H.R. 9331
STOP Payments Fraud Act of 2026
Summary:
• Amends the Expedited Funds Availability Act to allow depository institutions to delay funds availability for checks or wire transfers when they have reasonable suspicion of fraud, with initial holds not exceeding 10 days and extended holds not exceeding 45 days
• Authorizes the Federal Reserve Board and the Director of the Bureau of Consumer Financial Protection to jointly prescribe regulations implementing these fraud exceptions and to determine when certain check classes pose material fraud loss risks warranting adjusted availability rules
• Requires the Comptroller General to study funds availability laws and fraud safeguards and report findings to Congress within nine months of the effective date of implementing rules
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• Authorizes the Federal Reserve Board and the Director of the Bureau of Consumer Financial Protection to jointly prescribe regulations implementing these fraud exceptions and to determine when certain check classes pose material fraud loss risks warranting adjusted availability rules
• Requires the Comptroller General to study funds availability laws and fraud safeguards and report findings to Congress within nine months of the effective date of implementing rules
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