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Immediate Funds Availability Act of 2020
2/8/2022, 11:17 PM
Congressional Summary of HR 6306
Immediate Funds Availability Act of 2020
This bill temporarily requires depository institutions located in a state with a public health emergency to immediately make available for withdrawal certain deposited funds. Specifically, the first $1,500 of a deposit must be made available in real time. This requirement expires three years after enactment.
Read the Full Bill
Current Status of Bill HR 6306
Bill HR 6306 is currently in the status of Bill Introduced since March 19, 2020. Bill HR 6306 was introduced during Congress 116 and was introduced to the House on March 19, 2020. Bill HR 6306's most recent activity was Referred to the House Committee on Financial Services. as of March 19, 2020
Bipartisan Support of Bill HR 6306
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 6306
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Emergency medical services and trauma care
- Federal Reserve System
- State and local government operations
Alternate Title(s) of Bill HR 6306
Immediate Funds Availability Act of 2020
To amend the Expedited Funds Availability Act to temporarily require that certain funds deposited with depository institutions by existing customers be available for withdrawal in real time in States with a public health emergency, and for other purposes.
Immediate Funds Availability Act of 2020
Comments
Sponsors and Cosponsors of HR 6306
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