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H.R. 1497: To amend the Expedited Funds Availability Act to require funds deposited by check from the Federal Government to be made available immediately.

We don’t have a summary available yet.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Mar 2, 2021.

This bill requires a depository institution to make funds from a government check available immediately for withdrawal. Currently, these funds must be made available the next business day after deposit.