HR 2454 · 105th Congress · Finance and Financial Sector
Social Security Check Protection Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Banking and Financial Services.(1997-09-11)
Plain Language Summary
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Social Security Check Protection Act - Amends the Electronic Fund Transfer Act to prohibit a financial institution from imposing withdrawal fees upon benefits under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act that are deposited electronically directly into the consumer's account and subsequently withdrawn from an electronic terminal. Prohibits imposition of or increase in any other fee with respect to such an account unless the fee is also imposed at the same rate on other similar accounts which do not receive OASDI benefits deposits.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
14 Democrats5 Republicans1 Independent