U.S Code last checked for updates: Apr 18, 2024
All TitlesTitle 12Chapter 50
§ 5017.
Evaluation and report by the Comptroller General
(a)
Study
During the 5-year period beginning on October 28, 2003, the Comptroller General of the United States shall evaluate the implementation and administration of this chapter, including—
(1)
an estimate of the gains in economic efficiency made possible from check truncation;
(2)
an evaluation of the benefits accruing to consumers and financial institutions from reduced transportation costs, longer hours for accepting deposits for credit within 1 business day, the impact of fraud losses, and an estimate of consumers’ share of the total benefits derived from this chapter; and
(3)
(b)
Report to Congress

Before the end of the 5-year period referred to in subsection (a), the Comptroller General shall submit a report to the Congress containing the findings and conclusions of the Comptroller General in connection with the evaluation conducted pursuant to subsection (a), together with such recommendations for legislative and administrative action as the Comptroller General may determine to be appropriate.

(Pub. L. 108–100, § 18, Oct. 28, 2003, 117 Stat. 1191.)
cite as: 12 USC 5017
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