HR 3727 104th Congress House Finance and Financial Sector Automated teller machines Commerce Congress Congressional investigations Congressional reporting requirements Consumer education Debit cards Electronic funds transfers Fees Science, Technology, Communications User charges

ATM Fee Reform Act of 1996

Introduced: June 26, 1996 See on congress.gov

Everywhere this bill has been 5 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 30, 1996

Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.

Jul 30, 1996

Subcommittee Consideration and Mark-up Session Held.

Jul 12, 1996

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Jun 26, 1996

Referred to the House Committee on Banking and Financial Services.

Jun 26, 1996

Introduced in House

Plain-English summary Congressional Research Service

ATM Fee Reform Act of 1996 - Amends the Electronic Fund Transfer Act to mandate fee disclosures at the time of service by any host electronic terminal operator which imposes a fee for providing host transfer services to a consumer.

Requires each agency responsible for compliance enforcement under the Act to report annually to the Congress on compliance and on regional and national trends in fees imposed by host ATM operators.

Mandates the disclosure to consumers whenever an electronic means of accessing the consumer's account is issued of possible fees for initiating electronic fund transfers.

Requires the Comptroller General to study the feasibility of prohibiting the imposition of an electronic fund transfer fee unless notice has been provided before the consumer is irrevocably committed to completing the transaction.

What's happening now July 30, 1996

Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.

Committees of jurisdiction 2