0
0

Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020

2/8/2022, 11:15 PM

Congressional Summary of S 3566

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.

Read the Full Bill

Formatted TextPDFFormatted XML

Current Status of Bill S 3566

Bill S 3566 is currently in the status of Bill Introduced since March 22, 2020. Bill S 3566 was introduced during Congress 116 and was introduced to the Senate on March 22, 2020.  Bill S 3566's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 22, 2020

Bipartisan Support of Bill S 3566

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3566

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Consumer credit
- Disaster relief and insurance

Alternate Title(s) of Bill S 3566

Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020
Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020
A bill to prohibit depository institutions from assessing overdraft and non-sufficient fund fees during the novel coronavirus crisis and other disasters, and for other purposes.

Comments

Sponsors and Cosponsors of S 3566

Cory A. Booker
Cory A. Booker
New JerseyDemocrat
Sherrod Brown
Sherrod Brown
OhioDemocrat

Latest Bills

Reorganizing Government Act of 2025
Bill HR 1295February 14, 2026
ELO Realignment and Strategic Engagement Reform Act of 2026
Bill HR 7574February 14, 2026
Farm, Food, and National Security Act of 2026
Bill HR 7567February 14, 2026
Expressing the condolences of the House of Representatives and honoring the memory of the victims of the mass shooting in Aurora, Illinois, on February 15, 2019.
Bill HRES 1066February 14, 2026
Condemning and censuring President Donald Trump.
Bill HRES 1065February 14, 2026
To amend the Internal Revenue Code of 1986 to exclude automobiles from being treated as collectibles for purposes of capital gains tax, and for other purposes.
Bill HR 7582February 14, 2026
To allow Americans to earn paid sick time so that they can address their own health needs and the health needs of their families.
Bill HR 7531February 14, 2026
To address the needs of workers in industries likely to be impacted by rapidly evolving technologies.
Bill HR 7585February 14, 2026
To amend the Food, Conservation, and Energy Act of 2008 with respect to the Gus Schumacher Nutrition Incentive Program and the sustainability of such program, and for other purposes.
Bill HR 7571February 14, 2026
Supporting the goals and ideals of "Career and Technical Education Month".
Bill HRES 1063February 14, 2026