To amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and the Northern Mariana Islands.

Bill: 114-hr-1367
Sponsor: full_name: Del. Radewagen, Aumua Amata Coleman [R-AS-At Large]
Introduced: 2015-03-16
Policy area: Finance and Financial Sector
Subjects: American Samoa

Bank accounts, deposits, capital

Northern Mariana Islands

U.S. territories and protectorates
Latest action: action_date: 2015-04-14
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2015-03-16
action_desc: Introduced in House
text: <p>Amends the Expedited Funds Availability Act to apply it to American Samoa and the Commonwealth of the Northern Mariana Islands. </p> <p>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. </p> <p>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. </p>

action_date: 2015-04-13
action_desc: Passed House without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p>(Sec. 1) Amends the Expedited Funds Availability Act to apply it to American Samoa and the Commonwealth of the Northern Mariana Islands. </p> <p>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. </p> <p>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. </p>

tv_txt: I 114th CONGRESS 1st Session H. R. 1367 IN THE HOUSE OF REPRESENTATIVES March 16, 2015 Mrs. Radewagen (for herself and Mr. Sablan ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and the Northern Mariana Islands.

1. Application of the Expedited Funds Availability Act (a) In general The Expedited Funds Availability Act ( 12 U.S.C. 4001 et seq. ) is amended— (1) in section 602(20) ( 12 U.S.C. 4001(20) ) by inserting , located in the United States, after ATM ; (2) in section 602(21) ( 12 U.S.C. 4001(21) ) by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico, ; (3) in section 602(23) ( 12 U.S.C. 4001(23) ) by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico, ; and (4) in section 603(d)(2)(A) ( 12 U.S.C. 4002(d)(2)(A) ), by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico, . (b) Effective date This Act shall take effect on January 1, 2016.

tv_txt: I 114th CONGRESS 1st Session H. R. 1367 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and the Northern Mariana Islands.

1. Application of the Expedited Funds Availability Act (a) In general The Expedited Funds Availability Act ( 12 U.S.C. 4001 et seq. ) is amended— (1) in section 602(20) ( 12 U.S.C. 4001(20) ) by inserting , located in the United States, after ATM ; (2) in section 602(21) ( 12 U.S.C. 4001(21) ) by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico, ; (3) in section 602(23) ( 12 U.S.C. 4001(23) ) by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico, ; and (4) in section 603(d)(2)(A) ( 12 U.S.C. 4002(d)(2)(A) ), by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico, . (b) Effective date This Act shall take effect on January 1, 2016.

Passed the House of Representatives April 13, 2015. Karen L. Haas, Clerk.

tv_txt: IIB 114th CONGRESS 1st Session H. R. 1367 IN THE SENATE OF THE UNITED STATES April 14, 2015 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and the Northern Mariana Islands.

1. Application of the Expedited Funds Availability Act (a) In general The Expedited Funds Availability Act ( 12 U.S.C. 4001 et seq. ) is amended— (1) in section 602(20) ( 12 U.S.C. 4001(20) ) by inserting , located in the United States, after ATM ; (2) in section 602(21) ( 12 U.S.C. 4001(21) ) by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico, ; (3) in section 602(23) ( 12 U.S.C. 4001(23) ) by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico, ; and (4) in section 603(d)(2)(A) ( 12 U.S.C. 4002(d)(2)(A) ), by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico, . (b) Effective date This Act shall take effect on January 1, 2016.

Passed the House of Representatives April 13, 2015. Karen L. Haas, Clerk

tv_txt: IB Union Calendar No. 42 114th CONGRESS 1st Session H. R. 1367 [Report No. 114–61] IN THE HOUSE OF REPRESENTATIVES March 16, 2015 Mrs. Radewagen (for herself and Mr. Sablan ) introduced the following bill; which was referred to the Committee on Financial Services April 13, 2015 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and the Northern Mariana Islands.

1. Application of the Expedited Funds Availability Act (a) In general The Expedited Funds Availability Act ( 12 U.S.C. 4001 et seq. ) is amended— (1) in section 602(20) ( 12 U.S.C. 4001(20) ) by inserting , located in the United States, after ATM ; (2) in section 602(21) ( 12 U.S.C. 4001(21) ) by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico, ; (3) in section 602(23) ( 12 U.S.C. 4001(23) ) by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico, ; and (4) in section 603(d)(2)(A) ( 12 U.S.C. 4002(d)(2)(A) ), by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico, . (b) Effective date This Act shall take effect on January 1, 2016.

April 13, 2015 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed