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United States · Bill · HR

H.R. 3077 (112th)

Freedom and Mobility in Consumer Banking Act

referredUnited States· United States Congress· EN

Introduced

3 October 2011

Last action

21 October 2011 · Referred

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Rep. Miller, Brad [D-NC-13], Rep. Ellison, Keith [D-MN-5], Rep. McDermott, Jim [D-WA-7], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Conyers, John, Jr. [D-MI-13], Rep. Blumenauer, Earl [D-OR-3], Rep. Capuano, Michael E. [D-MA-8], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Price, David E. [D-NC-4], Rep. Jackson, Jesse L., Jr. [D-IL-2], Rep. Woolsey, Lynn C. [D-CA-6], Rep. DeFazio, Peter A. [D-OR-4], Rep. Rothman, Steven R. [D-NJ-9], Rep. Waters, Maxine [D-CA-43], Rep. Lee, Barbara [D-CA-12], Rep. Visclosky, Peter J. [D-IN-1], Rep. Payne, Donald M. [D-NJ-10], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Cicilline, David N. [D-RI-1], Rep. Moran, James P. [D-VA-8], Rep. Chu, Judy [D-CA-28], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Tierney, John F. [D-MA-6], Rep. Pingree, Chellie [D-ME-1], Rep. Lofgren, Zoe [D-CA-18], Rep. Hinchey, Maurice D. [D-NY-22], Del. Christensen, Donna M. [D-VI-At Large], Rep. Jackson Lee, Sheila [D-TX-18], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Davis, Susan A. [D-CA-53], Rep. Honda, Michael M. [D-CA-15], Sen. Luján, Ben Ray [D-NM], Rep. Filner, Bob [D-CA-51]

Subjects

Discovery layer

Source updated

14 August 2025

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Summary

Freedom and Mobility in Consumer Banking Act - Amends the Federal Deposit Insurance Act (FDIA) to prohibit an insured depository institution from: (1) prohibiting any person from closing a checking or savings account, regardless of its balance; or (2) charging a fee to close such an account. Requires a depository institution to close an account within 48 hours after receiving a request from the customer to do so. Permits an account holder to request that the account be closed in person, over the phone, or by other electronic or remote means, as may be prescribed by regulation. Sets forth financial institution procedures for closing large accounts and repaying balances, as well as notice and opportunity for accountholder repayment of overdrafts. Prohibits a depository institution from: (1) imposing fees or charges after receiving a request to close an account, or (2) reopening an account without express account holder request.

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

Timeline

  1. 3 October 2011

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 3 October 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 October 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 21 October 2011

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 3 October 2011

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 3 October 2011

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 3 October 2011

    Open at official source

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Sponsors

Related records

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Sources

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