Sec. 16. STUDY AND REPORT ON FUNDS AVAILABILITY
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## SEC. 16 STUDY AND REPORT ON FUNDS AVAILABILITY **[**[12 U.S.C. 5015](/us/usc/t12/s5015)**]** ###
(a)Study In order to evaluate the implementation and the impact of this Act, the Board shall conduct a study of— ####
(1)the percentage of total checks cleared in which the paper check is not returned to the paying bank; ####
(2)the extent to which banks make funds available to consumers for local and nonlocal checks prior to the expiration of maximum hold periods; ####
(3)the length of time within which depositary banks learn of the nonpayment of local and nonlocal checks; ####
(4)the increase or decrease in check-related losses over the study period; and ####
(5)the appropriateness of the time periods and amount limits applicable under sections 603 and 604 of the Expedited Funds Availability Act, as in effect on the date of enactment of this Act. ###
(b)Report to Congress Before the end of the 30-month period beginning on the effective date of this Act, the Board shall submit a report to the Congress containing the results of the study conducted under this section, together with recommendations for legislative action.
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Sec. 16
STUDY AND REPORT ON FUNDS AVAILABILITY
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