This bill amends section 2113 of title 18, United States Code. It adds a definition of "ATM" to mean a network-connected automated teller machine that lets a depositor access an account using a card or other access device. The bill also says an ATM and any cash being loaded into, unloaded from, or in transit to an ATM shall be considered in the care, custody, control, management, or possession of any bank, credit union, or savings and loan association, whether or not the ATM is on the institution's physical premises or owned or operated by that institution.
The bill clarifies how ATMs and cash associated with ATMs are treated under section 2113. It makes clear that depository institutions are considered to have custody or control of ATMs and the cash in them even when ATMs are offsite or not owned or operated by the institution.
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