Bill · H.R. 5953· House(119-HR-5953)
Protect Military and Federal Employees from Unfair Bank Fees Act
- Introduced
- 11/7/2025
- Last activity
- 11/7/2025 — Referred to the House Committee on Financial Services.
- Sponsored by
- Sara Jacobs
- Cosponsors
- - 2 - 0
- Introduced
- In Committee
What this bill would do
This bill is called the "Protect Military and Federal Employees from Unfair Bank Fees Act". It stops financial institutions from charging certain fees to covered persons when federal agencies lack appropriations. It specifically prohibits fees for insufficient funds to pay or reject a debit. Additionally, card issuers cannot charge fees for late payments that were due during a covered period. This applies to individuals in the civil service, Armed Forces, or uniformed services who are furloughed or working without pay.
Yes· 3 of 4
Would households on low incomes be better off under this?+6
Prevents compounding debt through bank fees for those unable to pay during furloughs.
Does this give people more protection from unfair business practices?+5
Protects covered persons from predatory bank fees during government shutdowns.
Would middle-income households be better off under this?+4
Protects federal employees' finances during appropriation gaps.
The opposite
Would business owners be better off under this?-2
Financial institutions lose revenue from these specific fees.
Who it would affect, and how
Potential Positive Impacts for People
-
No Insufficient Funds Fees: Financial institutions cannot charge fees related to insufficient funds for debits during a covered period, which helps covered persons avoid extra costs when they aren't being paid (Section 2(a)).
-
No Late Credit Card Fees: Card issuers cannot charge fees for failing to make a payment by the due date if that date falls during a covered period, reducing the financial burden on covered persons (Section 2(b)).
Potential Negative Impacts for People
- No negative impacts for people are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+6Good For Middle Class Households+4Good For Business Owners-2
- Economy And Finance
- Improves Consumer Protection+5
- Social Issues And Justice
- Improves Poverty Reduction+3
- 11/7/2025
- Referred to the House Committee on Financial Services.
- 2 Cosponsors added.
- Introduced in House
Sarah ElfrethDemocrat · Maryland
James WalkinshawDemocrat · Virginia