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S. 3566 116th Congress Senate

Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020

Official title: A bill to prohibit depository institutions from assessing overdraft and non-sufficient fund fees during the novel coronavirus crisis and other disasters, and for other purposes.

Introduced: March 22, 2020 Introduced by: Cory A. Booker Democratic · New Jersey See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBanking and financial institutions regulationConsumer creditDisaster relief and insurance
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Mar 22, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 22, 2020
Introduced in Senate
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 Latest action March 22, 2020

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

 Plain-English summary Congressional Research Service

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.
 Related & companion bills 1
  • HR 6576 Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3566: Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-3566/
MLA
"S. 3566: Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-3566/.
Bluebook (legal)
S. 3566, 116th Cong. (2026), https://openamerica.io/bill/116-S-3566/.
Markdown link
[S. 3566: Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020](https://openamerica.io/bill/116-S-3566/)
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