A bill to amend the Electronic Fund Transfer Act to treat municipalities and school districts as consumers for certain purposes under that Act.

Summary

Amends the Electronic Fund Transfer Act to include as an account, for purposes of determining consumer liability for unauthorized electronic fund transfers, an account of a municipality or a school district used for the purpose of carrying out the official duties of that municipality or school district. Requires the Board of Governors of the Federal Reserve System to issue final rules to define the terms "municipality" and "school district" for purposes of, and to otherwise carry out, this Act.

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Timeline

1. 29 September 2010

   Introduced

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

   Source: IntroReferral

2. 29 September 2010

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 29 September 2010 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 29 September 2010

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 29 September 2010

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 29 September 2010

  Open at official source

Sponsors

• Charles Schumer · D · Sponsor
• · ssbk00 · Standing

Related records

No cross-record relationships stored yet.