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H.R. 4067 106th Congress House

Business Checking Modernization Act

Official title: To repeal the prohibition on the payment of interest on demand deposits, and for other purposes.

Introduced: March 23, 2000 See on congress.gov
Finance and Financial Sector Bank depositsBank reservesChecking accountsCommerce
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Corporate financeDividendsInterestMonetary policyMoney supplySavings accountsSavings and loan associations
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 12, 2000
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 11, 2000
Motion to reconsider laid on the table Agreed to without objection.
Apr 11, 2000
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2076)
Apr 11, 2000
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H2076)
Apr 11, 2000
DEBATE - The House proceeded with forty minutes of debate on H.R. 4067.
Apr 11, 2000
Considered under suspension of the rules. (consideration: CR H2076-2079)
Apr 11, 2000
Mr. Leach moved to suspend the rules and pass the bill, as amended.
Apr 11, 2000
Placed on the Union Calendar, Calendar No. 313.
Apr 11, 2000
Reported (Amended) by the Committee on Banking and Financial Services. H. Rept. 106-568.
Mar 29, 2000
Ordered to be Reported (Amended) by Voice Vote.
Mar 29, 2000
Committee Consideration and Mark-up Session Held.
Mar 23, 2000
Referred to the House Committee on Banking and Financial Services.
Mar 23, 2000
Introduced in House
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 Latest action April 12, 2000

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service
Business Checking Modernization Act - 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 by banks or Federal savings associations subject to their supervision.
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4067: Business Checking Modernization Act. 106th Congress. Open America. https://openamerica.io/bill/106-HR-4067/
MLA
"H.R. 4067: Business Checking Modernization Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-4067/.
Bluebook (legal)
H.R. 4067, 106th Cong. (2026), https://openamerica.io/bill/106-HR-4067/.
Markdown link
[H.R. 4067: Business Checking Modernization Act](https://openamerica.io/bill/106-HR-4067/)
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