Protecting Consumers From Payment Scams Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 9303 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 9303 To amend the Electronic Fund Transfer Act to treat fraudulently induced electronic fund transfers in the same manner as unauthorized electronic fund transfers, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES August 2, 2024 Ms. Waters introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Electronic Fund Transfer Act to treat fraudulently induced electronic fund transfers in the same manner as unauthorized electronic fund transfers, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Protecting Consumers From Payment Scams Act''. SEC. 2. TREATMENT OF FRAUDULENTLY INDUCED ELECTRONIC FUND TRANSFERS. (a) Definitions.--Section 903 of the Electronic Fund Transfer Act (15 U.S.C. 1693a)…