HR 4067 · 106th Congress · Finance and Financial Sector
Business Checking Modernization Act
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2000-04-12)
Plain Language Summary
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Business Checking Modernization Act - 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 by banks or Federal savings associations subject to their supervision.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4067, Business Checking Modernization Act
Apr 10, 2000Cost estimate for the bill as ordered reported by the House Committee on Banking and Financial Services on March 29, 2000
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (4)
2 Democrats2 Republicans