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United States · Bill · HR

H.R. 290 (99th)

Lifeline Banking Act

referredUnited States· United States Congress· EN

Introduced

3 January 1985

Last action

11 February 1985 · Referred

Status

Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

Sponsors

Rep. Collins, Cardiss [D-IL-7], Rep. Stokes, Louis [D-OH-11], Rep. Mitchell, Parren J. [D-MD-7], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Hayes, Charles A. [D-IL-1], Rep. Walgren, Doug [D-PA-18], Rep. Owens, Major R. [D-NY-11], Rep. Weiss, Ted [D-NY-17], Rep. Waxman, Henry A. [D-CA-33], Rep. Dellums, Ronald V. [D-CA-9], Rep. Ackerman, Gary L. [D-NY-5], Sen. Durbin, Richard J. [D-IL], Rep. Wise, Robert E., Jr. [D-WV-2]

Subjects

Discovery layer

Source updated

29 August 2025

Official sourceView documentsShare

Summary

Lifeline Banking Act - Requires a depository institution, before opening any account or offering any service to a potential customer, to provide a written statement specifying: (1) all services offered; (2) the terms and conditions on which such services are offered; and (3) the fees charged for such services. Requires each depository institution, not less than once a year, to mail a written statement to each of its customers containing such information. Requires each appropriate Federal banking agency to prescribe regulations necessary to carry out the provisions of this Act. Requires each appropriate Federal banking agency, not later than six months after the date of the enactment of this Act, to report to the Congress about services offered by depository institutions and the costs involved. Specifies the information to be included in such reports. Provides for administrative enforcement of the requirements imposed by this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 3 January 1985

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 3 January 1985

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 January 1985

    Introduced

    Referred to House Committee on Banking, Finance and Urban Affairs.

    Source: IntroReferral

  4. 11 February 1985

    Referred

    Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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