To amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and Guam.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jun 8, 1995
Amends the Expedited Funds Availability Act to redefine the term "receiving depository institution" to mean a branch of a depository institution or the proprietary ATM located in the United States in which a check is first deposited. Amends the Act to include Guam and American Samoa within the meaning of "State" and "United States." Extends by two additional business days the current requirement that certain funds be available for withdrawal not later than one business day after receipt for deposit, if the deposit was made: (1) in an account at a depository institution located in Guam or American Samoa; and (2) by a check drawn on a originating depository institution which is not located in the same State as the receiving depository institution.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Feb 6, 2024. Consult Congress.gov for the current record.
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