HR 5692 · 115th Congress · Finance and Financial Sector
Promoting Access to Justice through Unclaimed Deposits Act of 2018
Introduced 2018-05-07· Sponsored by Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]· House
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2018-05-07)
Plain Language Summary
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Promoting Access to Justice through Unclaimed Deposits Act of 2018 This bill requires financial institutions to deposit unclaimed funds into an interest- or dividend-bearing account. The interest or dividend generated from such a deposit must be transferred to an appropriate state account that also holds the interest generated from lawyer trust accounts.…
Summarized by Claude AI · Non-partisan · For informational purposes only