,,ib ,union ,cal5d> ,no4 #fib #aai?     
,,congress  #b;d ,session  ,h4 ,r4 #icca
 ,report ,no4 #aai-gib ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,june #ah1        
#bjbf,mrs4 ,kim introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on        
,f9ancial ,s]vices  ,septemb] #a1       
#bjbf;,additional sponsors3 ,mr4 ,lawl]1
 ,mr4 ,vic5te ,gonzalez ( ,texas1 & ,ms4
 ,g>cia ( ,texas  ,septemb] #a1         
#bjbf,report$ ) an am5dm5t1 committ$ to 
! ,committee ( ! ,:ole ,h\se on ! ,/ate 
( ! ,union1 & ord]$ to be printed,strike
 out all aft] ! enact+ clause & ins]t ! 
"p pr9t$ 9 italic,for text ( introduc$  
bill1 see copy ( bill z introduc$ on    
,june #ah1 #bjbf  ,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  7a7 ,9 g5]al ,section   
#fjc ( ! ,exp$it$ ,funds ,availability  
,act 7#ab ,u4,s4,c4 #djjb7 is am5d$--   
7#a7 9 subsection 7d7-- 7,a7 by /rik+   
%all & ins]t+ may2 &  7,b7 by /rik+ to z
 %ort a "t z possible & equal2 &  7#b7  
by add+ at ! end ! foll[+3  7g7 ,p>ity (
 ,availability = ,c]ta9 ,*ecks ,dur+    
,times ( ,mat]ial ,fraud ,losses  7#a7  
,det]m9ation  7,a7 ,be=e ! date t is six
 mon?s f ! date ( enactm5t ( ! ,/r5g!n+ 
,transaction ,ov]sight & ,prev5t+       
,paym5ts ,fraud ,act ( #bjbf1 ! ,bo>d1  
jo9tly ) ! ,director ( ! ,bureau (      
,consum] ,f9ancial ,protection1 %all    
det]m9e1 ) respect to ea* class ( *ecks 
describ$ 9 p>agraph 7#e71 :e!r !        
provisions ( p>agraph 7#c7 %\ld apply to
 t class ( *ecks4  7,b7 ,aft] ! date t  
is six mon?s f ! date ( enactm5t ( !    
,/r5g!n+ ,transaction ,ov]sight &       
,prev5t+ ,paym5ts ,fraud ,act ( #bjbf1 !
 ,bo>d1 jo9tly ) ! ,director ( ! ,bureau
 ( ,consum] ,f9ancial ,protection1 may  
det]m9e1 ) respect to a class ( *ecks   

describ$ 9 p>agraph 7#e71 t ! provisions
 ( p>agraph 7#c7 %\ld apply to t class (
 *ecks4  7#b7 ,:5 mak+ a det]m9ation "u 
p>agraph 7#a71 ! ,bo>d & ! ,director ( !
 ,bureau ( ,consum] ,f9ancial           
,protection %all consid]-- 7,a7 :e!r !  
,treasury ( ! ,unit$ ,/ates or          
depository in/itutions1 z applicable1   
are exp]i5c+ mat]ial losses f fraud     
relat$ to t class ( *ecks2 &  7,b7 !    
impact t a det]m9ation "u p>agraph 7#a7 
w\ld h on p]sons s5d+ or receiv+ *ecks (
 su* class ( *ecks4  7#c7 ,if ! ,bo>d1  
jo9tly ) ! ,director ( ! ,bureau (      
,consum] ,f9ancial ,protection1 makes an
 affirmative det]m9ation ) respect to a 
class ( *ecks "u p>agraph 7#a71 !n--    
7,a7 not)/&+ subsection 7a71 funds      
deposit$ 9 an acc\nt at a depository    
in/itution by *ecks ( su* class %all be 
available to ! same ext5t z funds %all  
be available :5 deposit$ by *eck drawn  
on a local orig9at+ depository          
in/itution "u subsection 7b77#a72 &     
7,b7 ! ,bo>d1 jo9tly ) ! ,director ( !  

,bureau ( ,consum] ,f9ancial            
,protection1 no lat] ?an #fj days aft] !
 date ( ! det]m9ation1 %all submit a    
report to ! ,committee on ,bank+1 ,h\s+1
 & ,urban ,affairs ( ! ,s5ate & !       
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives expla9+ ! basis 
= su* affirmative det]m9ation4  7#d7 ,9 
respect ( ea* det]m9ation "u p>agraph   
7#a71 ! provisions ( p>agraph 7#c7 are  
effective = a "t to be det]m9$ by !     
,bo>d1 jo9tly ) ! ,director ( ! ,bureau 
( ,consum] ,f9ancial ,protection4 ,su*  
p]iod may be no long] ?an "o ye>4  7#e7 
,! classes ( *ecks describ$ 9 ?is       
p>agraph are ! foll[+3 7,a7 ,! class (  
*ecks describ$ 9 subsection             
7a77#b77;,a74  7,b7 ,! class ( *ecks    
describ$ 9 subsection 7a77#b77;,f74  4  
#c4 ,exception to funds availability    
requirem5ts 9 ! case ( fraud  7a7 ,9    
g5]al ,section #fjd7;c7 ( ! ,exp$it$    
,funds ,availability ,act 7#ab ,u4,s4,c4
 #djjc7;c77 is am5d$-- 7#a7 9 p>agraph  
7#a7-- 7,a7 9 ! head+ ( ! p>agraph1 by  

/rik+ ,9 g5]al & ins]t+ ,collectability2
 &  7,b7 by ins]t+ aft] subsections     
7a77#b71 7b71 7c71 & 7e7 ( section #fjc 
! foll[+3 & p>agraphs 7#a7 & 7#c7 (     
subsection 7a7 ( ?is section2  7#b7 by  
r$esignat+ p>agraphs 7#b7 ?r\gh 7#d7 z  
p>agraphs 7#c7 ?r\gh 7#e71 respectively2
  7#c7 by ins]t+ aft] p>agraph 7#a7 !   
foll[+3  7#b7 ,fraud  7,a7 ,regulations 
,9 accordance ) regulations :i* ! ,bo>d1
 jo9tly ) ! ,director ( ! ,bureau (     
,consum] ,f9ancial ,protection1 %all    
prescribe1 subsections 7a77#b71 7b71    
7c71 & 7e7 ( section #fjc & p>agraphs   
7#a7 & 7#c7 ( subsection 7a7 ( ?is      
section %all n apply ) respect to any   
*eck deposit$ 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 
,delay$ availability ,! regulations     
issu$ pursuant to ?is p>agraph %all     
prescribe an initial hold 7"t p]iod (   
delay$ funds availability71 n to exce$  
#aj days1 an ext5d$ hold 7"t p]iod (    
delay$ funds availability71 n to exce$  
#de days1 to all[ ! receiv+ depository  
in/itution to det]m9e if x has          
reasonable suspicion "u subp>agraph     
7,a74 ,! regulations may prescribe      
diff]5t initial & ext5d$ hold timel9es  
bas$ on ! doll> am\nt ( ! funds 9 "q &  
o!r relevant crit]ia4 ,! regulations may
 also include conditions a receiv+      
depository in/itution mu/ satisfy )     
respect to any hold or delay ( funds    
availability pursuant to ?is p>agraph4  
7,c7 ,additional notice ,! regulations  
issu$ pursuant to ?is p>agraph may      
provide = additional notifications to a 
payor1 a receiv+ depository in/itution1 

& a depositor beyond :at is o!rwise     
requir$ pursuant to subsection 7f7 to   
keep relevant p]sons in=m$ ( ! /atus ( a
 hold4  7,d7 ,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$1 by /rik+ 
p>agraph 7#a7 & ins]t+ p>agraph 7#a7 or 
7#b74  #d4 ,exception to funds          
availability requirem5ts 9 ! case (     
c]ta9 acc\nts & fraudul5t wire transf]s 
7a7 ,9 g5]al ,section #fjd ( ! ,exp$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 & subsection  
7a77#a77;,b7 ( ?is section %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 ,delay$
 availability ,! regulations issu$      
pursuant to ?is subsection %all         
prescribe an initial hold 7"t p]iod (   
delay$ funds availability71 n to exce$  
#aj days1 an ext5d$ hold 7"t p]iod (    
delay$ funds availability71 n to exce$  
#de days1 to all[ ! receiv+ depository  
in/itution to det]m9e if x has          
reasonable suspicion "u p>agraph 7#a74  
,! regulations may prescribe diff]5t    
initial & ext5d$ hold timel9es bas$ on !
 doll> am\nt ( ! funds 9 "q & o!r       
relevant crit]ia4 ,! regulations may    
also include conditions a receiv+       
depository in/itution mu/ satisfy )     
respect to any hold or delay ( funds    
availability pursuant to ?is subsection4

  7#c7 ,additional notice ,! regulations
 issu$ pursuant to ?is subsection may   
provide = additional notifications to a 
payor1 a receiv+ depository in/itution1 
& a depositor beyond :at is o!rwise     
requir$ pursuant to subsection 7f7 to   
keep relevant p]sons in=m$ ( ! /atus ( a
 hold4  7#d7 ,basis = det]m9ation ,no   
det]m9ation "u ?is subsection may be    
bas$ on any class ( wire transf]s or    
p]sons4  7#e7 ,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#f7        
,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  7b7 ,"t = notice      
,section #fjd7;f77#b77;,c7 ( ! ,exp$it$ 
,funds ,availability ,act 7#ab ,u4,s4,c4
 #djjc7;f77#b77;,c77 is am5d$ by /rik+  
subsection 7d7 or 7e7 & ins]t+          
subsection 7c77#b71 7d71 7e7 or 7h74    
#e4 ,/udy & report on funds availability
  7a7 ,/udy ,! ,comptroll] ,g5]al ( !   
,unit$ ,/ates %all conduct a /udy (--   

7#a7 ,/ate laws address+ funds          
availability & safegu>ds to protect     
aga9/ fraud1 includ+ p]mitt$ hold p]iods
 = inve/igat+ fraud conc]ns2  7#b7 !    
ext5t to :i* depository in/itutions make
 funds available to consum]s = local &  
nonlocal *ecks prior to ! expiration (  
maximum hold p]iods2  7#c7 ! l5g? ( "t  
)9 :i* depository in/itutions involv$ ) 
a deposit by *eck conduct inve/igations 
( ! nonpaym5t ( local & nonlocal *ecks2 
7#d7 ! appropriat5ess ( ! "t p]iods &   
am\nt limits applicable "u sections #fjc
 & #fjd1 z 9 effect on ,june #cj1 #bjbf2
 &  7#e7 adm9i/rative & legislative re=m
 options to fur!r mitigate paym5t fraud 
risk & any associat$ consum] h>m1       
includ+ ) respect to =ms ( paym5ts cov]$
 & n cov]$ by ! ,exp$it$ ,funds         
,availability ,act4  7b7 ,report to     
,congress ,)9 n9e mon?s ( ! effective   
date ( rules implem5t+ ?is ,act1 !      
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all submit to ! ,committee on ,bank+1  
,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! 

,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives a report on !   
f9d+s ( ! /udy requir$ "u subsection    
7a74  #f4 ,rulemak+ requir$ & delay$    
effective date  7a7 ,rulemak+ requir$ ,n
 lat] ?an "o ye> aft] ! date ( enactm5t 
( ?is ,act1 ! ,bo>d ( ,gov]nors ( !     
,f$]al ,res]ve ,sy/em1 jo9tly ) !       
,director ( ! ,bureau ( ,consum]        
,f9ancial ,protection1 %all adopt f9al  
rules implem5t+ ! am5dm5ts made by      
section #c7;a77#c7 & section #d4  7b7   
,delay$ effective date ,! am5dm5ts made 
by section #c7;a77#c7 & section #d %all 
take effect #fj days aft] ! rules       
describ$ 9 subsection 7a7 are adopt$4   
,septemb] #a1 #bjbf,report$ ) an        
am5dm5t1 committ$ to ! ,committee ( !   
,:ole ,h\se on ! ,/ate ( ! ,union1 &    
ord]$ to be pr9t$