Cohen said his bill would make it easier for people to avoid late fees when they choose to mail their bills, by treating these bills as "paid" as soon as they are received by a post office.

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"Each month, thousands of Americans are charged late fees and penalties for bills they believed in good faith they had paid on time, through no fault of their own," he said. "This bill would make sure consumers are held to the same payment standards used by the Internal Revenue Service."

The Postmark Payment Act, H.R. 4003, would exempt from this rule change any payment that is required by law or contract to be made electronically. Reps. Charles Gonzalez (D-Texas), Raúl Grijalva (D-Ariz.), Alcee Hastings (D-Fla.), Marcy Kaptur (D-Ohio), Betty McCollum (D-Minn.) and Terri SewellTerrycina (Terri) Andrea SewellAlabama newspaper editor won’t apologize for writing editorial saying KKK should 'ride again' Congressional Black Caucus faces tough decision on Harris, Booker Former staffer accuses Jackson Lee of retaliation after rape claim MORE (D-Ala.) co-sponsored the bill, along with Del. Eleanor Holmes Norton (D-D.C.).