[Congressional Record Volume 164, Number 43 (Monday, March 12, 2018)]
[Senate]
[Pages S1639-S1640]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2202. Mr. SANDERS submitted an amendment intended to be proposed 
to amendment SA 2151 proposed by Mr. McConnell (for Mr. Crapo (for 
himself, Mr. Donnelly, Ms. Heitkamp, Mr. Tester, and Mr. Warner)) to 
the bill S. 2155, to promote economic growth, provide tailored 
regulatory relief, and enhance consumer protections, and for other 
purposes; which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. FAIR ATM FEES.

       (a) Amendment to the Electronic Fund Transfer Act.--Section 
     904(d)(3) of the Electronic Fund Transfer Act (15 U.S.C. 
     1693b(d)(3)) is amended--

[[Page S1640]]

       (1) in subparagraph (A), by striking the subparagraph 
     heading and inserting the following:
       ``(A) Fee disclosure.--'';
       (2) by redesignating subparagraph (D) as subparagraph (E); 
     and
       (3) by inserting after subparagraph (C) the following:
       ``(D) Regulation of fees.--The regulations prescribed under 
     paragraph (1) shall require--
       ``(i) any fee charged by an automated teller machine 
     operator for a transaction conducted at that automated teller 
     machine to bear a reasonable relation to the cost of 
     processing the transaction, and in no case shall any such fee 
     exceed $2.00; and
       ``(ii) any fee charged by a financial institution for a 
     transaction conducted at an automated teller machine to bear 
     a reasonable relation to the cost of processing the 
     transaction by the financial institution, and in no case 
     shall any such fee exceed $2.00.''.
       (b) Effective Date.--The amendments made by this section 
     shall take effect on the date that is 60 days after the date 
     of enactment of this Act.
       (c) Rulemaking.--Not later than 60 days after the date of 
     enactment of this Act, the Bureau of Consumer Financial 
     Protection shall promulgate regulations to carry out this 
     section and the amendments made by this section.
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