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HR 1497 117th Congress House Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Computers and information technology

To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.

Introduced: March 2, 2021 Introduced by: Foster, Bill Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 2021
Referred to the House Committee on Financial Services.
Mar 2, 2021
Introduced in House
 Plain-English summary Congressional Research Service

This bill requires a depository institution to make funds from a government check available immediately for withdrawal. Currently, these funds must be made available the next business day after deposit.

What's happening now March 2, 2021

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1