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HR 5414 107th Congress House Finance and Financial Sector Administrative procedure Automated clearing houses Bank records Checking accounts Checks Civil actions and liability Commerce Consumer complaints Consumer education Consumer protection Damages Electronic funds transfers Federal Reserve System Fees Fraud Government Operations and Politics Government paperwork Indemnity Interest

Check Clearing for the 21st Century Act

Introduced: September 19, 2002 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 25, 2002
Subcommittee Hearings Held.
Sep 23, 2002
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Sep 19, 2002
Referred to the House Committee on Financial Services.
Sep 19, 2002
Introduced in House
 Plain-English summary Congressional Research Service
Check Clearing for the 21st Century Act - Sets forth a statutory framework under which a substitute check is the legal equivalent of an original check for all purposes, if the substitute check: (1) accurately represents all of the information on the front and back of the original check as of the time the original check was truncated; and (2) bears the legend: "This is a legal copy of your check. You can use it the same way you would use the original check." Prescribes implementation guidelines, including: (1) indemnity procedures; (2) substitute check warranties; (3) expedited recredit claims for consumers and for banks; (4) procedures for claims; (5) measure of damages; (6) statute of limitations; and (7) consumer education materials.
What's happening now September 25, 2002

Subcommittee Hearings Held.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2