A bill to specifically exclude certain programs from provisions of the Electronic Funds Transfer Act.

Amends the Electronic Fund Transfer Act to prohibit the Board of Governors of the Federal Reserve System from applying to electronic benefit transfers established under a State or local governmental entitlement program certain disclosures, protections, responsibilities, and remedies (including, in effect, the liability limits currently applicable to private sector ATM and consumer credit cards), unless the payment under such program is made directly into a consumer's account held by the recipient.

Exempts from such prohibition employment related payments established by Federal, State, or local governments.