U.S. Rep. Young Kim (R-Calif.) on June 18, 2026, introduced the Strengthening Transaction Oversight and Preventing (STOP) Payments Fraud Act of 2026 (H.R. 9331). The legislation addresses a critical vulnerability in the current banking ecosystem: the regulatory misalignment between mandated expedited funds availability and the time required to investigate sophisticated, modern check and wire fraud.
If enacted by both houses of the U.S. Congress and signed by President Donald Trump, the bill would provide financial institutions with a vital safe harbor, allowing them to delay the availability of suspected fraudulent deposits without running afoul of the Expedited Funds Availability Act (EFAA).1
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