HR 4209 · 106th Congress · Finance and Financial Sector
Bank Reserves Modernization Act of 2000
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 580.(2000-10-17)
Plain Language Summary
[AI summary unavailable — showing source text]
Bank Reserves Modernization Act of 2000 - Amends the Federal Reserve Act to declare that depository institution balances maintained at a Federal reserve bank may receive earnings to be paid by the Federal reserve bank at least once each calendar quarter. Authorizes the Board of Governors of the Federal Reserve System to prescribe implementing regulations.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4209, Bank Reserves Modernization Act of 2000
Oct 6, 2000Cost estimate for the bill as ordered reported by the House Committee on Banking and Financial Services on May 17, 2000
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office