S1265B2088A10468 SFR:JSL 10/12/16 #90 A10468
AMENDMENTS TO SENATE BILL NO. 1265
Sponsor: REPRESENTATIVE GINGRICH
Printer's No. 2088
Amend Bill, page 2, line 11, by striking out the comma after
"bank" and inserting
or
Amend Bill, page 2, line 11, by inserting after "association"
as those terms are defined in section 1813 of the Federal
Deposit Insurance Act (63 Stat. 873, 12 U.S.C. § 1813),
Amend Bill, page 2, line 12, by inserting after "union"
eligible for insurance of member accounts under the Federal
Credit Union Act (48 Stat. 1216, 12 U.S.C. § 1751 et seq.)
Amend Bill, page 4, lines 24 through 30; page 5, lines 1 and
2; by striking out all of said lines on said pages and inserting
(5) The payroll card account shall provide the employee
with the ability without charge to make:
(i) At least one withdrawal each pay period for any
amount up to and including the full amount of the
employee's net wages for that period or one such
withdrawal weekly if the employee is paid more frequently
than weekly.
(ii) One in-network ATM withdrawal each pay period
or one such withdrawal weekly if the employee is paid
more frequently than weekly.
2016/90SFR/SB1265A10468 - 1 -
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