HR 10542 · 118th Congress 2023–2025, ended

Employee Paycheck and Small Business Protection Act

Introduced Dec 19, 2024 Originated House Sponsor Maxine Waters D-CA

Fact sheet Spreadsheet

Latest action · Dec 19, 2024 Referred to the House Committee on Financial Services.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedDec 19, 2024
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Cosponsors

Members who signed on, in the order they did.

No cosponsors are on file for this measure.

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred Dec 19, 2024

Actions 2

Everything that happened, newest first.

  1. Dec 19, 2024Introduced in House
  2. Dec 19, 2024Referred to the House Committee on Financial Services.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Clause 3 of Section 8 of Article I of the Constitution, which provides Congress with the power to ``regulate commerce with foreign nations, and among the several states, and with the Indian tribes.'' The single subject of this legislation is: The bill modernizes the deposit insurance framework to better protect small business payment accounts.

The sponsor’s statement, as printed in the Congressional Record, vol. 170, no. 189, December 19, 2024, page H7391.

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Federal Deposit Insurance Act and the Federal Credit Union Act to authorize a temporary transaction account guarantee program, expand deposit and share insurance to cover business payment accounts, and for other purposes.
Short Title(s) as Introduced
Employee Paycheck and Small Business Protection Act

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Dec 19, 2024Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.