Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.1586
S.1586: Interest on Business Checking Act of 2005
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about law
- Introduced July 29, 2005
- Latest Major Action July 29, 2005
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Interest on Business Checking Act of 2005 - Amends Federal law to authorize interest-bearing transaction accounts for all businesses, permitting up to 24 transfers per month to another account of the owner in the same institution (or any greater number the Federal Reserve Board may determine). Amends the Federal Reserve Act, the Home Owners' Loan Act, and the Federal Deposit Insurance Act to repeal the prohibition against the payment of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
|
| July 29, 2005 |
Introduced in the Senate by Chuck T. Hagel (R-Neb.) |