United States · Law · HR
H.R. 4986 (96th)
Depository Institutions Deregulation and Monetary Control Act of 1980
Introduced
27 July 1979
Last action
31 March 1980 · Became law
Status
Public Law 96-221.
Sponsors
Rep. St Germain, Fernand J. [D-RI-1], Rep. Wylie, Chalmers P. [R-OH-15], Rep. Reuss, Henry S. [D-WI-5], Rep. Stanton, J. William [R-OH-11], Rep. Moorhead, William S. [D-PA-14], Rep. Gonzalez, Henry B. [D-TX-20], Rep. Minish, Joseph G. [D-NJ-11], Rep. Hanley, James M. [D-NY-32], Rep. Mitchell, Parren J. [D-MD-7], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Patterson, Jerry M. [D-CA-38], Rep. Blanchard, James [D-MI-18], Rep. LaFalce, John J. [D-NY-29], Rep. Spellman, Gladys Noon [D-MD-5], Rep. Evans, David W. [D-IN-6], Rep. D'Amours, Norman E. [D-NH-1], Rep. Lundine, Stanley N. [D-NY-34], Rep. Cavanaugh, John J. [D-NE-2], Rep. Oakar, Mary Rose [D-OH-20], Rep. Vento, Bruce F. [D-MN-4], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. Watkins, Wes [R-OK-3], Rep. Garcia, Robert [D-NY-18], Rep. Lowry, Mike [D-WA-7], Rep. McKinney, Stewart B. [R-CT-4], Rep. Hansen, George V. [R-ID-2], Rep. Leach, James A. [R-IA-2], Rep. Evans, Thomas B., Jr. [R-DE-At Large], Rep. Green, S. William [R-NY-15], Rep. Paul, Ron [R-TX-14], Rep. Campbell, Carroll A., Jr. [R-SC-4], Rep. Ritter, Don [R-PA-15], Rep. Hinson, Jon C. [R-MS-4], Rep. Rousselot, John H. [R-CA-26], Rep. Beard, Edward [D-RI-2], Rep. Fenwick, Millicent H. [R-NJ-5], Rep. Conyers, John, Jr. [D-MI-13], Sen. Akaka, Daniel K. [D-HI], Rep. Traxler, Bob [D-MI-8], Rep. Heftel, Cecil [D-HI-1], Rep. Whitehurst, G. William [R-VA-2], Rep. Kildee, Dale E. [D-MI-5], Rep. Weaver, James H. [D-OR-4], Rep. Dixon, Julian C. [D-CA-32], Rep. Brown, Clarence, Jr. [R-OH-7], Rep. Gaydos, Joseph M. [D-PA-20], Rep. Neal, Stephen L. [D-NC-5], Rep. Kogovsek, Ray [D-CO-3]
Subjects
Discovery layer
Source updated
14 January 2025
Summary
Consumer Checking Account Equity Act of 1979 - Amends the Federal Reserve Act and the Federal Deposit Insurance Act to authorize member banks in the Federal Reserve System and federally insured nonmember banks to make automatic funds transfers from a savings deposit to a demand deposit pursuant to the written authorization of the depositor to make such transfers in connection with checks or drafts drawn upon the bank. Authorizes federally insured banks and savings and loan associations, State banks and savings and loan associations, savings banks, and mutual savings banks to offer interest-bearing deposits or accounts upon which the depositor may make withdrawals by negotiable instrument for the purpose of making transfers to third parties (NOW accounts). Stipulates that such deposits or accounts may only be held by individuals or nonprofit organizations. Amends the Home Owners' Loan Act of 1933 to permit Federal savings and loan associations and Federal mutual savings banks to establish remote service units pursuant to regulations of the Federal Home Loan Bank Board. Authorizes such associations to extend loans directly related to negotiable order of withdrawal accounts. Amends the Federal Home Loan Bank Act to require any institution which has subscribed for the stock of a Federal Home Loan Bank to maintain reserves against its negotiable order of withdrawal accounts pursuant to regulations prescribed by the Board after consultation with the Board of Governors of the Federal Reserve System. Prescribes the required form of such balances. Amends the Federal Credit Union Act to permit insured credit unions to offer share draft deposits to individuals and nonprofit organizations in accordance with regulations prescribed by the National Credit Union Administration Board. Requires each Federal credit union to maintain reserves against such deposits in amounts and forms prescribed by the Board after consultation with the Board of Governors of the Federal Reserve System.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
27 July 1979
Introduced
Referred to House Committee on Banking, Finance and Urban Affairs.
Source: IntroReferral
27 July 1979
Introduced
Introduced in House
Source: IntroReferral
27 July 1979
Introduced
Introduced in House
Source: IntroReferral
10 September 1979
Floor
Measure called up under motion to suspend rules and pass in House.
Source: Floor
11 September 1979
Vote
Measure passed House, amended, roll call #454 (367-39).
Source: Floor
11 September 1979
Vote
Passed/agreed to in House: Measure passed House, amended, roll call #454 (367-39).
Source: Floor
11 September 1979
Floor
Measure considered in House.
Source: Floor
13 September 1979
Introduced
Referred to Senate Committee on Banking, Housing and Urban Affairs.
Source: IntroReferral
15 October 1979
Reported
Reported to Senate from the Committee on Banking, Housing and Urban Affairs with amendment, S. Rept. 96-368.
Source: Committee
15 October 1979
Reported
Reported to Senate from the Committee on Banking, Housing and Urban Affairs with amendment, S. Rept. 96-368.
Source: Committee
23 October 1979
Floor
Call of calendar in Senate.
Source: Floor
29 October 1979
Floor
Measure considered in Senate.
Source: Floor
31 October 1979
Floor
Measure considered in Senate.
Source: Floor
1 November 1979
Floor
Measure considered in Senate.
Source: Floor
1 November 1979
Vote
Passed/agreed to in Senate: Measure passed Senate, amended, roll call #385 (76-9).
Source: Floor
7 November 1979
ResolvingDifferences
Conference scheduled in House.
Source: ResolvingDifferences
7 November 1979
Passed
House agreed to Senate amendment with an amendment.
Source: ResolvingDifferences
7 November 1979
Passed
Resolving differences -- House actions: House agreed to Senate amendment with an amendment.
Source: NotUsed
28 November 1979
ResolvingDifferences
Conference scheduled in Senate.
Source: ResolvingDifferences
21 March 1980
ResolvingDifferences
Conference report filed in Senate, S. Rept. 96-640.
Source: ResolvingDifferences
21 March 1980
ResolvingDifferences
Conference report filed: Conference report filed in House, H. Rept. 96-842.
Source: ResolvingDifferences
21 March 1980
ResolvingDifferences
Conference report filed in House, H. Rept. 96-842.
Source: ResolvingDifferences
27 March 1980
ResolvingDifferences
Conference report considered in Senate.
Source: ResolvingDifferences
27 March 1980
Vote
House agreed to conference report, roll call #164 (380-13).
Source: ResolvingDifferences
27 March 1980
Vote
Conference report agreed to in House: House agreed to conference report, roll call #164 (380-13).
Source: ResolvingDifferences
28 March 1980
Passed
Conference report agreed to in Senate: Senate agreed to conference report.
Source: ResolvingDifferences
28 March 1980
Floor
Measure presented to President.
Source: Floor
28 March 1980
President
Measure presented to President.
Source: President
28 March 1980
President
Measure enrolled in Senate.
Source: President
28 March 1980
President
Measure enrolled in House.
Source: President
28 March 1980
Passed
Senate agreed to conference report.
Source: ResolvingDifferences
31 March 1980
President
Public Law 96-221.
Source: President
31 March 1980
President
Signed by President.
Source: President
31 March 1980
Became law
Signed by President.
Source: BecameLaw
Votes
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
7 official files
Public Law (PDF)
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Leesvertaling
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Public Law (PDF)
Public Law · EN · 1 April 1980
Conference report filed in House
summary · EN · 21 March 1980
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House agreed to Senate amendment with amendment
summary · EN · 7 November 1979
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Passed Senate amended
summary · EN · 1 November 1979
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Reported to Senate with amendment(s)
summary · EN · 15 October 1979
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Passed House amended
summary · EN · 11 September 1979
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Introduced in House
summary · EN · 27 July 1979
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Sponsors
- Rep. St Germain, Fernand J. [D-RI-1] · D · Sponsor
- Rep. Wylie, Chalmers P. [R-OH-15] · R · Cosponsor
- Rep. Reuss, Henry S. [D-WI-5] · D · Cosponsor
- Rep. Stanton, J. William [R-OH-11] · R · Cosponsor
- Rep. Moorhead, William S. [D-PA-14] · D · Cosponsor
- Rep. Gonzalez, Henry B. [D-TX-20] · D · Cosponsor
- Rep. Minish, Joseph G. [D-NJ-11] · D · Cosponsor
- Rep. Hanley, James M. [D-NY-32] · D · Cosponsor
- Rep. Mitchell, Parren J. [D-MD-7] · D · Cosponsor
- Del. Fauntroy, Walter E. [D-DC-At Large] · D · Cosponsor
- Rep. Patterson, Jerry M. [D-CA-38] · D · Cosponsor
- Rep. Blanchard, James [D-MI-18] · D · Cosponsor
- Rep. LaFalce, John J. [D-NY-29] · D · Cosponsor
- Rep. Spellman, Gladys Noon [D-MD-5] · D · Cosponsor
- Rep. Evans, David W. [D-IN-6] · D · Cosponsor
- Rep. D'Amours, Norman E. [D-NH-1] · D · Cosponsor
- Rep. Lundine, Stanley N. [D-NY-34] · D · Cosponsor
- Rep. Cavanaugh, John J. [D-NE-2] · D · Cosponsor
- Rep. Oakar, Mary Rose [D-OH-20] · D · Cosponsor
- Rep. Vento, Bruce F. [D-MN-4] · D · Cosponsor
- Rep. Barnard, Doug, Jr. [D-GA-10] · D · Cosponsor
- Rep. Watkins, Wes [R-OK-3] · R · Cosponsor
- Rep. Garcia, Robert [D-NY-18] · D · Cosponsor
- Rep. Lowry, Mike [D-WA-7] · D · Cosponsor
- Rep. McKinney, Stewart B. [R-CT-4] · R · Cosponsor
- Rep. Hansen, George V. [R-ID-2] · R · Cosponsor
- Rep. Leach, James A. [R-IA-2] · R · Cosponsor
- Rep. Evans, Thomas B., Jr. [R-DE-At Large] · R · Cosponsor
- Rep. Green, S. William [R-NY-15] · R · Cosponsor
- Rep. Paul, Ron [R-TX-14] · R · Cosponsor
- Rep. Campbell, Carroll A., Jr. [R-SC-4] · R · Cosponsor
- Rep. Ritter, Don [R-PA-15] · R · Cosponsor
- Rep. Hinson, Jon C. [R-MS-4] · R · Cosponsor
- Rep. Rousselot, John H. [R-CA-26] · R · Cosponsor
- Rep. Beard, Edward [D-RI-2] · D · Cosponsor
- Rep. Fenwick, Millicent H. [R-NJ-5] · R · Cosponsor
- Rep. Conyers, John, Jr. [D-MI-13] · D · Cosponsor
- Sen. Akaka, Daniel K. [D-HI] · D · Cosponsor
- Rep. Traxler, Bob [D-MI-8] · D · Cosponsor
- Rep. Heftel, Cecil [D-HI-1] · D · Cosponsor
- Rep. Whitehurst, G. William [R-VA-2] · R · Cosponsor
- Rep. Kildee, Dale E. [D-MI-5] · D · Cosponsor
- Rep. Weaver, James H. [D-OR-4] · D · Cosponsor
- Rep. Dixon, Julian C. [D-CA-32] · D · Cosponsor
- Rep. Brown, Clarence, Jr. [R-OH-7] · R · Cosponsor
- Rep. Gaydos, Joseph M. [D-PA-20] · D · Cosponsor
- Rep. Neal, Stephen L. [D-NC-5] · D · Cosponsor
- Rep. Kogovsek, Ray [D-CO-3] · D · Cosponsor
Showing 48 of 254 sponsors and actors.
Related records
- related to → A resolution waiving certain points of order against the conference report on H.R. 4986, to amend the Federal Reserve Act to authorize the automatic transfer of funds, to authorize negotiable order-of-withdrawal accounts at depository institutions, to authorize federally chartered savings and loan associations to establish remote service units, and to authorize federally insured credit unions to maintain share draft accounts, and for other purposes.
- related to ← Consumer Checking Account Equity Act of 1979
Related across the Repo ecosystem
Direct relationships are identifier-backed. Topic context means shared TopicMembership — not a citation and not causation.
Direct relationships
- Legal framework · Depository Institutions Deregulation and Monetary Control Act of 1980 · H.R. 4986 (96th) · US
- Identifier matchPROJECTS_FROM
Same us record 96-hr-4986 projected from PoliticalRepo US row.
Depository Institutions Deregulation and Monetary Control Act of 1980
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/96th-congress/house-bill/4986
- Open data entity: https://api.congress.gov/v3/bill/96/hr/4986
- us · 96-hr-4986 · source updated 14 January 2025