< Back to H.R. 1246 (104th Congress, 1995–1996)

Text of the Electronic Terminal Disclosure Act of 1995

This bill was introduced on March 15, 1995, in a previous session of Congress, but was not enacted. The text of the bill below is as of Mar 15, 1995 (Introduced).

Download PDF

Source: GPO

HR 1246 IH

104th CONGRESS

1st Session

H. R. 1246

To amend the Electronic Funds Transfer Act to require fee disclosures by operators of electronic terminals at which electronic fund transfer services are made available to consumers.

IN THE HOUSE OF REPRESENTATIVES

March 15, 1995

Mr. FIELDS of Louisiana introduced the following bill; which was referred to the Committee on Banking and Financial Services


A BILL

To amend the Electronic Funds Transfer Act to require fee disclosures by operators of electronic terminals at which electronic fund transfer services are made available to consumers.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ‘Electronic Terminal Disclosure Act of 1995’.

SEC. 2. ELECTRONIC FUND TRANSFER FEE DISCLOSURES AT ELECTRONIC TERMINALS.

    Section 904 of the Electronic Fund Transfer Act (15 U.S.C. 1693b) is amended--

      (1) by striking ‘(d) In the event’ and inserting ‘(d) APPLICABILITY TO SERVICE PROVIDERS OTHER THAN CERTAIN FINANCIAL INSTITUTIONS-

      ‘(1) IN GENERAL- In the event’; and

      (2) by adding at the end the following new paragraphs:

      ‘(2) FEE DISCLOSURES AT ELECTRONIC TERMINALS- The regulations prescribed under paragraph (1) shall require any person who operates an electronic terminal at which electronic fund transfer services are made available to any consumer to provide notice to the consumer (at the time the service is provided at any such terminal) of the amount of any fee imposed by such person for providing the service.’.