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H.R. 6306

Immediate Funds Availability Act of 2020

Immediate Funds Availability Act of 2020

This bill temporarily requires depository institutions located in a state with a public health emergency to immediately make available for withdrawal certain deposited funds. Specifically, the first $1,500 of a deposit must be made available in real time. This requirement expires three years after enactment.

Referred to the House Committee on Financial Services.

Rep. Hill, J. French [R-AR-2](R-AR)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions5subjects
  1. IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Immediate Funds Availability Act of 2020 — Informed