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- S.229
S.229: Interest on Business Checking Act of 2001
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about law
- Introduced Jan. 31, 2001
- Latest Major Action Jan. 31, 2001
Bill Sponsor
Bill Cosponsors
3 (2 Democrats, 2 Republicans)
Bill Summary
Interest on Business Checking Act of 2001 - Amends the Federal Reserve Act, the Home Owners' Loan Act, and the Federal Deposit Insurance Act to: (1) provide that a depository institution may permit owners of interest or dividend paying accounts to make up to 24 transfers monthly for any purpose to their other demand deposits in the same institution; and (2) repeal the proscription against the payment of interest on demand deposits.Prescribes...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
|
| Jan. 31, 2001 |
Introduced in the Senate by Chuck T. Hagel (R-Neb.) |