Call on the Federal Reserve to provide a detailed response to the petition on check clearing and begin rulemaking under the Expedited Funds Availability Act to lower check and Direct Deposit hold times for working families, seniors, and small businesses.

I urge the Fed to provide a detailed response to that petition and to begin the mandated rulemaking process to lower check and Direct Deposit times, in order to give working families, seniors, and small businesses access to their hard-earned money more quickly.

Fetterman urged the Federal Reserve to respond to a petition and begin rulemaking to speed up check clearing and Direct Deposit availability.

Fetterman Urges Federal Reserve to Expedite Payment Speeds for Working Families and Small Businesses
primary · press_release · model gpt-5.5

The release says Fetterman wrote to Federal Reserve Board Chairman Kevin Warsh urging rulemaking under the Expedited Funds Availability Act to speed check clearing and Direct Deposit. The transcribed letter states: "I urge the Fed to provide a detailed response to that petition and to begin the mandated rulemaking process to lower check and Direct Deposit times."

Within the June 9-July 8, 2026 lookback window, Fetterman's Senate office documented that he sent the requested oversight letter calling on the Fed to respond to the petition and begin EFAA rulemaking. This directly delivers the commitment to call on the Federal Reserve, though it does not show the Fed has acted.

delivered same_term A for effort

Fetterman Urges Federal Reserve to Expedite Payment Speeds for Working Families and Small Businesses
secondary · model gpt-5.5 · confidence 98%