A bill to limit the number of days a depository institution may restrict the availability of funds which are deposited by check or any other similar instrument.

referredUnited States· United States Congress· EN

Introduced

26 March 1985

Last action

—

Status

Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

Summary

Entitles an individual to withdraw funds deposited into such individual's account at a depository institution: (1) after one business day if such deposit was a check or similar instrument issued by the Federal Government or any State or local government; and (2) after four business days if such deposit was a check or similar instrument issued by anyone else.

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Documents

1 official file

Introduced in House
summary · EN · 26 March 1985
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/99th-congress/house-bill/1724
Open data entity: https://api.congress.gov/v3/bill/99/hr/1724