United States · Bill · HR
H.R. 1095 (112th)
Freedom to Bank Act
Introduced
15 March 2011
Last action
—
Status
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Sponsors
—
Subjects
Discovery layer
Source updated
14 August 2025
Summary
Freedom to Bank Act - Terminates any provision of federal law (other than the Internal Revenue Code) that subjects a consumer to a penalty for withdrawing or transferring funds from any transaction account or any savings or time deposit. Declares that no creditor, depository institution, or credit union shall be required to provide periodic statements of account to a customer unless the customer has notified it of an election to receive such statements. Requires such entities to establish a procedure for notifying customers of their right to elect to receive statements of account and the method for implementing such election.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 15 March 2011
Introduced in House (PDF)
Introduced in House · EN · 15 March 2011
Introduced in House
summary · EN · 15 March 2011
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/112th-congress/house-bill/1095
- Open data entity: https://api.congress.gov/v3/bill/112/hr/1095