H.R. 1679 — what changed
To amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and the Northern Mariana Islands.
From Introduced in House to Engrossed in House. 1 section amended between Introduced in House and Engrossed in House.
Section 1 Application of the Expedited Funds Availability Act
added
In general— The Expedited Funds Availability Act (12 U.S.C. 4001 et seq.) is amended—
removed
The Expedited Funds Availability Act (12 U.S.C. 4001 et seq.) is amended—
renumbered
was (3)
in section 602(20) (12 U.S.C. 4001(20)) by inserting “, located in the United States,” after “ATM”;
added
in section 602(21) (12 U.S.C. 4001(21)) by inserting “American Samoa, the Commonwealth of the Northern Mariana Islands,” after “Puerto Rico,”;
added
in section 602(23) (12 U.S.C. 4001(23)) by inserting “American Samoa, the Commonwealth of the Northern Mariana Islands,” after “Puerto Rico,”; and
added
in section 603(d)(2)(A) (12 U.S.C. 4002(d)(2)(A)), by inserting “American Samoa, the Commonwealth of the Northern Mariana Islands,” after “Puerto Rico,”.
added
Effective date— This Act shall take effect on January 1, 2016.
removed
in section 602(21) (12 U.S.C. 4001(21)) by inserting “American Samoa,” after “Puerto Rico,”;
removed
in section 602(23) (12 U.S.C. 4001(23)) by inserting “American Samoa,” after “Puerto Rico,”; and
removed
by adding at the end of section 603(d) (12 U.S.C. 4002(d)) the following new paragraph:
removed
“(3) Extension for certain deposits in American Samoa—Notwithstanding any other provision of law, any time period established under subsection (b), (c), or (e) shall be extended by 2 business days in the case of any deposit which is both—
removed
“(A) deposited in an account at a depository institution which is located in American Samoa; and
removed
“(B) deposited by a check drawn on an originating depository institution which is not located in the same State as the receiving depository institution.”