Library / Laws / 113th / hr / H.R. 1679 / Introduced in House
I
113th CONGRESS
1st Session
H. R. 1679
IN THE HOUSE OF REPRESENTATIVES
April 23, 2013
Mr. Faleomavaega
introduced the following bill; which was referred to the
Committee on Financial
Services
A BILL
To amend the Expedited Funds Availability Act to clarify
the application of that Act to American Samoa.
1.
Application of the Expedited
Funds Availability Act
The
Expedited Funds Availability Act (12 U.S.C. 4001 et seq.) is amended—
(1) in section 602(20)
(12 U.S.C. 4001(20)) by inserting , located in the United
States, after ATM;
(2) in section 602(21)
(12 U.S.C. 4001(21)) by inserting American Samoa, after
Puerto Rico,;
(3) in section 602(23)
(12 U.S.C. 4001(23)) by inserting American Samoa, after
Puerto Rico,; and
(4) by adding at the
end of section 603(d) (12 U.S.C. 4002(d)) the following new paragraph:
(3)
Extension for
certain deposits in American Samoa
Notwithstanding any other
provision of law, any time period established under subsection (b), (c), or (e)
shall be extended by 2 business days in the case of any deposit which is
both—
(A) deposited in an
account at a depository institution which is located in American Samoa;
and
(B) deposited by a
check drawn on an originating depository institution which is not located in
the same State as the receiving depository
institution.
.