H.R.1698: Mandatory Electronic Funds Transfer Expansion Act of 1995

About This Bill

Bill Summary

Mandatory Electronic Funds Transfer Expansion Act of 1995 - Amends the Federal Financial Act of 1994 to require that recipients of Federal payments on or after January 1, 1996, receive them through electronic funds transfer. Exempts recipients of Federal payments who do not have an account with a financial institution or an authorized payment agent. Requires that all Federal payments after January 1, 2001, be made by electronic funds transfer.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Government Reform and Oversight.
Sponsor introductory remarks on measure.
Referred to the Subcommittee on Government Management, Information and Technology.
May 24, 1995

Introduced in the House by James Ross Lightfoot (R-Iowa)

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