United States · Bill · S
S. 1668 (95th)
A bill to provide for equitable regulation of savings accounts used to make payments to third parties.
Introduced
9 June 1977
Last action
—
Status
Referred to Senate Committee on Banking, Housing and Urban Affairs.
Sponsors
—
Subjects
Discovery layer
Source updated
14 January 2025
Summary
Permits depository institutions to pay interest on accounts from which transfers to third parties may be made subject to specified conditions. Amends the Federal Reserve Act to make changes with respect to reserve requirements. Amends the Federal Deposit Insurance Act to transfer to the Federal Reserve Board all rule-making authority over payment and advertising of interest on third party payment accounts at nonmember insured banks. Amends the Federal Credit Union Act to authorize Federal credit unions to offer interest-bearing NOW accounts. Extends the authority of the Federal Home Loan Bank Board, the Federal Deposit Insurance Corporation, and the Federal Reserve Board to set interest rate limits.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 9 June 1977
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/95th-congress/senate-bill/1668
- Open data entity: https://api.congress.gov/v3/bill/95/s/1668