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HR 1660 112th Congress House

FASTT Checks Act

Official title: To amend the Expedited Funds Availability Act, to adjust dollar limits on check hold policies, and for other purposes.

Introduced: April 15, 2011 See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBanking and financial institutions regulationConsumer affairs
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 2, 2011
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 15, 2011
Referred to the House Committee on Financial Services.
Apr 15, 2011
Introduced in House
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 Latest action May 2, 2011

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service

Faster Access and Shorter Transaction Time for Checks Act of 2011 or FASTT Checks Act - Amends the Expedited Funds Availability Act to provide for faster access to funds deposited in a receiving depository institution by doubling the amounts available for withdrawal at specified earliest times after deposit.

Revises the next business day availability requirement for cash deposited in a new depositor account. Eliminates the exception from this rule (thus requiring next business day availability) for large deposits in large depository banks if a check: (1) has been truncated and cleared in accordance with the Check Clearing for the 21st Century Act, and (2) is received for payment or deposit at a depositary bank with total assets of $10 billion or more.

Treats Saturday as a business day in the calculation of any period within which funds deposited in an account at a receiving depository institution are required to be available.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Wilson, Frederica S.
Florida · Apr 15, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1660: FASTT Checks Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-1660/
MLA
"H.R. 1660: FASTT Checks Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-1660/.
Bluebook (legal)
H.R. 1660, 112th Cong. (2026), https://openamerica.io/bill/112-HR-1660/.
Markdown link
[H.R. 1660: FASTT Checks Act](https://openamerica.io/bill/112-HR-1660/)
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