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HR 1048 107th Congress House

Small Business Banking Improvement Act

Official title: To facilitate transfers between interest-bearing accounts and transactions accounts at depository institutions for small businesses.

Introduced: May 8, 2001 See on congress.gov
Finance and Financial Sector Bank depositsChecking accountsCommerceCorporate finance
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DividendsInterestNOW accountsSavings 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mar 15, 2001
Referred to the House Committee on Financial Services.
Mar 15, 2001
Introduced in House
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 Latest action March 26, 2001

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service
Small Business Banking Improvement Act - Amends Federal banking law governing interaccount transfers to provide that a depository institution may permit owners of certain interest- or dividend-paying accounts to make up to 24 transfers monthly for any purpose to their other accounts in the same institution.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 3
HOEFFEL, JOSEPH
· May 8, 2001
 D
McGovern, James P.
Massachusetts · May 8, 2001
 D
Schakowsky, Janice D.
Illinois · May 8, 2001
 D
Waters, Maxine
California · May 8, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1048: Small Business Banking Improvement Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1048/
MLA
"H.R. 1048: Small Business Banking Improvement Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1048/.
Bluebook (legal)
H.R. 1048, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1048/.
Markdown link
[H.R. 1048: Small Business Banking Improvement Act](https://openamerica.io/bill/107-HR-1048/)
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