Bill Sponsor
House Bill 5692
115th Congress(2017-2018)
Promoting Access to Justice through Unclaimed Deposits Act of 2018
Introduced
Introduced
Introduced in House on May 7, 2018
Overview
Text
Introduced
May 7, 2018
Latest Action
May 7, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5692
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Promoting Access to Justice through Unclaimed Deposits Act of 2018

This bill requires financial institutions to deposit unclaimed funds into an interest- or dividend-bearing account. The interest or dividend generated from such a deposit must be transferred to an appropriate state account that also holds the interest generated from lawyer trust accounts.

Text (1)
Actions (2)
05/07/2018
Referred to the House Committee on Financial Services.
05/07/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:39:35 PM