HR 15654 · 94th Congress · Finance and Financial Sector

A bill to amend Public Law 93-100 to eliminate the prohibition on depository institutions situated in New York and New Jersey from offering negotiable order of withdrawal accounts.

Introduced 1976-09-21· Sponsored by Rep. St Germain, Fernand J. [D-RI-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Currency and Housing.(1976-09-21)

Plain Language Summary

[AI summary unavailable — showing source text] Exempts depository institutions situated in New York and New Jersey from the prohibition against offering interest on dividend-paying accounts, from which the owner may make withdrawals by negotiable or transferable instruments for the purpose of making transfers to third parties.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Democrats
Rep. Hanley, James M. [D-NY-32]NY
Rep. LaFalce, John J. [D-NY-36]