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

Bill: 115-hr-385
Sponsor: full_name: Del. Radewagen, Aumua Amata Coleman [R-AS-At Large]
Introduced: 2017-01-09
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: 2017-01-09
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2017-01-09
action_desc: Introduced in House
text: <p>This bill amends the Expedited Funds Availability Act to apply the Act, which governs&nbsp;bank deposit holds,&nbsp;to American Samoa and the Commonwealth of the Northern Mariana Islands. </p> <p>The Act's one-day extension for certain deposits in noncontiguous states or territories&nbsp;shall apply&nbsp;to both American Samoa and the Commonwealth of the Northern Mariana Islands.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 385 IN THE HOUSE OF REPRESENTATIVES January 9, 2017 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 The amendments made by this Act shall take effect as if enacted on January 1, 2017.