Bill116th CongressFiled Apr 21, 2020Finance and Financial Sector
H.R. 6576
Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Apr 21, 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 happenedApr 21, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Cicilline, David N. [D-RI-1](D-RI)Sponsor
13 cosponsors13 D
13cosponsors1committees3actions1related bills4subjects
- Introduced in HouseApr 21, 2020
- Apr 21, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Apr 21, 2020IntroReferralIntro-H
Introduced in House
- Apr 21, 2020IntroReferral1000
Introduced in House