To amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and Guam.

Summary

Amends the Expedited Funds Availability Act to redefine the term "receiving depository institution" to mean a branch of a depository institution or the proprietary ATM located in the United States in which a check is first deposited. Amends the Act to include Guam and American Samoa within the meaning of "State" and "United States." Extends by two additional business days the current requirement that certain funds be available for withdrawal not later than one business day after receipt for deposit, if the deposit was made: (1) in an account at a depository institution located in Guam or American Samoa; and (2) by a check drawn on a originating depository institution which is not located in the same State as the receiving depository institution.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 June 1995

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• Introduced in House (PDF)

  Introduced in House · EN · 8 June 1995

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• Introduced in House

  summary · EN · 8 June 1995

  Open at official source

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