I 
112TH CONGRESS 
1ST SESSION H. R. 1660 
To amend the Expedited Funds Availability Act, to adjust dollar limits on 
check hold policies, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 15, 2011 
Ms. TSONGAS (for herself, Ms. SPEIER, and Ms. WILSON of Florida) intro-
duced the following bill; which was referred to the Committee on Finan-
cial Services 
A BILL 
To amend the Expedited Funds Availability Act, to adjust 
dollar limits on check hold policies, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Faster Access and 
Shorter Transaction Time for Checks Act of 2011’’ or the 
‘‘FASTT Checks Act’’. 
SEC. 2. ADJUSTMENT OF DOLLAR AMOUNTS. 
(a) SECTION 603 ADJUSTMENTS.—Section 603 of 
the Expedited Funds Availability Act (12 U.S.C. 4002) 
is amended— 
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(1) in subsection (b)(3)(B), by striking ‘‘$400’’ 
each place that term appears and inserting ‘‘$800’’; 
and 
(2) in subsection (c)(1)(B)(iii), in the clause 
heading, by striking ‘‘$100’’ and inserting ‘‘$200’’. 
(b) SECTION 604 ADJUSTMENTS.—Section 604 of 
the Expedited Funds Availability Act (12 U.S.C. 4003) 
is amended— 
(1) in subsection (a)(3)— 
(A) in the paragraph heading, by striking 
‘‘$5,000’’ and inserting ‘‘$10,000’’; and 
(B) by striking ‘‘$5,000’’ each place that 
term appears and inserting ‘‘$10,000’’; and 
(2) in subsection (b)(1), striking ‘‘$5,000’’ and 
inserting ‘‘$10,000’’. 
SEC. 3. ELIMINATION OF LARGE DEPOSIT EXCEPTION FOR 
LARGE DEPOSITARY BANKS. 
Section 604(b) of the Expedited Funds Availability 
Act (12 U.S.C. 4003(b)) is amended— 
(1) by redesignating paragraphs (1), (2), and 
(3) as subparagraphs (A), (B), and (C), respectively, 
and moving the left margin of each such subpara-
graph (as so redesignated) 2 ems to the right; 
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(2) by striking ‘‘REPEATED OVERDRAFTS.— 
The Board’’ and inserting ‘‘REPEATED
OVER-
DRAFTS.— 
‘‘(1) IN GENERAL.—The Board’’; and 
(3) by adding at the end the following new 
paragraph: 
‘‘(2) EXCEPTION
FOR
LARGE
DEPOSITARY 
BANKS.—Subparagraph (A) of paragraph (1) shall 
not apply, and the Board may not establish any ex-
ception under such subparagraph, with respect to 
any check that— 
‘‘(A) has been truncated and cleared in ac-
cordance with the Check Clearing for the 21st 
Century Act; and 
‘‘(B) is received for payment or deposit at 
a depositary bank (as defined in section 3(3)(B) 
of such Act) which has total assets of 
$10,000,000,000 or more.’’. 
SEC. 4. TREATMENT OF SATURDAY AS A BUSINESS DAY. 
(a) DEFINITION.—Section 602(3) of the Expedited 
Funds Availability Act (12 U.S.C. 4001(3)) is amended 
by inserting before the period at the end the following: 
‘‘, except that Saturday shall be treated as a business day 
in the calculation of any period within which funds depos-
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ited in an account at a receiving depository institution are 
required to be made available under this title’’. 
(b) CONFORMING AMENDMENT.—Section 607(a) of 
the Expedited Funds Availability Act (12 U.S.C. 4006(a)) 
is amended by striking ‘‘Saturday,’’. 
Æ 
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