HR 6576
116th Congress
House
Finance and Financial Sector
Bank accounts, deposits, capital
Banking and financial institutions regulation
Consumer credit
Disaster relief and insurance
Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020
Introduced: April 21, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 21, 2020
Referred to the House Committee on Financial Services.
Apr 21, 2020
Introduced in House
Plain-English summary
Stop Overdraft Profiteering during COVID-19 Emergency Act of 2020
This bill suspends, during a major disaster or emergency declaration and for 120 days after the end of the incident period, certain penalties applicable to consumer transaction accounts. During such a period, depository institutions are prohibited from
- charging checking-account penalties (i.e., non-sufficient fund fees and overdraft coverage fees), or
- reporting a consumer's overdraft use to a credit reporting agency.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1