H.R. 859 · 108th Congress
Business Checking Freedom Act of 2003
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
ToomeySponsor17 cosponsors · 7 D, 10 R
R
Biggert
CG
D
Gonzalez
DH
D
Hooley
PK
D
Kanjorski
CS
R
Shays
MFD
Frost
BN
R
Ney
MS
R
Souder
SK
R
King
RP
R
Paul
JI
R
Isakson
SJ
R
Johnson
BS
D
Sherman
DB
R
Bereuter
TT
R
Tiahrt
MU
D
Udall
LS
D
Sánchez5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Business Checking Freedom Act of 2003 - Amends the Federal Reserve Act, the Home Owners' Loan Act, and the Federal Deposit Insurance Act to repeal the prohibition against the payment of interest on demand deposits.
What it does: CRS summary · Introduced in House · Feb 13, 2003
States that specified actions and benefits relating to an escrow account maintained at a depository institution in connection with a real estate transaction shall not be treated as the payment or receipt of interest for purposes of this Act and the other named Acts.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Business Checking Freedom Act of 2003
Latest action (Mar 5, 2003): Subcommittee Hearings Held.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Feb 13, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.