HR 1367 · 114th Congress · Finance and Financial Sector
To amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and the Northern Mariana Islands.
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2015-04-14)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 1367, a bill to amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and the Northern Mariana Islands
Apr 13, 2015As ordered reported by the House Committee on Financial Services on March 26, 2015
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office