Touchless Transactions Act of 2020

Bill: 116-hr-6241
Sponsor: full_name: Rep. Hill, J. French [R-AR-2]
Introduced: 2020-03-12
Policy area: Finance and Financial Sector
Subjects: Bank accounts, deposits, capital

Banking and financial institutions regulation

Consumer credit
Latest action: action_date: 2020-03-12
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2020-03-12
action_desc: Introduced in House
text: <p><b>Touchless Transactions Act of 2020 </b></p> <p>This bill prohibits&nbsp;an issuer of an electronic fund transfer&nbsp;from requiring an individual's&nbsp;signature for a point-of-sale transfer that is initiated by a swipe, dip, or tap transaction. &nbsp;</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6241 IN THE HOUSE OF REPRESENTATIVES March 12, 2020 Mr. Hill of Arkansas (for himself and Mr. McHenry ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Electronic Fund Transfer Act to allow for touchless transactions, and for other purposes.

1. Short title This Act may be cited as the Touchless Transactions Act of 2020 . 2. Touchless transactions Section 921 of the Electronic Fund Transfer Act ( 15 U.S.C. 1693o–2 , relating to Reasonable fees and rules for payment card transactions ) is amended by adding at the end the following new section: (e) Touchless transactions (1) In general Any person who allows for a swipe, dip, or tap transaction to initiate an electronic fund transfer that is a point-of-sale transfer shall not be required to capture a signature of an individual. (2) Enforcement Notwithstanding any other provision of this title, the Federal Trade Commission shall be authorized to enforce the requirements of this subsection in the manner provided under section 918(c). .