Dual-Use Debit Cardholder Protection Act of 1997
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Dual-Use Debit Cardholder Protection Act of 1997 - Amends the Electronic Fund Transfer Act to impose consumer liability for unauthorized electronic fund transfers only if the issuer has provided a unique identifier, such as a photograph (as under current law), retina scan, and other named devices with which the user can be identified as the authorized person. Eliminates a signature as such a unique identifier.
Cites circumstances under which a consumer shall be liable for an unauthorized electronic fund transfer not exceeding $50 if the transfer did not require the use of a unique identifier, such as a photograph, fingerprint, or retina scan.
Precludes consumer liability for unauthorized electronic fund transfers in the absence of a consumer's timely receipt of notice of liability for such transfers, and of the advisability of prompt reporting of any loss, theft, or unauthorized use.
Prohibits the issuance of dual-use debit cards to initiate an electronic fund transfer without the use of a unique identifier unless certain statutory requirements are met, and the issuer has provided a clear and conspicuous disclosure that the use of such card may not require the use of a unique identifier.
Read twice and referred to the Committee on Banking.
- Introduced in Senate Formatted Text PDF
Cite this page
U.S. Congress. (2026). S. 1154: Dual-Use Debit Cardholder Protection Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-S-1154/
"S. 1154: Dual-Use Debit Cardholder Protection Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-S-1154/.
S. 1154, 105th Cong. (2026), https://openamerica.io/bill/105-S-1154/.
[S. 1154: Dual-Use Debit Cardholder Protection Act of 1997](https://openamerica.io/bill/105-S-1154/)