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HR 1009 107th Congress House

Business Checking Freedom Act of 2002

Official title: To repeal the prohibition on the payment of interest on demand deposits.

Introduced: March 19, 2001 See on congress.gov
Finance and Financial Sector Automated teller machinesBank depositsBank reservesChecking accounts
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CommerceCongressCongressional reporting requirementsCorporate financeCredit cardsDividendsElectronic funds transfersFederal Reserve SystemFeesFinance chargesGovernmental investigationsHousing and Community DevelopmentInterestInterest ratesNOW accounts
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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 16 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 2002
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 344.
Apr 12, 2002
Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Apr 10, 2002
Received in the Senate.
Apr 9, 2002
Motion to reconsider laid on the table Agreed to without objection.
Apr 9, 2002
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1107-1108)
Apr 9, 2002
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H1107-1108)
Apr 9, 2002
DEBATE - The House proceeded with forty minutes of debate on H.R. 1009.
Apr 9, 2002
Considered under suspension of the rules. (consideration: CR H1107-1111)
Apr 9, 2002
Mr. Toomey moved to suspend the rules and pass the bill, as amended.
Mar 28, 2001
The committee laid the measure on the table by unanimous consent.
Mar 28, 2001
Committee Consideration and Mark-up Session Held.
Mar 21, 2001
Forwarded by Subcommittee to Full Committee by Voice Vote.
Mar 21, 2001
Subcommittee Consideration and Mark-up Session Held.
Mar 20, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mar 13, 2001
Referred to the House Committee on Financial Services.
Mar 13, 2001
Introduced in House
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 Latest action April 15, 2002

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 344.

 Plain-English summary Congressional Research Service
Business Checking Freedom Act of 2001 - 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.
 Bill text 3 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Republican 1
BEREUTER, DOUGLAS
· Mar 19, 2001
 R
Capito, Shelley Moore
West Virginia · Mar 13, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1009: Business Checking Freedom Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1009/
MLA
"H.R. 1009: Business Checking Freedom Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1009/.
Bluebook (legal)
H.R. 1009, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1009/.
Markdown link
[H.R. 1009: Business Checking Freedom Act of 2002](https://openamerica.io/bill/107-HR-1009/)
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