Bill > HR7484

This bill, known as the Community Bank Relief Act, amends the Electronic Fund Transfer Act, which governs electronic money transfers, by adjusting certain monetary thresholds for inflation. Specifically, it mandates that a particular amount, referred to in the law, will be updated annually based on the Consumer Price Index (CPI), a measure of inflation, starting in July 2026. Before this regular adjustment, there will be an initial adjustment to account for the increase in the CPI from October 2009 to October 2025, ensuring that the thresholds keep pace with rising prices and remain relevant for community banks.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/7484/all-info