*UPDATE* President Obama signed bill H.R. 4367 into Public Law No: 112-216 on December 20, 2012.
Electronic Fund Transfer Act Amended
In a vote on December 11, 2012, the Senate unanimously passed H.R. 4367. The bill, passed by the house in July of 2012, repeals the Electronic Fund Transfer Act requirement that all ATM machines display a fee disclosure in a prominent and conspicuous location. By removing this requirement, financial institutions are now able to provide the fee notice solely on the ATM screen at the time of transaction. Passage of this bill eliminates a significant regulatory burden on financial institutions.
Read more here: Bill Summary and Status