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HR 1057 107th Congress House

Truth in Savings Enhancement Act of 2001

Official title: To amend the Truth in Savings Act to enhance civil liability and other enforcement, and for other purposes.

Introduced: March 15, 2001 See on congress.gov
Finance and Financial Sector Alternative dispute resolutionBank accountsBank depositsCivil actions and liability
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Class actions (Civil procedure)CommerceCommercial arbitrationConsumer educationConsumer protectionContractsDamagesDistrict courtsFederal preemptionFederal-state relationsGovernment Operations and PoliticsGovernment paperworkInjunctionsInterest ratesLaw
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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
Truth in Savings Enhancement Act of 2001 - Amends the Truth in Savings Act (TSA) to authorize State authorities to bring an action in a U.S. district court for injunctive relief to enforce compliance with its disclosure requirements for interest rates and fees on depository institution accounts.

Amends the Omnibus Consolidated Appropriations Act, 1997 to repeal its repeal of the civil liability provisions of the TSA (thus reinstating civil liability sanctions with respect to non-compliant depository institutions).

Revises the statute of limitations for civil actions against non-compliant depository institutions to allow it to run for one year from the later of the date the violation occurred (as under current law) or the date on which the customer first learned, or reasonably should have learned, based on all facts and information available to the public, of the violation.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2
D
Davis, Danny K.
Illinois · Apr 3, 2001
 D
Schakowsky, Janice D.
Illinois · Mar 15, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1057: Truth in Savings Enhancement Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1057/
MLA
"H.R. 1057: Truth in Savings Enhancement Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1057/.
Bluebook (legal)
H.R. 1057, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1057/.
Markdown link
[H.R. 1057: Truth in Savings Enhancement Act of 2001](https://openamerica.io/bill/107-HR-1057/)
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