HR 1497 · 117th Congress · Finance and Financial Sector

To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.

Introduced 2021-03-02· Sponsored by Rep. Foster, Bill [D-IL-11]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2021-03-02)

Plain Language Summary

[AI summary unavailable — showing source text] This bill requires a depository institution to make funds from a government check available immediately for withdrawal. Currently, these funds must be made available the next business day after deposit.…

Summarized by Claude AI · Non-partisan · For informational purposes only