Bill116th CongressFiled Mar 22, 2020Finance and Financial Sector
S. 3566
Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Mar 22, 2020)
Stop Overdraft Profiteering during COVID-19 Emergency Act of 2020
This bill suspends, during a major disaster or emergency declaration and for 120 days after the end of the incident period, certain penalties applicable to consumer transaction accounts. During such a period, depository institutions are prohibited from
- charging checking-account penalties (i.e., non-sufficient fund fees and overdraft coverage fees), or
- reporting a consumer's overdraft use to a credit reporting agency.
What just happenedMar 22, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Booker, Cory A. [D-NJ](D-NJ)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions1related bills4subjects
- Introduced in SenateMar 22, 2020
- Mar 22, 2020IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Mar 22, 2020IntroReferral10000
Introduced in Senate