A bill to require that funds which are deposited in an account at a depository institution by a check drawn on the Treasury of the United States shall be available for withdrawal on the next business day after the business day on which such check is deposited, under certain circumstances.
Expedited United States Treasury Check Clearing Act - Requires funds deposited in an account at a depository institution by a check drawn on the Treasury to be available for withdrawal on the next business day if: (1) the check is endorsed only by the person to whom it was issued; and (2) the check is deposited into such person's account at the branch where the account was established.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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