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Consumer Affordable Transaction Account Act of 2001

Introduced: March 15, 2001 See on congress.gov
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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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 Plain-English summary Congressional Research Service
Consumer Affordable Transaction Account Act of 2001 - Requires each insured depository institution to make available to consumers an "affordable transaction account" containing specified features to be prescribed jointly by the Federal banking agencies, including at least eight free withdrawals per month.

Prohibits the imposition of fees upon such account holders which are discriminatory in nature. Authorizes alternative account arrangements.

Requires notice of availability of affordable transaction accounts to be posted upon the premises in the same manner as the depository institution posts notice of its other account products.

Mandates depository institution compliance with more stringent State law where applicable.

What's happening now March 26, 2001

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 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. 1059: Consumer Affordable Transaction Account Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1059/
MLA
"H.R. 1059: Consumer Affordable Transaction Account Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1059/.
Bluebook (legal)
H.R. 1059, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1059/.
Markdown link
[H.R. 1059: Consumer Affordable Transaction Account Act of 2001](https://openamerica.io/bill/107-HR-1059/)
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