S 2927 · 96th Congress · Finance and Financial Sector

A bill to prescribe an interest rate differential on deposits and accounts in insured banks and savings institutions.

Introduced 1980-07-02· Sponsored by Sen. Morgan, Robert B. [D-NC]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1980-07-02)

Plain Language Summary

[AI summary unavailable — showing source text] Provides for decreasing interest rate differentials between deposits or accounts in insured banks and those in savings and loan institutions. Prescribes maximum rates for savings and loan accounts in excess of 0.25 percent of the maximum rates for bank accounts decreasing to 0.05 percent until June 30, 1985.…

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

Cosponsors (11)

6 Democrats5 Republicans