Protect Military and Federal Employees from Unfair Bank Fees Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 5953 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 5953 To prohibit card issuers and financial institutions from imposing certain fees on covered persons during any period during which appropriations are not in effect for the operations of one or more Federal agencies, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES November 7, 2025 Ms. Jacobs (for herself, Ms. Elfreth, and Mr. Walkinshaw) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To prohibit card issuers and financial institutions from imposing certain fees on covered persons during any period during which appropriations are not in effect for the operations of one or more Federal agencies, and for other purposes. 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 ``Protect Military and Federal Employees from Unfair Bank Fees Act''. SEC. 2. FEES. (a) In General.--A financial institution may not impose any fee on any account held by a covered person during a covered period that relates to insufficient funds in such consumer's account to pay or reject a debit. (b) Credit Card Fees.--A card issuer who has issued a credit card to a covered person may not impose any fee or charge on such covered person for the failure of such person to make a payment by the due date of such payment if such payment was due during a covered period. (c) Definitions.--In this section: (1) Account.--The term ``account'' has the meaning given the term in section 3 of the Electronic Fund Transfer Act. (2) Card issuer.--The term ``card issuer'' has the meaning given the term in section 103 of the Consumer Credit Protection Act