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Timeline
Check 21 Timeline : Insite Banking System™

  • December 2001
    Federal Reserve Chairman Alan Greenspan, sent to the U.S. Congress a proposal that culminated in Check 21.

  • October 8, 2003
    Act passed in House of Representatives unopposed

  • October 15, 2003
    Act passed in Senate by unanimous consent

  • October 28, 2003
    President Bush signed bill into law

  • December 22, 2003
    Federal Reserve Board issued request for comment on proposed rule to implement the legislation

  • May/June 2004
    Final regulations are expected

  • July 28, 2004
    Model language is required to be available

  • October 28, 2004
    Check Truncation Act effective date

 
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