An amendment to replace the Availability Schedules mandated in the bill with the requirement that all depository institutions disclose their hold periods to their customers. It directs the Federal Reserve to publish within 18 months after the bill's enactment a regulation to improve the check clearing system which would then go into effect within 36 months after enactment.

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Amendment Number
719
Description
An amendment to replace the Availability Schedules mandated in the bill with the requirement that all depository institutions disclose their hold periods to their customers. It directs the Federal Reserve to publish within 18 months after the bill's enactment a regulation to improve the check clearing system which would then go into effect within 36 months after enactment.
Congress
99
Type
HAMDT
Latest Action Date
Jan 23, 1986
Latest Action Text
Amendment Failed of Passage in Committee of Whole by Recorded Vote: 80 - 211 (Record Vote No: 7).
Submitted Date
Jan 23, 1986
Chamber
House of Representatives
Update Date
Jun 30, 2021
Amendment 719 — Informed