S 245 · 94th Congress · Finance and Financial Sector

Electronic Funds Transfer Moratorium Act

Introduced 1975-01-17· Sponsored by Sen. Proxmire, William [D-WI]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1975-01-17)

Plain Language Summary

[AI summary unavailable — showing source text] Electronic Funds Transfer Moratorium Act - Defines the terms used in this Act. Prohibits and makes unenforceable any contract entered into after December 19, 1974, by any financial institution, which involves electronic methods of fund transfers at places of business other than the premises of the financial institution. Provides that this Act shall expire December 1, 1976, or at such time as the Congress shall determine while it considers the report of the National Commission on Electronic Fund Transfers established by Public Law 93-495.…

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