US HB6306 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 19 2020 - 25% progression, died in committee
Action: 2020-03-19 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 19 2020 - 25% progression, died in committee
Action: 2020-03-19 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Immediate Funds Availability Act of 2020
Sponsors
Rep. French Hill [R-AR] | Rep. Bill Foster [D-IL] |
History
Date | Chamber | Action |
---|---|---|
2020-03-19 | House | Referred to the House Committee on Financial Services. |
2020-03-19 | House | Introduced in House |
Subjects
Bank accounts, deposits, capital
Banking and financial institutions regulation
Emergency medical services and trauma care
Federal Reserve System
Finance and financial sector
State and local government operations
Banking and financial institutions regulation
Emergency medical services and trauma care
Federal Reserve System
Finance and financial sector
State and local government operations
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/6306/all-info |
Text | https://www.congress.gov/116/bills/hr6306/BILLS-116hr6306ih.pdf |