H.R. 5953

119 HR 5953 IH: Protect Military and Federal Employees from Unfair Bank Fees Act
 U.S. House of Representatives
 2025-11-07
 text/xml
 EN
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 I  119th CONGRESS  1st Session  H. R. 5953  IN THE HOUSE OF REPRESENTATIVES   November 7, 2025   Ms. Jacobs  (for herself,  Ms. Elfreth , and  Mr. Walkinshaw ) introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To prohibit card issuers and financial institutions from imposing certain fees on covered persons during any period during which appropriations are not in effect for the operations of one or more Federal agencies, and for other purposes.
1.
Short title
This Act may be cited as the   Protect Military and Federal Employees from Unfair Bank Fees Act  .
2.
Fees
(a)
In general
A financial institution may not impose any fee on any account held by a covered person during a covered period that relates to insufficient funds in such consumer’s account to pay or reject a debit.
(b)
Credit card fees
A card issuer who has issued a credit card to a covered person may not impose any fee or charge on such covered person for the failure of such person to make a payment by the due date of such payment if such payment was due during a covered period.
(c)
Definitions
In this section:
(1)
Account
The term  account  has the meaning given the term in section 3 of the Electronic Fund Transfer Act.
(2)
Card issuer
The term  card issuer  has the meaning given the term in section 103 of the Consumer Credit Protection Act.
(3)
Credit card
The term  credit card  has the meaning given the term in section 103 of the Consumer Credit Protection Act, and includes any purchase card issued to a covered person by the Federal Government for official use.
(4)
Covered period
The term  covered period  means any period during which appropriations are not in effect for the operations of one or more Federal agencies.
(5)
Covered person
The term  covered person  means an individual employed in the civil service, the Armed Forces, or the uniformed services, as such terms are defined in section 2101 of title 5, United States Code, who was furloughed or excepted from furlough and working without pay during a covered period.
(6)
Financial institution
The term  financial institution  has the meaning given the term in section 3 of the Electronic Fund Transfer Act.