United States · Bill · HR
H.R. 3864 (96th)
Consumer Checking Account Equity Act of 1979
Introduced
1 May 1979
Last action
—
Status
Referred to House Committee on Banking, Finance and Urban Affairs.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Consumer Checking Account Equity Act of 1979 - Amends the Federal Reserve Act to repeal the prohibition on the payment of interest on demand deposits. Allows federally insured savings and loan associations regulated by the Federal Deposit Insurance Corporation and the Federal Home Loan Bank Board or the Federal Savings and Loan Insurance Corporation and insured credit unions regulated by the National Credit Union Board to receive demand deposits.
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Votes
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 1 May 1979
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/house-bill/3864
- Open data entity: https://api.congress.gov/v3/bill/96/hr/3864