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United States · Bill · HR

H.R. 859 (108th)

Business Checking Freedom Act of 2003

openUnited States· United States Congress· EN

Introduced

13 February 2003

Last action

5 March 2003 · Referred

Status

Subcommittee Hearings Held.

Sponsors

Sen. Toomey, Patrick [R-PA], Rep. Kanjorski, Paul E. [D-PA-11], Rep. Biggert, Judy [R-IL-13], Rep. Gonzalez, Charles A. [D-TX-20], Rep. Shays, Christopher [R-CT-4], Rep. Hooley, Darlene [D-OR-5], Rep. Ney, Robert W. [R-OH-18], Rep. Frost, Martin [D-TX-24], Rep. Souder, Mark E. [R-IN-3], Rep. Paul, Ron [R-TX-14], Rep. King, Steve [R-IA-4], Rep. Johnson, Sam [R-TX-3], Sen. Isakson, Johnny [R-GA], Rep. Sherman, Brad [D-CA-32], Rep. Bereuter, Doug [R-NE-1], Rep. Tiahrt, Todd [R-KS-4], Sen. Udall, Mark [D-CO], Rep. Sánchez, Linda T. [D-CA-38]

Subjects

Discovery layer

Source updated

18 August 2025

Summary

Business Checking Freedom Act of 2003 - Amends the Federal Reserve Act, the Home Owners' Loan Act, and the Federal Deposit Insurance Act to repeal the prohibition against the payment of interest on demand deposits. States that specified actions and benefits relating to an escrow account maintained at a depository institution in connection with a real estate transaction shall not be treated as the payment or receipt of interest for purposes of this Act and the other named Acts.

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

Timeline

  1. 13 February 2003

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 13 February 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 February 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 5 March 2003

    Committee

    Subcommittee Hearings Held.

    Source: Committee

  5. 5 March 2003

    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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Leesvertaling

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  • Introduced in House (text)

    Introduced in House · EN · 13 February 2003

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 13 February 2003

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 13 February 2003

    Open at official source

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Sponsors

Related records

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Sources

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