Amendment99th Congress
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.
- 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