H.R.4277: Overdraft Protection Act of 2021

About This Bill

  • Introduced June 30, 2021
  • Latest Major Action July 27, 2022

Bill Cosponsors

66 (All Democrats)

Bill Version

Bill Summary

Overdraft Protection Act of 2021 This bill prohibits a financial institution from engaging in unfair or deceptive acts in connection with overdraft coverage. Each financial institution that offers overdraft coverage for accounts must disclose overdraft coverage fees. It must also disclose that the consumer's transaction may be declined if there are insufficient funds in the related account, and the consumer will not be charged a fee if such...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 7 statements associated with H.R.4277.

Bill Actions

Date Description
July 27, 2022
Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 22.
July 27, 2022
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22.
July 27, 2022
Committee Consideration and Mark-up Session Held.
June 30, 2021
Referred to the House Committee on Financial Services.
June 30, 2021

Introduced in the House by Carolyn B. Maloney (D-N.Y.)

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