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HR 290 99th Congress House Finance and Financial Sector Administrative fees Bank accounts Bank deposits Consumer credit Consumer education Consumer protection

Lifeline Banking Act

Introduced: January 3, 1985 See on congress.gov
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This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) 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
Feb 11, 1985
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Jan 3, 1985
Referred to House Committee on Banking, Finance and Urban Affairs.
Jan 3, 1985
Introduced in House
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 Plain-English summary Congressional Research Service

Lifeline Banking Act - Requires a depository institution, before opening any account or offering any service to a potential customer, to provide a written statement specifying: (1) all services offered; (2) the terms and conditions on which such services are offered; and (3) the fees charged for such services.

Requires each depository institution, not less than once a year, to mail a written statement to each of its customers containing such information.

Requires each appropriate Federal banking agency to prescribe regulations necessary to carry out the provisions of this Act. Requires each appropriate Federal banking agency, not later than six months after the date of the enactment of this Act, to report to the Congress about services offered by depository institutions and the costs involved. Specifies the information to be included in such reports.

Provides for administrative enforcement of the requirements imposed by this Act.

What's happening now February 11, 1985

Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · Feb 26, 1985
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 290: Lifeline Banking Act. 99th Congress. Open America. https://openamerica.io/bill/99-HR-290/
MLA
"H.R. 290: Lifeline Banking Act." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-HR-290/.
Bluebook (legal)
H.R. 290, 99th Cong. (2026), https://openamerica.io/bill/99-HR-290/.
Markdown link
[H.R. 290: Lifeline Banking Act](https://openamerica.io/bill/99-HR-290/)
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