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HR 1448 103th Congress House Finance and Financial Sector Checks Congressional investigations Congressional reporting requirements Crime and Law Enforcement Debit cards Federal aid programs Fees Fines (Penalties) Fraud Government publications Licenses Postal service

Check Cashing Act of 1993

Introduced: March 24, 1993 Introduced by: Fields, Cleo Democratic · Louisiana See on congress.gov
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 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 29, 1993
Subcommittee Hearings Held.
Apr 30, 1993
Referred to the Subcommittee on Consumer Credit and Insurance.
Apr 21, 1993
Sponsor introductory remarks on measure. (CR H1961-1962)
Mar 26, 1993
Referred to the Subcommittee on Human Resources and Intergovernmental Relations.
Mar 24, 1993
Referred to the House Committee on Government Operations.
Mar 24, 1993
Referred to the House Committee on Banking, Finance + Urban Affrs.
Mar 24, 1993
Introduced in House
 Plain-English summary Congressional Research Service

Check Cashing Act of 1933 - Sets forth licensing requirements for businesses that engage in issuing, redeeming, or cashing checks, travellers' checks, money orders, or similar instruments, or that transmit money. Confers licensing authority over such businesses upon the Federal Trade Commission (the Commission). Subjects violators of this Act to a civil penalty.

Sets a maximum fee limitation which such businesses may charge for their services.

Prohibits a depository institution from refusing to cash government checks where the presenter is the payee and provides sufficient identification. Mandates that checks drawn by Federal agencies be mailed only to specified addresses.

Requires the Comptroller General to study and report to the Congress on the effects of requiring the use of a debit card system for making Federal benefit payments.

What's happening now June 29, 1993

Subcommittee Hearings Held.

 Committees of jurisdiction 4
 Cosponsors 4
All 4 Democratic 4