H.R. 385House115th Congress (2017-2019)In Committee

To amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and the Northern Mariana Islands.

AI-Generated Summary

Updated April 15, 2026 at 11:27 AM UTC

This bill updates the Expedited Funds Availability Act to explicitly include American Samoa and the Commonwealth of the Northern Mariana Islands in the areas covered by the law. By adding these territories to the Act’s definitions, banks and other financial institutions operating there must follow the same rules for how quickly deposited funds become available to customers. The changes take effect retroactively to the start of 2017.

Key Provisions

Adds the phrase “located in the United States” after “ATM” in the definition list of the Expedited Funds Availability Act.
Inserts “American Samoa, the Commonwealth of the Northern Mariana Islands” after “Puerto Rico” in the list of places covered by sections 602(21) and 602(23), extending the Act’s rules to those territories.
Adds the same territories after “Puerto Rico” in section 603(d)(2)(A), ensuring the same availability‑time requirements apply to deposits made there.
Sets the effective date of these changes to January 1, 2017.

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

January 9, 2017

View full timeline

HouseIntro Referral

Introduced in House

January 9, 2017

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

January 9, 2017

Bill Text

Latest available legislative text

Reading Mode

Raw Text PDF XML

Introduced in HouseIssued January 9, 2017

115th CONGRESS

1st Session

H. R. 385

IN THE HOUSE OF REPRESENTATIVES

January 9, 2017

Mrs. Radewagen (for herself and Mr. Sablan) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and the Northern Mariana Islands.

Application of the Expedited Funds Availability Act

(a)

In general

The Expedited Funds Availability Act (12 U.S.C. 4001 et seq.) is amended—

(1)

in section 602(20) (12 U.S.C. 4001(20)) by inserting , located in the United States, after ATM;

(2)

in section 602(21) (12 U.S.C. 4001(21)) by inserting American Samoa, the Commonwealth of the Northern Mariana Islands, after Puerto Rico,;

(3)

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

(4)

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,.

(b)

Effective date

The amendments made by this Act shall take effect as if enacted on January 1, 2017.