Protect Military and Federal Employees from Unfair Bank Fees Act

This bill would bar banks and other financial institutions from charging fees for insufficient funds on accounts held by certain federal workers and military members during a lapse in federal funding, often called a government shutdown. It would also bar credit card issuers from charging these people late fees for payments that come due during a shutdown. The rules would apply to civil service employees and members of the Armed Forces or uniformed services who were furloughed or required to work without pay during the shutdown. Government-issued purchase cards for official use would count as credit cards under the bill.

Full text and official record on Congress.gov

Sponsors

• Sara Jacobs Democrat sponsor
• 2 cosponsors