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H.R. 1448 103rd Congress House

Check Cashing Act of 1993

Official title: To establish a limit on the fee which certain persons may charge for cashing checks and other instruments, to require depository institutions to cash checks is… Show full official titleShow less

Official title: To establish a limit on the fee which certain persons may charge for cashing checks and other instruments, to require depository institutions to cash checks issued by the United States or a State, and to provide that checks drawn by the Federal Government may be mailed only to the personal residence or primary place of business of the payee, to a Federal post office box, or to a federally insured depository institution at which the payee holds an account.

Introduced: June 30, 1993 Introduced by: Cleo Fields Democratic · Louisiana See on congress.gov
Finance and Financial Sector ChecksCongressional investigationsCongressional reporting requirementsCrime and Law Enforcement
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Debit cardsFederal aid programsFeesFines (Penalties)FraudGovernment publicationsLicensesPostal service
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action June 29, 1993

Subcommittee Hearings Held.

 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 15
All 15 Democratic 4
D
Clyburn, James E.
South Carolina · Jun 30, 1993
GUTIERREZ, LUIS
· Jun 30, 1993
HASTINGS, ALCEE
· Jun 30, 1993
JEFFERSON, WILLIAM
· Jun 30, 1993
LEWIS, JOHN
· Jun 30, 1993
MCKINNEY, CYNTHIA
· Jun 30, 1993
 D
Mfume, Kweisi
Maryland · Jun 30, 1993
 D
Norton, Eleanor Holmes
District of Columbia · Jun 30, 1993
OWENS, MAJOR
· Jun 30, 1993
PAYNE, DONALD
· Jun 30, 1993
RANGEL, CHARLES
· Jun 30, 1993
RUSH, BOBBY
· Jun 30, 1993
 D
Thompson, Bennie G.
Mississippi · Jun 30, 1993
WATT, MELVIN
· Jun 30, 1993
WYNN, ALBERT
· Mar 24, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1448: Check Cashing Act of 1993. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-1448/
MLA
"H.R. 1448: Check Cashing Act of 1993." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-1448/.
Bluebook (legal)
H.R. 1448, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-1448/.
Markdown link
[H.R. 1448: Check Cashing Act of 1993](https://openamerica.io/bill/103-HR-1448/)
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