The ATM disclosure bill, H.R. 4367, was approved by unanimous consent by the U.S. Senate on December 11. The bill was unanimously passed by the U.S. House in July. It now goes to President Obama to sign and make law.
Missouri U.S. Rep. Blaine Luetkemeyer (R-District 9) sponsored the bill, which eliminates the requirement that credit unions and other financial institutions place a physical disclosure on ATMs. The bill preserves consumer notification of any potential fees associated with an ATM transaction through an electronic disclosure.