1. Short title This Act may be cited as the Immediate Funds Availability Act of 2020 . 2. Temporary requirement for real time availability of funds in States with a public health emergency The Expedited Funds Availability Act ( 12 U.S.C. 4001 et seq.) is amended— (1) by redesignating section 613 as section 614; and (2) by inserting after section 612 the following: 613. Temporary requirement for real time availability of funds in States with a public health emergency (a) In general Notwithstanding any other provision of this title and with respect to a depository institution located in a State with a public health emergency, in any case in which cash or other funds are deposited in an account at a depository institution, the first $1,500 of such cash or funds shall be available for withdrawal in real time. (b) Applicable only to existing customers Subsection (a) shall only apply to deposits made into an account of a customer of a depository institution if such customer has been a customer of the depository institution for at least 6 months. (c) State with a public health emergency defined In this section, the term State with a public health emergency means a State with respect to which, and during the period of time with respect to which, the Governor of the State has notified the Board (and made such notice available to the public) that the State is experiencing a public health emergency. (d) Sunset This section shall have no force or effect after the end of the 3-year period beginning on the date of enactment of this section. . 3. Sense of Congress It is the sense of the Congress that the Board of Governors of the Federal Reserve System should consider moving to a same-day check settlement system (including weekends and holidays).