To direct the Board of Governors of the Federal Reserve System to revise the transfers and withdrawals limit with respect to savings deposits and transaction accounts, and for other purposes.

Fact Sheet API

Bill Number

HR 5460

Introduced

Dec 17, 2019

Latest Action

Referred to the House Committee on Financial Services.

Sponsor

Cosponsors

Topics

Administrative law and regulatory procedures Bank accounts, deposits, capital Federal Reserve System Finance and Financial Sector

Full Text

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Votes

Summary

This bill directs the Federal Reserve Board to increase (1) the number of transfers and withdrawals permitted for savings deposit accounts, and (2) the withdrawal threshold for transaction accounts.

Actions

Dec 17, 2019

Referred to the House Committee on Financial Services.
Dec 17, 2019

Introduced in House

Amendments

Related Bills