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H.R. 9331119th CongressOn the floor calendarLatest action Sep 1, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
Banks could delay access to deposited funds up to 45 days if they suspect check or wire fraud.
50-second read · 4 questions answered below
This bill lets banks hold deposited funds longer than current limits, up to 10 days initially and 45 days extended, when they reasonably suspect check or wire fraud. The Federal Reserve and CFPB must write rules governing these holds, notification requirements, and longer holds for new or risky accounts. Regulators also gain power to speed up availability of certain checks during high-fraud periods.
Bank and credit union customers who deposit checks or receive wire transfers, especially those flagged for suspected fraud, are most directly affected. Banks and credit unions gain more flexibility but face new notification, recordkeeping, and compliance rules from the Federal Reserve and CFPB.
Customers could see their money held longer than under current law when a bank suspects fraud, though banks lose the right to charge overdraft fees caused by delays if they fail to notify customers properly. Regulators must also study and report to Congress on how well these fraud protections work.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it's on the House floor calendar. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Placed on the Union Calendar, Calendar No. 692.