STUDY OF COMPETITIVE ISSUES IN THE PAYMENTS MECHANISM.

SEC. 1202. STUDY OF COMPETITIVE ISSUES IN THE PAYMENTS MECHANISM. (a) In General.— The Comptroller General, in coordination and consultation with the Board of Governors of the Federal Reserve System, shall conduct a study of— (1) the Federal Reserve System’s exemption from the imposition of presentment fees; (2) the impact of the imposition of presentment fees on the efficiency of the check collection system; and (3) whether the Federal Reserve System requires check clearinghouses to provide services to Federal Reserve banks and whether Federal Reserve banks should pay check clearinghouses for any such services. (b) Reporting Date.— The Comptroller General shall submit its report to Congress not later than 6 months after the date of enactment of this Act.