HR 1057
107th Congress
House
Finance and Financial Sector
Alternative dispute resolution
Bank accounts
Bank deposits
Civil actions and liability
Class actions (Civil procedure)
Commerce
Commercial arbitration
Consumer education
Consumer protection
Contracts
Damages
District courts
Federal preemption
Federal-state relations
Government Operations and Politics
Government paperwork
Injunctions
Interest rates
Law
Truth in Savings Enhancement Act of 2001
Introduced: March 15, 2001
See on congress.gov
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
Plain-English summary
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.
What's happening now
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committees of jurisdiction
2