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United States · Bill · HR

H.R. 13007 (95th)

Electronic Funds Transfer Act

openUnited States· United States Congress· EN

Introduced

7 June 1978

Last action

14 August 1978 · Calendars

Status

Placed on calendar in Senate.

Sponsors

Rep. Annunzio, Frank [D-IL-11], Rep. Wylie, Chalmers P. [R-OH-15], Rep. Moorhead, William S. [D-PA-14], Rep. St Germain, Fernand J. [D-RI-1], Rep. Minish, Joseph G. [D-NJ-11], Rep. Hanley, James M. [D-NY-32], Rep. Mitchell, Parren J. [D-MD-7], Rep. Allen, Clifford R. [D-TN-5], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Spellman, Gladys Noon [D-MD-5], Rep. Reuss, Henry S. [D-WI-5], Rep. D'Amours, Norman E. [D-NH-1], Rep. Pattison, Edward W. [D-NY-29], Rep. Vento, Bruce F. [D-MN-4], Rep. Patterson, Jerry M. [D-CA-38], Rep. Cavanaugh, John J. [D-NE-2], Rep. Stanton, J. William [R-OH-11], Rep. Hyde, Henry J. [R-IL-6], Rep. Kelly, Richard [R-FL-5], Rep. Fenwick, Millicent H. [R-NJ-5], Rep. Steers, Newton I., Jr. [R-MD-8], Rep. Evans, Thomas B., Jr. [R-DE-At Large], Rep. Hollenbeck, Harold C. [R-NJ-9], Rep. Green, S. William [R-NY-15], Rep. McKinney, Stewart B. [R-CT-4]

Subjects

Discovery layer

Source updated

2 September 2025

Official sourceView documentsShare

Summary

Electronic Fund Transfer Act - Requires the issuers of debit instruments designed to make payments and effect transfers through electronic terminals to do the following: (1) disclose a customer's rights and obligations when an account is opened and when there is a change of terms; (2) make available to the customer a written receipt of every transaction at electronic funds transfer terminals; and (3) furnish a monthly statement to each customer identifying all transactions. Provides a procedure for the correction of account errors. Excuses a customer of liability for unauthorized use of his debit instrument unless the debit instrument issuer can establish customer fraud or negligence. Sets forth liability for system malfunction. Provides civil liability for willful violation of this Act and criminal liability for fraudulent use of debit instruments. Makes bank regulatory agencies and the Federal Trade Commission responsible for administrative enforcement of the terms of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 7 June 1978

    Introduced

    Referred to House Committee on Banking, Finance and Urban Affairs.

    Source: IntroReferral

  2. 7 June 1978

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 7 June 1978

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 21 June 1978

    Reported

    Reported to House from the Committee on Banking, Finance and Urban Affairs, H. Rept. 95-1315.

    Source: Committee

  5. 21 June 1978

    Reported

    Reported to House from the Committee on Banking, Finance and Urban Affairs, H. Rept. 95-1315.

    Source: Committee

  6. 11 August 1978

    Vote

    Measure passed House, amended, roll call #690 (314-2).

    Source: Floor

  7. 11 August 1978

    Vote

    Passed/agreed to in House: Measure passed House, amended, roll call #690 (314-2).

    Source: Floor

  8. 11 August 1978

    Floor

    Measure called up by special rule in House.

    Source: Floor

  9. 14 August 1978

    Calendars

    Placed on calendar in Senate.

    Source: Calendars

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

Leesvertaling

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  • Passed House amended

    summary · EN · 11 August 1978

    Open at official source

  • Introduced in House

    summary · EN · 7 June 1978

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

Sources

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