There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/25/1993)

Amends the Electronic Fund Transfer Act to prohibit the Board of Governors of the Federal Reserve System (the Board) from applying to electronic benefit transfers established under a State or local governmental entitlement program certain disclosures, protections, responsibilities, and remedies (in effect, the liability limits currently applicable to private sector ATM and consumer credit cards), unless the payment under such program is made directly into a consumer's account held by the recipient.

Declares such prohibition inapplicable to benefit payments made through the use of a debit card unless the Board determines that certain emergency services are available to the recipient in the event the card is reported lost or stolen.