US HB6576 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 14-0)
Status: Introduced on April 21 2020 - 25% progression, died in committee
Action: 2020-04-21 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 21 2020 - 25% progression, died in committee
Action: 2020-04-21 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020
Sponsors
| Rep. David Cicilline [D-RI] | Rep. Carolyn Maloney [D-NY] | Rep. Bennie Thompson [D-MS] | Rep. Pramila Jayapal [D-WA] |
| Rep. Janice Schakowsky [D-IL] | Rep. James McGovern [D-MA] | Rep. Bonnie Coleman [D-NJ] | Rep. James Langevin [D-RI] |
| Rep. Eleanor Norton [D-DC] | Rep. Jamie Raskin [D-MD] | Rep. Mary Gay Scanlon [D-PA] | Rep. Nydia Velazquez [D-NY] |
| Rep. Mike Levin [D-CA] | Rep. Bobby Rush [D-IL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-04-21 | House | Referred to the House Committee on Financial Services. |
| 2020-04-21 | House | Introduced in House |
Same As/Similar To
SB3566 (Related) 2020-03-22 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Bank accounts, deposits, capital
Banking and financial institutions regulation
Consumer credit
Disaster relief and insurance
Finance and financial sector
Banking and financial institutions regulation
Consumer credit
Disaster relief and insurance
Finance and financial sector
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/6576/all-info |
| Text | https://www.congress.gov/116/bills/hr6576/BILLS-116hr6576ih.pdf |
