Skip to main content
HR 4427 106th Congress House

Banking Equal Treatment Act of 2000

Official title: To amend the Federal Reserve Act to require the payment of interest on reserves maintained at Federal reserve banks by insured depository institutions that mak… Show full official titleShow less

Official title: To amend the Federal Reserve Act to require the payment of interest on reserves maintained at Federal reserve banks by insured depository institutions that make affordable transaction accounts available to their customers, and for other purposes.

Introduced: May 11, 2000 See on congress.gov
Finance and Financial Sector Administrative procedureBank accountsBank depositsBank reserves
More subjectsShow fewer subjects
Checking accountsCommerceConsumer educationDepartment of the TreasuryElectronic funds transfersFederal Deposit Insurance CorporationFederal Reserve SystemFeesGovernment Operations and PoliticsGovernment corporationsInterestLawNOW accountsNational Credit Union AdministrationResidence requirements
Sign in to write a letter Sign in to watch
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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 11, 2000
Referred to the House Committee on Banking and Financial Services.
May 11, 2000
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
May 11, 2000
Sponsor introductory remarks on measure. (CR E713-714)
May 11, 2000
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action May 11, 2000

Referred to the House Committee on Banking and Financial Services.

 Plain-English summary Congressional Research Service
Banking Equal Treatment Act of 2000 - Amends the Federal Reserve Act to authorize: (1) a Federal reserve bank to pay interest on earnings at least quarterly on depository institution balances maintained at a Federal reserve bank; and (2) the Board of Governors of the Federal Reserve System to prescribe implementing regulations.

Requires the Federal reserve banks to transfer specified surplus funds to the Board for transfer to the Secretary of the Treasury for deposit in the general fund of the Treasury for FY 2001 through 2005. Prohibits replenishment of the surplus fund during the fiscal year for which such transfer is made.

Mandates that each insured depository institution make available to consumers a consumer transaction account to be known as an "affordable transaction account". Sets forth operational parameters to be prescribed by the Board.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3
D
Meeks, Gregory W.
New York · May 11, 2000
 D
Schakowsky, Janice D.
Illinois · May 11, 2000
 D
Waters, Maxine
California · May 11, 2000
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4427: Banking Equal Treatment Act of 2000. 106th Congress. Open America. https://openamerica.io/bill/106-HR-4427/
MLA
"H.R. 4427: Banking Equal Treatment Act of 2000." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-4427/.
Bluebook (legal)
H.R. 4427, 106th Cong. (2026), https://openamerica.io/bill/106-HR-4427/.
Markdown link
[H.R. 4427: Banking Equal Treatment Act of 2000](https://openamerica.io/bill/106-HR-4427/)
Report a problem