H.R. 6306 · 116th Congress
Immediate Funds Availability Act of 2020
- Stage
- In committee
- Sponsor
- J. Hill
- Introduced
- 2020-03-19
- Latest action
- 2020-03-19 · Introduced in House
Summary
Immediate Funds Availability Act of 2020
This bill temporarily requires depository institutions located in a state with a public health emergency to immediately make available for withdrawal certain deposited funds. Specifically, the first $1,500 of a deposit must be made available in real time. This requirement expires three years after enactment.