The main purpose of this legislation is to update the Electronic Fund Transfer Act to ensure that certain financial thresholds are adjusted for inflation. This is intended to keep the law relevant and effective as economic conditions change over time. Key provisions of the law include a requirement for annual adjustments to specific financial thresholds based on the Consumer Price Index, which measures inflation. Starting in July 2026, and every January 15 thereafter, the relevant financial thresholds will be recalibrated to reflect the annual percentage increase in this index.