H.R. 1497 — To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.

Summary

This bill requires a depository institution to make funds from a government check available immediately for withdrawal. Currently, these funds must be made available the next business day after deposit.

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Legislative Actions

2021-03-02
Introduced in House
2021-03-02
Introduced in House
2021-03-02
Referred to the House Committee on Financial Services.

To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.

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