Nacha News

Nacha creates broadly adopted payment and financial messaging rules and standards through consensus-led governance, international collaboration, and innovative development practices. We continually advance the ubiquitous ACH Network and engage diverse stakeholders to accelerate a digital future of global financial services interoperability.

Hensarling to Re-Introduce CHOICE Act

House Financial Services Chairman, Jeb Hensarling will be introducing the CHOICE Act later this month. We obtained a summary chart of his current bill vs the bill he introduced in the 114th Congress. This House bill will likely move through the House of Representatives quickly but the Senate will likely only address a portion of this bill and not introduce a companion bill in the 115th Congress. Nacha’s GR team will continue to monitor this bill and continue to meet with congressional staff on these issues. In addition, it is sure to be a hot topic on our Hill Day this June.