H.R. 5692 · 115th Congress
Promoting Access to Justice through Unclaimed Deposits Act of 2018
- Stage
- In committee
- Sponsor
- Jenniffer González-Colón
- Introduced
- 2018-05-07
- Latest action
- 2018-05-07 · Introduced in House
Summary
Promoting Access to Justice through Unclaimed Deposits Act of 2018
This bill requires financial institutions to deposit unclaimed funds into an interest- or dividend-bearing account. The interest or dividend generated from such a deposit must be transferred to an appropriate state account that also holds the interest generated from lawyer trust accounts.