Banking Equal Treatment Act of 2000

Summary

Banking Equal Treatment Act of 2000 - Amends the Federal Reserve Act to authorize: (1) a Federal reserve bank to pay interest on earnings at least quarterly on depository institution balances maintained at a Federal reserve bank; and (2) the Board of Governors of the Federal Reserve System to prescribe implementing regulations. Requires the Federal reserve banks to transfer specified surplus funds to the Board for transfer to the Secretary of the Treasury for deposit in the general fund of the Treasury for FY 2001 through 2005. Prohibits replenishment of the surplus fund during the fiscal year for which such transfer is made. Mandates that each insured depository institution make available to consumers a consumer transaction account to be known as an "affordable transaction account". Sets forth operational parameters to be prescribed by the Board.

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

Timeline

1. 11 May 2000

   Introduced

   Referred to the House Committee on Banking and Financial Services.

   Source: IntroReferral

2. 11 May 2000

   Referred

   Referred to the Subcommittee on Financial Institutions and Consumer Credit.

   Source: Committee

3. 11 May 2000

   Introduced

   Sponsor introductory remarks on measure. (CR E713-714)

   Source: IntroReferral

4. 11 May 2000

   Introduced

   Introduced in House

   Source: IntroReferral

5. 11 May 2000

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 11 May 2000 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 May 2000

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 May 2000

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 11 May 2000

  Open at official source

Sponsors

• Rep. LaFalce, John J. [D-NY-36] · D · Sponsor
• Maxine Waters · D · Sponsor
• CAROLYN MALONEY · D · Sponsor
• LUIS GUTIERREZ · D · Sponsor
• Rep. Meeks, Gregory W. [D-NY-5] · D · Sponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Rep. Jones, Stephanie Tubbs [D-OH-11] · D · Cosponsor
• Rep. Carson, Julia [D-IN-7] · D · Cosponsor
• · hsba00 · Standing

Related records

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