,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #icca  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #ah1 #bjbf,mrs4 
,kim introduc$ ! foll[+ bill2 :i* 0     
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d ! ,exp$it$
 ,funds ,availability ,act to provide   
exceptions 9 ! case ( fraudul5t *ecks or
 wire transf]s1 & = o!r purposes4  #a4  
,%ort title  ,?is ,act may be cit$ z !  
,/r5g!n+ ,transaction ,ov]sight &       
,prev5t+ ,paym5ts ,fraud ,act ( #bjbf or
 ! ,,/op ,paym5ts ,fraud ,act ( #bjbf4  
#b4 ,p>ity ( availability = c]ta9 *ecks 
,! ,exp$it$ ,funds ,availability ,act   
7#ab ,u4,s4,c4 #djja et seq47 is am5d$--
 7a7 9 section #fjc 7#ab ,u4,s4,c4      
#djjb7--  7#a7 9 subsection 7a77#b7--   
7,a7 by /rik+ subp>agraphs 7,a7 & 7,f72 
7,b7 by r$esignat+ subp>agraphs 7,b7    
?r\gh 7,e7 z subp>agraphs 7,a7 ?r\gh    
7,d71 respectively2 &  7,c7 9           
subp>agraph 7,c71 z s r$esignat$1 by    
add+ & at ! end2 &  7#b7 9 subsection   
7d71 by /rik+ p>agraph 7#a7 & ! head+ to

 p>agraph 7#b72 &  7b7 9 section        
#fjd7;a77#a77;,d71 by /rik+ subp>agraph 
7,a71 7,b71 or 7,c7 & ins]t+ subp>agraph
 7,a7 or 7,b74  #c4 ,exception to funds 
availability requirem5ts 9 ! case (     
fraud ,section #fjd7;c7 ( ! ,exp$it$    
,funds ,availability ,act 7#ab ,u4,s4,c4
 #djjc7;c77 is am5d$-- 7#a7 9 p>agraph  
7#a71 9 ! head+ ( ! p>agraph1 by /rik+  
,9 g5]al & ins]t+ ,collectability2  7#b7
 by r$esignat+ p>agraphs 7#b7 ?r\gh 7#d7
 z p>agraphs 7#c7 ?r\gh 7#e71           
respectively2  7#c7 by ins]t+ aft]      
p>agraph 7#a7 ! foll[+3  7#b7 ,fraud    
7,a7 ,regulations ,9 accordance )       
regulations :i* ! ,bo>d1 jo9tly ) !     
,director ( ! ,bureau ( ,consum]        
,f9ancial ,protection1 %all prescribe1  
subsections 7a77#b71 7b71 7c71 & 7e7 (  
section #fjc %all n apply ) respect to  
any *eck deposit$ 9 an acc\nt at a      
depository in/itution if ! receiv+      
depository in/itution has reasonable    
suspicion to believe t ! *eck is false1 
unau?oriz$1 or o!rwise involves fraud4  

,= purposes ( ! prec$+ s5t5ce1          
reasonable suspicion to believe t a *eck
 is false1 unau?oriz$1 or o!rwise       
involves fraud requires ! exi/5ce (     
indicators t w\ld lead a reasonable     
p]son to suspect t ! *eck involves      
fraud4 ,su* reasons %all be includ$ 9 ! 
notice requir$ "u subsection 7f74  7,b7 
,rule ( application ,a receiv+          
depository in/itution t has reasonable  
suspicion to believe t a *eck is false1 
unau?oriz$1 or o!rwise involves fraud1 z
 describ$ 9 subp>agraph 7,a71 may also h
 reasonable cause to believe t su* *eck 
is uncollectible f ! orig9at+ depository
 in/itution1 z describ$ 9 p>agraph 7#a74
  2 &  7#d7 9 p>agraph 7#d71 z s        
r$esignat$1 by /rik+ p>agraph 7#a7 &    
ins]t+ p>agraph 7#a7 or 7#b74  #d4      
,exception to funds availability        
requirem5ts 9 ! case ( new acc\nts &    
fraudul5t wire transf]s ,section #fjd ( 
! ,exp$it$ ,funds ,availability ,act    
7#ab ,u4,s4,c4 #djjc7 is am5d$ by add+  
at ! end ! foll[+3  7g7 ,application (  

c]ta9 exceptions 9 circum/ances ) great]
 fraud risk ,) respect to an acc\nt     
e/abli%$ at a depository in/itution1 &  
)\t reg>d to :e!r ! acc\nt 0 e/abli%$ by
 a new depositor1 ^u ! occurr5ce (      
circum/ances id5tifi$ by rule by !      
,bo>d1 jo9tly ) ! ,director ( ! ,bureau 
( ,consum] ,f9ancial ,protection1 z     
associat$ ) great] fraud risk1 !        
provisions ( p>agraphs 7#a7 ?r\gh 7#c7 (
 subsection 7a7 %all apply ) respect to 
any deposit 9 su* acc\nt = a p]iod ( "t 
det]m9$ by rule by ! ,bo>d1 jo9tly ) !  
,director ( ! ,bureau ( ,consum]        
,f9ancial ,protection1 b n to exce$ #fj 
days = ea* su* occurr5ce4  7h7          
,reasonable suspicion exception = wire  
transf]s  7#a7 ,9 g5]al ,9 accordance ) 
regulations :i* ! ,bo>d1 jo9tly ) !     
,director ( ! ,bureau ( ,consum]        
,f9ancial ,protection1 %all prescribe1  
section #fjc7;a77#a77;,b7 %all n apply )
 respect to funds receiv$ by a          
depository in/itution by wire transf] if
 ! receiv+ depository in/itution has    

reasonable suspicion to believe t ! wire
 transf] is false1 unau?oriz$1 or       
o!rwise involves fraud4 ,= purposes ( ! 
prec$+ s5t5ce1 reasonable suspicion to  
believe t a wire transf] is false1      
unau?oriz$1 or o!rwise involves fraud   
requires ! exi/5ce ( indicators t w\ld  
lead a reasonable p]son to suspect t !  
wire transf] involves fraud4 ,su*       
reasons %all be includ$ 9 ! notice      
requir$ "u subsection 7f74  7#b7 ,basis 
= det]m9ation ,no det]m9ation "u ?is    
subsection may be bas$ on any class (   
wire transf]s or p]sons4  7#c7 ,ov]draft
 fees ,if ! receiv+ depository          
in/itution det]m9es t a wire transf] =  
cr$it to an acc\nt is a wire transf]    
describ$ 9 p>agraph 7#a71 ! receiv+     
depository in/itution %all n assess any 
fee = any subsequ5t ov]draft ) respect  
to su* acc\nt1 if--  7,a7 ! depositor 0 
n provid$ ) ! writt5 notice requir$ "u  
subsection 7f7 7) respect to su*        
det]m9ation7 at ! "t ! wire transf] 0   
delay$ = cr$it2 &  7,b7 ! ov]draft w\ld 

n h occurr$ b = ! fact t ! funds s      
transf]r$ are n available4  7#d7        
,compliance ,ea* ag5cy ref]r$ to 9      
section #faj7;a7 %all monitor compliance
 ) ! requirem5ts ( ?is subsection 9 ea* 
regul> exam9ation ( a depository        
in/itution4 ,= ! purpose ( ?is p>agraph1
 ea* depository in/itution %all reta9 a 
record ( ea* notice provid$ "u          
subsection 7f7 z a result ( !           
application ( ?is subsection4  7i7 ,rule
 ( con/ruction ,no?+ 9 ?is ,act may be  
con/ru$ to re/rict or prohibit a        
depository in/itution involv$ ) a       
deposit by *eck or wire transf] f       
communicat+ to any o!r depository       
in/itution also involv$ ) ! deposit t a 
depository in/itution has invok$ an     
exception "u ?is section to "s or all ( 
! requirem5ts ( section #fjc ) respect  
to ! deposit4  4