Sponsors (12)
The bill clarifies and broadens federal protection and enforcement for off‑premises ATMs—likely deterring theft and reducing legal uncertainty—but it simultaneously expands legal exposure and costs for financial institutions, with potential higher compliance burdens for small banks and fee increases for customers.
Banks, credit unions, thrifts, and law enforcement gain clearer federal protection and prosecutorial authority because off‑premises and third‑party ATMs are treated as bank property, reducing legal uncertainty about access-device crimes.
Customers and financial institutions may experience fewer ATM thefts and related harms because treating off‑site/third‑party ATMs as bank property encourages stronger security, deterrence, and investment in protections.
Banks and ATM sponsors — including entities that do not operate third‑party machines — could face increased legal exposure or prosecutorial scrutiny as liability standards expand.
Smaller banks and credit unions that rely on third‑party ATM operators may incur higher compliance, insurance, or legal costs to manage the expanded exposure.
Customers using third‑party or offsite ATMs could face higher fees if institutions pass along increased security, insurance, or compliance costs.
Based on analysis of 2 sections of legislative text.
Treats ATMs and cash going to/from ATMs as in a bank's custody for the federal bank-robbery law and defines "ATM."
Introduced February 26, 2025 by John Rose · Last progress February 26, 2025
Makes theft or robbery of ATMs and cash moving to or from ATMs subject to the federal bank-robbery statute by treating ATMs and their cash as being in the custody or control of a bank, credit union, or savings and loan association. Also creates a statutory definition of “ATM” that covers networked teller terminals that use a payment card or access device and allow withdrawals, deposits, or balance checks, whether or not the machine sits on bank property or is owned/operated by the bank.