H.R. 9331 proposes amendments to the Expedited Funds Availability Act, allowing banks and financial institutions to delay the availability of funds when there are concerns about fraudulent checks or wire transfers. The bill aims to provide more flexibility for financial institutions in handling potential fraud cases, ensuring that they can take necessary precautions before releasing funds.
Supporters of H.R. 9331 have praised the bill for enhancing the security measures that banks can take against fraud. They argue that the amendments will help protect consumers and financial institutions from losses due to fraudulent activities, ultimately contributing to a safer banking environment.
Critics of H.R. 9331 have raised concerns that the bill could lead to unnecessary delays in fund availability for consumers, particularly those who rely on quick access to their money. There are fears that the amendments may be exploited by banks to hold funds longer than necessary, potentially harming individuals and small businesses.
While there are no direct industry overlaps between the sponsor's top donor industries and the subject matter of H.R. 9331, there are notable lobbying activities that could indicate potential conflicts of interest. The Financial Oversight and Management Board for Puerto Rico, which has contributed $60,000 to Young Kim, is involved in financial oversight, which could intersect with the bill's amendments to the Expedited Funds Availability Act concerning fraudulent checks and wire transfers. This raises questions about whether the interests of this donor align with the legislative changes proposed. Additionally, the Queens Chamber of Commerce has contributed $10,000 and is also involved in financial matters, further complicating the landscape of potential influence. Voters should be aware of these connections as they may affect the integrity of the legislative process.
Organizations that lobbied on issues related to this bill's policy area. 1 lobbying client(s) are also sponsor donors.
| Client | Lobbying Firm | Amount |
|---|---|---|
| FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO Also a Donor | OFF HILL STRATEGIES L.L.C. | $60,000 |
| OKLAHOMA STATE UNIVERSITY | RED MAPLE CONSULTING, LLC | $60,000 |
| UNITED LAUNCH ALLIANCE | RED MAPLE CONSULTING, LLC | $40,000 |
| NATIONAL MARINE SANCTUARIES FOUNDATION | RED MAPLE CONSULTING, LLC | $20,000 |
| ORLANDO HEALTH | ORLANDO HEALTH | $20,000 |
| FRIEDKIN GROUP | DOUCET CONSULTING SOLUTIONS, LLC | $20,000 |
| FARM CREDIT MID-AMERICA | FARM CREDIT MID-AMERICA | $20,000 |
| QUEENS CHAMBER OF COMMERCE | LEMMA STRATEGIES INC | $10,000 |
| WILLIAMS AND JENSEN ON BEHALF OF LOS ANGELES COUNTY EMPLOYEES' RETIREMENT SYSTEM | DOUCET CONSULTING SOLUTIONS, LLC | $10,000 |
| NY SUN WORKS | LEMMA STRATEGIES INC | $10,000 |
| LOUISIANA SHERIFFS' ASSOCIATION | DOUCET CONSULTING SOLUTIONS, LLC | $10,000 |
| DELTA AIRLINES | LEMMA STRATEGIES INC | undisclosed |
| 69 BRIDGELINK | APPIAN | undisclosed |
| ALPHAPOINTE | LEMMA STRATEGIES INC | undisclosed |
| DOLLAR TREE MANAGEMENT, INC. | OFF HILL STRATEGIES L.L.C. | undisclosed |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Young Kim, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
