House
Apr 2, 2003

Business 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...

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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