Business Checking Freedom Act of 2003

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

• Introduced in House · 13 February 2003 · Official file

Documents

3 official files

• 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

• Introduced in House

  summary · EN · 13 February 2003

  Open at official source

Sponsors

• Sen. Toomey, Patrick [R-PA] · R · Sponsor
• Rep. Kanjorski, Paul E. [D-PA-11] · D · Sponsor
• Rep. Biggert, Judy [R-IL-13] · R · Sponsor
• Rep. Gonzalez, Charles A. [D-TX-20] · D · Sponsor
• Rep. Shays, Christopher [R-CT-4] · R · Sponsor
• Rep. Hooley, Darlene [D-OR-5] · D · Sponsor
• Rep. Ney, Robert W. [R-OH-18] · R · Cosponsor
• Rep. Frost, Martin [D-TX-24] · D · Cosponsor
• Rep. Souder, Mark E. [R-IN-3] · R · Cosponsor
• Rep. Paul, Ron [R-TX-22] · R · Cosponsor
• Steve King · R · Cosponsor
• SAM JOHNSON · R · Cosponsor
• Sen. Isakson, Johnny [R-GA] · R · Cosponsor
• Brad Sherman · D · Cosponsor
• Rep. Bereuter, Doug [R-NE-1] · R · Cosponsor
• Rep. Tiahrt, Todd [R-KS-4] · R · Cosponsor
• Sen. Udall, Mark [D-CO] · D · Cosponsor
• Linda Sánchez · D · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.