Q: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
SECTION 1. SHORT TITLE.

This Act may be cited as the ''ATM Fee Disclosure Act of 1996''.

SEC. 2. ELECTRONIC FUND TRANSFER FEES.

(a) Disclosures Required.--The Electronic Fund Transfer Act (15
U.S.C. 1693 et seq.) is amended--
(1) by redesignating sections 918, 919, 920, and 921 as
sections 919, 920, 921, and 922, respectively; and
(2) by inserting after section 917 the following new
section:

''SEC. 918. FEES.

''(a) Disclosure of Point-of-Sale and Cash Withdrawal Fees.--In the
case of any electronic fund transfer which is initiated by a consumer
through the use of an electronic terminal, including a telephone
operated by the consumer, no fee may be imposed by any person in
connection with such transaction unless a notice is provided to the
consumer, in accordance with subsection (b), which clearly states the
following:
''(1) A fee will be imposed in connection with the
transaction.
''(2) The amount of any such fee.
''(3) The consumer may cancel the transaction without
paying the fee.
''(4) If the consumer does not elect to continue in the
manner necessary to effect the transaction after receiving this
notice, the transaction will be canceled without the imposition
of a fee by any person, including any person described in
subparagraph (B), (C), or (D) of subsection (d)(1) who would
have been involved in the transaction had the transaction been
completed.
''(b) Time and Location of Notice.--The notice required under
subsection (a) shall appear on the screen of the electronic terminal or
on a paper notice issued from the machine or, in the case of an
electronic fund transfer by a telephonic instrument, as a voice message
clearly audible to the consumer after the transaction is initiated and
before the consumer is irrevocably committed to completing the
transaction.
''(c) Prohibition on Fees Not Properly Disclosed or Explicitly
Assumed by Consumer.--No fee may be imposed by any person in connection
with any electronic fund transfer initiated by a consumer for which a
notice is required under subsection (a), unless--
''(1) the consumer receives such notice in accordance with
subsection (b); and
''(2) the consumer elects to complete the transaction, or
otherwise responds in the manner necessary to effect the
transaction, after receiving such notice.
''(d) Scope of Notice and Prohibition.--
''(1) In general.--The requirement of notice of fees under
subsection (a) and the prohibition on the imposition of fees
under subsection (c) shall apply with respect to any fee which
is or would be imposed in connection with any electronic fund
transfer to which such subsections apply by--
''(A) the person operating or owning the electronic
terminal or telephonic instrument at which the
transaction is initiated by the consumer (other than a
telephone operated by the consumer);
''(B) the financial institution holding the account
of the consumer;
''(C) any national, regional, or local network
utilized to effect the transaction; and
''(D) any other party involved in the electronic
fund transfer.
''(2) Transactions initiated by telephone.--In the case of
an electronic fund transfer initiated by a consumer through the
use of a telephone operated by the consumer, the electronic
terminal or telephonic instrument to which the consumer
connects through the use of such telephone shall be treated as
the electronic terminal or telephonic instrument at which the
electronic fund transfer is initiated for purposes of this
section.
''(e) Documentation.--Written documentation of the amount of any
fee imposed by any person in connection with any electronic fund
transfer for which notice is required under this subsection, and the
identity of any such person, shall be provided directly to the consumer
upon completion of such transfer.
''(f) Balance Inquiries.--For purposes of this section, the term
'electronic fund transfer' includes a transaction which involves a
balance inquiry initiated by a consumer in the same manner as an
electronic fund transfer, whether or not the consumer initiates a
transfer of funds in the course of the transaction.''.
(b) Conforming Amendment.--Section 906(a) of the Electronic Fund
Transfer Act (15 U.S.C. 1693d(a)) is amended--
(1) by striking ''and'' at the end of paragraph (4);
(2) by striking the period at the end of paragraph (5) and
inserting ''; and''; and
(3) by adding at the end the following new paragraph:
''(6) The amount and type of any fee imposed in connection
with the transfer, including any fee information required to be
disclosed pursuant to section 918(e).''.
A:
ATM Fee Disclosure Act of 1996 - Amends the Electronic Fund Transfer Act to prohibit imposition of a fee upon an electronic fund transfer initiated by a consumer from an electronic terminal (including a telephone) unless explicit disclosures are provided regarding the amount of any transaction fee and the consumer's option to cancel the transaction without paying the fee.
Mandates written documentation upon completion of the transfer of such fee amount and the identity of the person imposing it.
Includes within such electronic fund transfers, for purposes of this Act, a balance inquiry initiated by a consumer in the same manner as an electronic fund transfer regardless of whether the consumer initiates a transfer of funds in the course of the transaction.