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S. 1903 113th Congress Senate

Prepaid Card Disclosure Act of 2014

Official title: A bill to provide greater fee disclosures for consumers who have prepaid cards, and for other purposes.

Introduced: January 9, 2014 Introduced by: Mark R. Warner Democratic · Virginia See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationConsumer Financial Protection Bureau
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Consumer creditUser charges and fees
This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 9, 2014
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 9, 2014
Introduced in Senate
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 Latest action January 9, 2014

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Prepaid Card Disclosure Act of 2014 - Amends the Electronic Fund Transfer Act to extend its coverage to spending accounts (transaction accounts) established by a consumer (or on a consumer's behalf) at an insured depository institution or credit union: (1) to which recurring electronic fund transfers may be made, at the consumer's direction; or (2) from which payments may be made, at the consumer's direction, through the use of a card, code, or device (commonly referred to as prepaid cards). Treats as a spending account any similar transaction account operated or managed by a financial institution, or any other person, whose funds: (1) are pooled with the funds of a person other than the one who established the account, or (2) are held in a name other than that of the person who established the account.

Excludes from the meaning of spending account: (1) any nonreloadable general-use prepaid card in an amount under $250; (2) any general-use prepaid card solely associated with a certain kind of health plan, a qualified transportation fringe, a health savings account or any other health care benefit account; (3) a gift certificate; (4) a store gift card; (5) an electronic promise, plastic card, or payment code, or device; (6) a nonreloadable card labeled as a gift card and marketed solely as such; (7) a nonreloadable loyalty, rebate, or promotional card; or (8) a debit card or general-use prepaid card that has been provided to a person pursuant to a federal, state or local government-administered payment program, in which the person may only use the card to transfer or debit funds, monetary value, or other assets that have been provided pursuant to that program.

Authorizes the Consumer Financial Protection Bureau (CFPB) to require the placement of a QR code, barcode, or other similar technology on any packaging, card, or other object associated with a spending account, provided that the technology is capable of providing an electronic link to certain required disclosures to the consumer.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1903: Prepaid Card Disclosure Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-S-1903/
MLA
"S. 1903: Prepaid Card Disclosure Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-1903/.
Bluebook (legal)
S. 1903, 113th Cong. (2026), https://openamerica.io/bill/113-S-1903/.
Markdown link
[S. 1903: Prepaid Card Disclosure Act of 2014](https://openamerica.io/bill/113-S-1903/)
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