr. Hastings of Florida, Mr. Hinchey, Ms. Jackson-Lee of Texas, Mrs. Jones of Ohio, Ms. Kilpatrick of Michigan, Mr. Kucinich, Ms. Lee, Mrs. Maloney, Mr. McDermott, Mr. George Miller of California, Mr. Neal of Massachusetts, Mr. Owens, Mr. Payne, Mr. Sanders, Ms. Schakowsky, Mr. Stark, Ms. Wasserman Schultz, Ms. Watson, Mr. Waxman, and Mr. Wynn) introduced the following bill; which was referred to the Committee on Financial Services A BILL To protect innocent parties from certain fees imposed by depository institutions for dishonored checks, and for other purposes.

1.

Short title

This Act may be cited as the Innocent Check Depositor Protection Act.

2.

Certain check dishonorment fees prohibited

(a)

In general

Section 607 of the Expedited Funds Availability Act (12 U.S.C. 4006) (relating to miscellaneous provisions) is amended by adding at the end the following new subsection: (f)

Fees on dishonored checks

(1)

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 on the depositor, in connection with such check, due to such dishonorment. (2)

Rule of construction

No provision of this section shall be construed as affecting any intervening depository institution or the costs of the services provided by such depository institution.. (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.