Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 4277 (117th)

Overdraft Protection Act of 2021

reportedUnited States· United States Congress· EN

Introduced

30 June 2021

Last action

27 July 2022 · Committee

Status

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22.

Sponsors

Rep. Maloney, Carolyn B. [D-NY-12], Rep. Carson, André [D-IN-7], Rep. Cicilline, David N. [D-RI-1], Rep. Cohen, Steve [D-TN-9], Rep. Davis, Danny K. [D-IL-7], Rep. Foster, Bill [D-IL-11], Rep. García, Jesús G. "Chuy" [D-IL-4], Rep. Garcia, Sylvia R. [D-TX-29], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Hayes, Jahana [D-CT-5], Rep. Khanna, Ro [D-CA-17], Rep. Lawson, Al, Jr. [D-FL-5], Rep. Lynch, Stephen F. [D-MA-8], Rep. McGovern, James P. [D-MA-2], Rep. Moore, Gwen [D-WI-4], Marie Newman, Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Payne, Donald M., Jr. [D-NJ-10], Rep. Raskin, Jamie [D-MD-8], Rep. Rice, Kathleen M. [D-NY-4], Rep. Rush, Bobby L. [D-IL-1], Michael San Nicolas, Rep. Schakowsky, Janice D. [D-IL-9], Rep. Sherman, Brad [D-CA-32], Rep. Sires, Albio [D-NJ-13], Rep. Suozzi, Thomas R. [D-NY-3], Rep. Takano, Mark [D-CA-39], Rep. Tlaib, Rashida [D-MI-12], Rep. Torres, Ritchie [D-NY-15], Rep. Trone, David J. [D-MD-6], Rep. Velázquez, Nydia M. [D-NY-7], Rep. Espaillat, Adriano [D-NY-13], Rep. Blumenauer, Earl [D-OR-3], Rep. Ocasio-Cortez, Alexandria [D-NY-14], Rep. Napolitano, Grace F. [D-CA-32], Rep. DeFazio, Peter A. [D-OR-4], Rep. Neguse, Joe [D-CO-2], Sen. Welch, Peter [D-VT], Rep. Bonamici, Suzanne [D-OR-1], Rep. Tonko, Paul [D-NY-20], Rep. Casten, Sean [D-IL-6], Rep. Watson Coleman, Bonnie [D-NJ-12], Rep. Omar, Ilhan [D-MN-5], Rep. Lee, Barbara [D-CA-12], Rep. Jones, Mondaire [D-NY-17], Rep. Meeks, Gregory W. [D-NY-5], Rep. Green, Al [D-TX-9], Rep. Brown, Shontel M. [D-OH-11]

Subjects

Discovery layer

Source updated

15 May 2025

Official sourceDownload fileView documentsShare

Summary

Overdraft Protection Act of 2021 This bill prohibits a financial institution from engaging in unfair or deceptive acts in connection with overdraft coverage. Each financial institution that offers overdraft coverage for accounts must disclose overdraft coverage fees. It must also disclose that the consumer's transaction may be declined if there are insufficient funds in the related account, and the consumer will not be charged a fee if such transaction is declined. A financial institution must provide certain other disclosures regarding its overdraft protection program, including prompt notification of the account's overdraft status. The bill limits the number of overdraft fees a consumer may be charged each month and year, and provides that such fees must be reasonable. The bill prohibits an overdraft coverage fee if the overdraft results solely from a debit hold amount that exceeds the actual dollar amount of the transaction. The bill also prohibits a financial institution from charging a non-sufficient fund fee for any automated teller machine or debit card transaction, or reporting negative information regarding consumer use of overdraft coverage to any consumer reporting agency when the overdraft amounts and coverage fees are paid under the terms of an overdraft coverage program.

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

Timeline

  1. 30 June 2021

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 30 June 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 30 June 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 27 July 2022

    Vote

    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22.

    Source: Committee

  5. 27 July 2022

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

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.

  • Introduced in House (text)

    Introduced in House · EN · 30 June 2021

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 30 June 2021

    ViewDownloadOpen 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.

  • Introduced in House

    summary · EN · 30 June 2021

    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

Showing 48 of 68 sponsors and actors.

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.