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United States · Bill · HR

H.R. 5232 (98th)

Truth in Savings Act

openUnited States· United States Congress· EN

Introduced

22 March 1984

Last action

8 August 1984 · Committee

Status

Subcommittee Hearings Held.

Sponsors

Rep. Lehman, Richard H. [D-CA-19], Rep. Annunzio, Frank [D-IL-11], Rep. LaFalce, John J. [D-NY-29], Rep. Neal, Stephen L. [D-NC-5], Sen. Schumer, Charles E. [D-NY], Rep. Lundine, Stanley N. [D-NY-34], Rep. Torres, Esteban Edward [D-CA-34], Rep. Kaptur, Marcy [D-OH-9], Rep. Edwards, Don [D-CA-10], Rep. Stark, Fortney Pete [D-CA-13], Rep. Matsui, Robert T. [D-CA-5], Rep. Mineta, Norman Y. [D-CA-15], Sen. Boxer, Barbara [D-CA], Rep. Berman, Howard L. [D-CA-28], Rep. Dixon, Julian C. [D-CA-32], Rep. Dellums, Ronald V. [D-CA-9], Rep. Levine, Mel [D-CA-27], Rep. Wise, Robert E., Jr. [D-WV-2], Rep. Martinez, Matthew G. [D-CA-31], Rep. Waxman, Henry A. [D-CA-33], Rep. Burton, Sala [D-CA-5], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Moody, Jim [D-WI-5], Rep. Bates, Jim [D-CA-44], Rep. Vento, Bruce F. [D-MN-4], Rep. Wortley, George C. [R-NY-27], Rep. Owens, Major R. [D-NY-11], Rep. Dymally, Mervyn M. [D-CA-31], Rescom. Corrada, Baltasar [I-PR-At Large], Rep. Hoyer, Steny H. [D-MD-5], Rep. Eckart, Dennis E. [D-OH-11], Rep. Towns, Edolphus [D-NY-10], Rep. Rangel, Charles B. [D-NY-15], Rep. Wheat, Alan [D-MO-5], Rep. Stokes, Louis [D-OH-11], Rep. Mitchell, Parren J. [D-MD-7], Rep. Leland, Mickey [D-TX-18], Rep. Mavroules, Nicholas [D-MA-6], Rep. Horton, Frank J. [R-NY-29], Rep. Bryant, John W. [D-TX-5], Rep. St Germain, Fernand J. [D-RI-1], Rep. Roybal, Edward R. [D-CA-25], Rep. McKinney, Stewart B. [R-CT-4], Rep. Frost, Martin [D-TX-24], Rep. Dyson, Roy [D-MD-1], Rep. Collins, Cardiss [D-IL-7], Rep. Scheuer, James H. [D-NY-8], Rep. Ackerman, Gary L. [D-NY-5]

Subjects

Discovery layer

Source updated

29 August 2025

Official sourceView documentsShare

Summary

Truth in Savings Act - Requires each advertisement, announcement, or solicitation made by any depository institution regarding the rate of interest payable on any deposit to: (1) state the annual percentage yield and the method of compounding interest; (2) state the annual rate of simple interest for the period during which such rate will be effective; and (3) give equal prominence to all annual percentage yields and annual rates of simple interest. Requires the annual percentage yield to always be stated before the annual rate of simple interest. Requires the Board of Governors of the Federal Reserve System to prescribe such regulations as necessary to carry out and facilitate compliance with the provisions of this Act and to prevent their evasion or circumvention.

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

Timeline

  1. 22 March 1984

    Introduced

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

    Source: IntroReferral

  2. 22 March 1984

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 22 March 1984

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 3 April 1984

    Referred

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

    Source: Committee

  5. 8 August 1984

    Committee

    Subcommittee Hearings Held.

    Source: Committee

Votes

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Versions

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Documents

1 official file

Leesvertaling

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Sponsors

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Related records

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Sources

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