It is the Check Clearing for the 21st Century Act. That is what we are doing. We are replacing what the Chamber of Commerce has described as an antiquated method of presenting and returning checks. It is amazing to me that we had not taken this step 10 or 15 or 20 years ago. But I do want to commend the gentlewoman from Pennsylvania (Ms. Hart), and I want to commend the gentleman from Tennessee (Mr. Ford). I want to commend a bipartisan group of Members who come together to push this legislation and bring it out on the floor today. This is a model for bipartisanship. There are 33 co-sponsors, Democrats, Republicans. The gentleman from Massachusetts (Mr. Frank), the ranking member, and the gentleman from Ohio (Mr. Oxley), both made this a priority. We have an amendment that was introduced by the gentleman from North Carolina (Mr. Watt) which is included on page 11 in section 3, paragraph E. Part of that language clarifies that nothing in this act shall diminish in any way and everything in this act shall preserve all consumer protections. In fact, we have added consumer protections in this act.
Editor's note · Context
Discussing the Check Clearing for the 21st Century Act and its bipartisan support.
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