[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1801 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 1801

To delay the effective date of the final rule of the Bureau of Consumer 
  Financial Protection titled ``Prepaid Accounts under the Electronic 
     Fund Transfer Act (Regulation E) and the Truth In Lending Act 
                           (Regulation Z)''.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 30, 2017

  Mr. Tipton introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To delay the effective date of the final rule of the Bureau of Consumer 
  Financial Protection titled ``Prepaid Accounts under the Electronic 
     Fund Transfer Act (Regulation E) and the Truth In Lending Act 
                           (Regulation Z)''.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Prepaid Account Compliance and 
Extension Relief Act of 2017'' or the ``PACER Act of 2017''.

SEC. 2. EFFECTIVE DATE OF PREPAID CARD RULE.

    Notwithstanding any effective date set forth in the final rule of 
the Bureau of Consumer Financial Protection titled ``Prepaid Accounts 
under the Electronic Fund Transfer Act (Regulation E) and the Truth In 
Lending Act (Regulation Z)'' (published November 22, 2016; 81 Fed. Reg. 
83934), such final rule shall not take effect--
            (1) until October 1, 2018, with respect to the general 
        effective date and any other effective date of October 1, 2017; 
        and
            (2) until October 1, 2019, with respect to the effective 
        date for issuers to submit prepaid account agreements to the 
        Bureau and any other effective date of October 1, 2018.
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