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- S.3566
S.3566: Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020
About This Bill
- Introduced March 22, 2020
- Latest Major Action March 22, 2020
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - March 22, 2020
Bill Summary
Stop Overdraft Profiteering during COVID-19 Emergency Act of 2020 This bill suspends, during a major disaster or emergency declaration and for 120 days after the end of the incident period, certain penalties applicable to consumer transaction accounts. During such a period, depository institutions are prohibited from charging checking-account penalties (i.e., non-sufficient fund fees and overdraft coverage fees), or reporting a consumer's...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 22, 2020 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| March 22, 2020 |
Introduced in the Senate by Cory Booker (D-N.J.) |