H.R. 1631: Safe Access to Cash Act of 2025

This bill, titled the Safe Access to Cash Act of 2025, aims to clarify the legal status of Automated Teller Machines (ATMs) in relation to financial institutions like banks, credit unions, and savings and loan associations. Here are the key points of the bill:

Definition of ATMs

The bill provides a defined term for ATMs. According to the bill, an ATM is any network-connected machine that enables customers of banks, credit unions, or savings and loan associations to perform various banking transactions. This includes:

• Withdrawing money
• Depositing money
• Checking account balances

Moreover, it encompasses any ATM that is owned, operated, or sponsored by these financial institutions.

Legal Status Clarification

One of the critical aspects of the bill is its clarification on the ownership and control of ATMs and cash. It states that an ATM, along with any cash that is being transported to or from it, is considered to be in the care, custody, control, management, or possession of the financial institution that is associated with the ATM. This remains true even if:

• The ATM is not located on the physical premises of the financial institution.
• The ATM is not owned or operated by that institution.

This clarification is significant for legal and operational purposes, as it may affect the liability and responsibilities of financial institutions regarding ATMs.

Impact on ATM Transactions

With this bill, the intention is to enhance the understanding of how ATMs are managed under the law, possibly affecting how incidents related to ATM security, robberies, and losses are handled legally. By recognizing that cash in and around ATMs is the responsibility of the associated financial institutions, this legislation may influence regulatory actions and insurance requirements related to ATM operations.

Goals and Intended Outcomes

The overarching goal of this legislation appears to be the safeguarding of access to cash through ATMs and ensuring that financial institutions are appropriately recognized in legal matters concerning these machines. By formalizing the connection between financial institutions and ATMs, the bill aims to protect the interests of consumers who rely on ATMs for their banking needs.

Relevant Companies

• JPM - JPMorgan Chase & Co.: As a major banking institution, JPMorgan Chase operates numerous ATMs. This bill could impact how the bank manages its ATMs and its liability related to cash transactions.
• USB - U.S. Bancorp: U.S. Bank's operations concerning ATMs and cash management may be affected by the clarifications specified in this bill.
• PNC - PNC Financial Services Group: As a provider of banking services, PNC's liability and responsibilities related to ATM operations could be influenced by this legislation.