Lets banks delay funds from suspected fraudulent checks or wire transfers, with some overdraft fee protections.
Today, banks generally have to make deposited funds available within specific timelines. This bill would let banks hold money from checks or wire transfers longer if they have a good reason to suspect fraud. This could mean delays for account holders. However, it would also protect them from certain overdraft fees if a delayed wire transfer causes the overdraft.
Today, banks must generally make funds from checks and wire transfers available within a set timeframe, even if they suspect fraud. If this bill becomes law, banks would be able to hold funds longer if they have a good reason to believe a check or wire transfer is fraudulent. It would also set new rules for accounts with higher fraud risk, potentially delaying funds for up to 60 days, but would protect customers from certain overdraft fees related to delayed wire transfers.
HR 9331 · 119th Congress · June 18, 2026 · AI Summary by gemini-2.5-flash · 10/10
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3 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.