H.R. 1367
Referred to CommitteeTo amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and the Northern Mariana Islands.
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
4/14/2015 • Senate
Summary
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
(Sec. 1) Amends the Expedited Funds Availability Act to apply it to American Samoa and the Commonwealth of the Northern Mariana Islands.
Extends by two business days, for American Samoa and the Commonwealth, any time periods established for large or redeposited check, repeated overdraft, reasonable cause, or other emergency exceptions to the 30-day funds availability requirements for deposits in an depository institution account by a new depositor.
Extends by one business day any deposit which is both deposited: (1) in an account at a depository institution located in American Samoa or the Commonwealth, and (2) by a check drawn on an originating depository institution which is not located in the same commonwealth or territory as the receiving depository institution.
Passed House without amendment • 4/13/2015
Topics & Subjects
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Sponsor & Cosponsors (2)
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Sponsor
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Bill Journey
Originated in the House
Introduced
March 16, 2015
Committee Review
March 25, 2015
Committee Consideration and Mark-up Session Held.
Floor Debate
April 13, 2015
Passed Chamber
April 13, 2015
Other Chamber
President
Enacted into Law