HR 2454
105th Congress
House
Finance and Financial Sector
Bank accounts
Bank deposits
Electronic benefits transfers
Electronic funds transfers
Fees
Old age, survivors and disability insurance
Science, Technology, Communications
Social Welfare
Social Security Check Protection Act
Introduced: September 11, 1997
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 11, 1997
Referred to the House Committee on Banking and Financial Services.
Sep 11, 1997
Introduced in House
Plain-English summary
Social Security Check Protection Act - Amends the Electronic Fund Transfer Act to prohibit a financial institution from imposing withdrawal fees upon benefits under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act that are deposited electronically directly into the consumer's account and subsequently withdrawn from an electronic terminal.
Prohibits imposition of or increase in any other fee with respect to such an account unless the fee is also imposed at the same rate on other similar accounts which do not receive OASDI benefits deposits.
What's happening now
Referred to the House Committee on Banking and Financial Services.
Committees of jurisdiction
1