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HR 5460 116th Congress House Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Federal Reserve System

To direct the Board of Governors of the Federal Reserve System to revise the transfers and withdrawals limit with respect to savings deposits and transaction accounts, and for other purposes.

Introduced: December 17, 2019 Introduced by: Perry, Scott Republican · Pennsylvania See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2019
Referred to the House Committee on Financial Services.
Dec 17, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

This bill directs the Federal Reserve Board to increase (1) the number of transfers and withdrawals permitted for savings deposit accounts, and (2) the withdrawal threshold for transaction accounts.

What's happening now December 17, 2019

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 5460: To direct the Board of Governors of the Federal Reserve System to revise the transfers and withdrawals limit with respect to savings deposits and transaction accounts, and for other purposes.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-5460/
MLA
"H.R. 5460: To direct the Board of Governors of the Federal Reserve System to revise the transfers and withdrawals limit with respect to savings deposits and transaction accounts, and for other purposes.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-5460/.
Bluebook (legal)
H.R. 5460, 116th Cong. (2026), https://openamerica.io/bill/116-HR-5460/.
Markdown link
[H.R. 5460: To direct the Board of Governors of the Federal Reserve System to revise the transfers and withdrawals limit with respect to savings deposits and transaction accounts, and for other purposes.](https://openamerica.io/bill/116-HR-5460/)
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