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United States · Bill · S

S. 3566 (116th)

Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020

referredUnited States· United States Congress· EN

Introduced

22 March 2020

Last action

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Subjects

Discovery layer

Source updated

5 December 2025

Summary

Stop Overdraft Profiteering during COVID-19 Emergency Act of 2020 This bill suspends, during a major disaster or emergency declaration and for 120 days after the end of the incident period, certain penalties applicable to consumer transaction accounts. During such a period, depository institutions are prohibited from charging checking-account penalties (i.e., non-sufficient fund fees and overdraft coverage fees), or  reporting a consumer's overdraft use to a credit reporting agency.

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Documents

3 official files

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