I'm not a professional drafter. When it comes to the text of legislation, I'll have to defer to others. In my read of the act, and in my conversations with department officials, it's been made clear to me that small business accounts are in scope. Small business accounts are explicitly referenced in proposed section 3 of the consumer-driven banking act, and in my conversations with department officials, they clarified that it's like this so that we can be clear, when the system launches, that it won't just be consumer accounts. Small business accounts will be in scope as well.
On May 31st, 2024. See this statement in context.