House
Apr 2, 2003Business Checking Freedom Act of 2003
Summary
Official
Business Checking Freedom Act of 2003 - Amends Federal law to authorize interest-bearing transaction accounts for all businesses, permitting up to 24 transfers per month (or any greater number the Federal Reserve Board may determine) to another account of the owner in the same institution. Authorizes the payment of interest by a Federal reserve bank at least quarterly on balances maintained...
Bill Progress
Passed House, sent to Senate
Introduced(2/13/03)
Committee
Passed
House
Passed
Senate
President
Law
Sponsor
SK
Mr. KELLY
(R) NY – 19
Cosponsors (5)
Topics
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 2, 2003
View Bill on Congress.gov