Social Security Check Protection Act - Amends the Electronic Fund Transfer Act to prohibit a financial institution from imposing withdrawal fees upon benefits under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act that are deposited electronically directly into the consumer's account and subsequently withdrawn from an electronic terminal.
Prohibits imposition of or increase in any other fee with respect to such an account unless the fee is also imposed at the same rate on other similar accounts which do not receive OASDI benefits deposits.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services.
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