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HR 859 108th Congress House Finance and Financial Sector Bank accounts Bank deposits Commerce Dividends Housing and Community Development Interest Real estate business Savings and loan associations

Business Checking Freedom Act of 2003

Introduced: February 13, 2003 See on congress.gov
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 5, 2003
Subcommittee Hearings Held.
Mar 5, 2003
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Feb 13, 2003
Referred to the House Committee on Financial Services.
Feb 13, 2003
Introduced in House
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 Plain-English summary Congressional Research Service
Business Checking Freedom Act of 2003 - 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.

States that specified actions and benefits relating to an escrow account maintained at a depository institution in connection with a real estate transaction shall not be treated as the payment or receipt of interest for purposes of this Act and the other named Acts.

What's happening now March 5, 2003

Subcommittee Hearings Held.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 2
D
Sánchez, Linda T.
California · May 1, 2003
TIAHRT, TODD
· Mar 27, 2003
 D
Sherman, Brad
California · Mar 6, 2003
KANJORSKI, PAUL
· Feb 13, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 859: Business Checking Freedom Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-859/
MLA
"H.R. 859: Business Checking Freedom Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-859/.
Bluebook (legal)
H.R. 859, 108th Cong. (2026), https://openamerica.io/bill/108-HR-859/.
Markdown link
[H.R. 859: Business Checking Freedom Act of 2003](https://openamerica.io/bill/108-HR-859/)
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