,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ciea  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bd1 #bjai,ms4  
,pressley 7= h]self & ,mr4 ,g>ca (      
,ill9ois7 introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,f9ancial    
,s]vices  ,a ,,bill  ,to am5d ! ,exp$it$
 ,funds ,availability ,act to require t 
funds deposit$ be available = )drawal 9 
real "t & to require ! ,bo>d ( ,gov]nors
 ( ! ,f$]al ,res]ve ,sy/em to create a  
real "t paym5t sy/em1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,paym5ts ,mod]nization ,act ( #bjai4  
#b4 ,requirem5t t funds deposit$ be     
available = )drawal 9 real "t  7a7      
,exp$it$ funds availability s*$ules     
,section #fjc ( ! ,exp$it$ ,funds       
,availability ,act 7#ab ,u4,s4,c4 #djjb7
 is am5d$--  7#a7 9 subsection 7a7--    
7,a7 9 p>agraph 7#a7--  7i7 by /rik+    
,except z provid$ 9 subsection 7e7 & 9  
section #fjd1 9 & ins]t+ ,92 &  7ii7 9 !
 matt] foll[+ subp>agraph 7,b7 by /rik+ 
n lat] ?an ! bus9ess day aft] ! bus9ess 

day on :i* & ins]t+ 9 real "t :52  7,b7 
9 p>agraph 7#b7 by /rik+ n lat] ?an !   
bus9ess day aft] ! bus9ess day on :i* & 
ins]t+ 9 real "t aft]2 &  7,c7 9 !      
subsection head+ by /rik+ ,next ,bus9ess
 ,day & ins]t+ ,real ,"t2  7#b7 by /rik+
 subsection 7b7 & ins]t+ ! foll[+3  7b7 
,p]man5t ,s*$ule ,funds deposit$ 9 an   
acc\nt at a depository in/itution by a  
*eck drawn on a local or nonlocal       
orig9at+ depository in/itution %all be  
available = )drawal 9 real "t4  2  7#c7 
by /rik+ subsection 7c72  7#d7 by /rik+ 
subsection 7d72  7#e7 by r$esignat+     
subsections 7e7 & 7f7 z subsections 7c7 
& 7d71 respectively2  7#f7 9 subsection 
7c71 z r$esignat$ by p>agraph 7#e7--    
7,a7 9 p>agraph 7#a77;,a7-- 7i7 by /rik+
 ,n m ?an #d bus9ess days %all int]v5e  
betwe5 ! bus9ess day a & ins]t+ ,a2     
7ii7 by ins]t+ a comma aft] subp>agraph 
7,b72  7iii7 by /rik+ is2 &  7iv7 by    
/rik+ & ! bus9ess day on :i* funds f su*
 deposit are available = )drawal &      
ins]t+ %all be available = )drawal 9    

real "t2 &  7,b7 9 p>agraph 7#b7--  7i7 
by /rik+ 1 7b71 & 7c7 & ins]t+ & 7b72 & 
7ii7 9 ! p>agraph head+ by /rik+        
,tempor>y & p]man5t s*$ules & ins]t+    
,p]man5t ,s*$ule2 &  7#g7 9 subsection  
7d71 z r$esignat$ by p>agraph 7#e71 by  
/rik+ 7c71 or 7e7 & ins]t+ or 7c74  7b7 
,safegu>d exceptions ,section #fjd ( !  
,exp$it$ ,funds ,availability ,act 7#ab 
,u4,s4,c4 #djjc7 is am5d$--  7#a7 9     
subsection 7a7-- 7,a7 9 p>agraph 7#a7-- 
7i7 9 ! matt] foll[+ subp>agraph 7,d7 by
 /rik+ on ! bus9ess day aft] ! bus9ess  
day on :i* su* ca% or funds are deposit$
 or1 9 ! case ( a wire transf]1 on !    
bus9ess day aft] ! bus9ess day on :i* & 
ins]t+ 9 real "t aft] su* ca% or funds  
are deposit$ or1 9 ! case ( a wire      
transf]1 9 real "t aft]2 &  7ii7 9 !    
p>agraph head+ by /rik+ ,next ,bus9ess  
,day & ins]t+ ,real ,"t2  7,b7 9        
p>agraph 7#b7--  7i7 by /rik+ 1         
#fjc7;c712 &  7ii7 by /rik+ #fjc7;e7 &  
ins]t+ #fjc7;c72 &  7,c7 by /rik+       
p>agraph 7#c77;,b7 & ins]t+ ! foll[+3   

7,b7 any su* funds deposit$ 9 excess (  
su* am\nt %all be available = )drawal 9 
real "t4  2  7#b7 9 subsection 7b7 by   
/rik+ 7c71 or 7e7 & ins]t+ or 7c72  7#c7
 9 subsection 7c77#a7 by /rik+ 7c71 &   
7e7 & ins]t+ & 7c72 &  7#d7 9 subsection
 7d7 by /rik+ 7c71 & 7e7 & ins]t+ & 7c74
  7c7 ,miscellane\s provisions ,section 
#fjg ( ! ,exp$it$ ,funds ,availability  
,act 7#ab ,u4,s4,c4 #djjf7 is am5d$--   
7#a7 by /rik+ subsections 7a7 & 7b72 &  
7#b7 by r$esignat+ subsections 7c7 ?r\gh
 7f7 z subsections 7a7 ?r\gh 7d71       
respectively4  7d7 ,regulations &       
reports by ,bo>d ,section #fji ( !      
,exp$it$ ,funds ,availability ,act 7#ab 
,u4,s4,c4 #djjh7 is am5d$-- 7#a7 by     
/rik+ subsections 7d7 & 7f72 &  7#b7 by 
r$esignat+ subsection 7e7 z subsection  
7d74  #c4 ,real "t paym5t sy/em  7a7 ,9 
g5]al ,! ,bo>d ( ,gov]nors ( ! ,f$]al   
,res]ve ,sy/em %all create a real "t    
paym5t sy/em t--  7#a7 at a m9imum1     
con=ms ) ! pr9ciples outl9$ 9 ! f9al    
report ( ! ,fa/] ,paym5ts ,task ,=ce ( !

 ,f$]al ,res]ve ,sy/em2  7#b7 all[s end 
us]s h fa/ access to funds1 9 spe$s     
approa*+ real "t2  7#c7 op]ates z a     
utility1 all[+ end us]s to rea* any o!r 
end us]1 includ+ unbank$1 und]s]v$1 &   
cross-bord] end us]s1 reg>dless ( !     
solution us$ by ! end us]2  7#d7        
prioritizes safety & s\ndness1 consum]  
heal?1 effici5cy1 & o!r relevant public 
int]e/ consid]ations2  7#e7 provides end
 us]s ) ! confid5ce & tru/ 9 ! safety & 
security ( ! sy/em by ensur+ t--  7,a7  
fraud & errors are m9imiz$ & resolv$    
quickly2 &  7,b7 ! assets1 acc\nts1 &   
in=mation ( ! end us] are protect$1 ev5 
z paym5ts cross diff]5t solutions2  7#f7
 has transp>5t op]at+ in=mation2 &  7#g7
 ensures t !re are no volume disc\nts   
made t disadvantage small] f9ancial     
in/itutions4  7b7 ,real "t paym5t sy/em 
def9$ ,9 ?is section1 ! t]m real "t     
paym5t sy/em means a paym5t-by-paym5t   
int]bank settlem5t sy/em t facilitates  
settlem5ts 9 real "t & at any "t1 on any
 day1 includ+ week5ds & holidays4