Bill · H.R. 9331· House(119-HR-9331)
STOP Payments Fraud Act of 2026
- Introduced
- 6/18/2026
- Last activity
- 9/1/2026 — Placed on the Union Calendar, Calendar No. 692.
- Sponsored by
- Young Kim
- Cosponsors
- - 1 - 2
- Introduced
- On Calendar
What this bill would do
This bill is called the Strengthening Transaction Oversight and Preventing Payments Fraud Act of 2026 or the STOP Payments Fraud Act of 2026. It amends the Expedited Funds Availability Act to provide specific exceptions when banks deal with fraudulent checks or wire transfers. The legislation allows banks to delay the availability of funds when they have a reasonable suspicion of fraud. It also requires the Board and the Director of the Bureau of Consumer Financial Protection to issue regulations and study the issue. Finally, the Comptroller General must conduct a study and report to Congress on state laws and funds availability.
Yes· 3 of 4
Would business owners be better off under this?+3
Protects banks and businesses from fraudulent payment losses.
Does this give people more protection from unfair business practices?+3
Provides protections against overdraft fees when banks delay funds without notice.
Does this make it easier to run a small business?+2
Helps financial institutions reduce losses from payment fraud.
The opposite· 3 of 12
Would households on low incomes be better off under this?-4
Delayed access to funds can cause significant financial hardship for low-income individuals.
Would people in their twenties and thirties be better off under this?-2
May experience delayed access to funds for checks/wires.
Would people in middle age be better off under this?-2
May experience delayed access to funds for checks/wires.
Who it would affect, and how
Potential Positive Impacts for People
- Protection from Overdraft Fees: Under Section 4(a) (adding Section 604(h)(5) to the Act), if a bank delays a wire transfer due to fraud suspicions and fails to give the required written notice, the bank cannot assess any fee for a subsequent overdraft if the overdraft happened solely because the transferred funds were not available. This protects everyday people from being penalized with fees when their money is temporarily held for security reasons.
Potential Negative Impacts for People
-
Delayed Access to Funds: Under Section 3(a) and Section 4(a) (adding Section 604(c)(2) and Section 604(h) to the Act), banks are permitted to place an initial hold not to exceed 10 days and an extended hold not to exceed 45 days on deposited checks or wire transfers if they have a reasonable suspicion of fraud. This means individuals and groups may have to wait significantly longer to access their deposited money while the bank investigates.
-
Greater Fraud Risk Account Restrictions: Under Section 4(a) (adding Section 604(g) to the Act), deposit accounts identified by rule as being associated with greater fraud risk can face restricted fund availability for a period determined by the regulators, not to exceed 60 days for each occurrence. This could burden regular account holders who fall under these risk classifications by delaying their funds without necessarily having committed any wrongdoing.
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 Business Owners+3Good For Low Income Households-4Good For Middle Aged-2Good For Middle Class Households-2Good For Retirees-2Good For Seniors-2Good For Students-2Good For Young Adults-2Good For Billionaires-1Good For High Income Households-1Good For High Net Worth Individuals-1Good For Ultra High Net Worth Individuals-1
- Economy And Finance
- Improves Consumer Protection+3Improves Small Business Support+2
- Governance And Ideology
- Increases Federal Power+2Improves Due Process-2
- 9/1/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-792.
- Placed on the Union Calendar, Calendar No. 692.
- 6/30/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
- 1 Cosponsor added.
- 6/29/2026
- 2 Cosponsors added.
- 6/18/2026
- Referred to the House Committee on Financial Services.
- Introduced in House
Vicente GonzalezDemocrat · Texas
Sylvia GarciaDemocrat · Texas
Michael LawlerRepublican · New York