To amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa.
Amends the Expedited Funds Availability Act to apply it to American Samoa and the Commonwealth of the Northern Mariana Islands.
Extends by two business days, for American Samoa and the Commonwealth, any time periods established for large or redeposited check, repeated overdraft, reasonable cause, or other emergency exceptions to the 30-day funds availability requirements for deposits in an depository institution account by a new depositor.
Extends by one business day any deposit which is both deposited: (1) in an account at a depository institution located in American Samoa or the Commonwealth, and (2) by a check drawn on an originating depository institution which is not located in the same commonwealth or territory as the receiving depository institution.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E522-523)
Referred to the House Committee on Financial Services.
Mr. Huizenga (MI) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H5138-5139)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1679.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5138)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5138)
The title of the measure was amended. Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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