legislation: 104-hr-3993

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
104-hr-3993 104 hr 3993 Small Business Banking Act of 1996 Finance and Financial Sector 1996-08-02 1996-08-23 Referred to the Subcommittee on Financial Institutions and Consumer Credit. House Rep. Metcalf, Jack [R-WA-2] WA R M000669 5 Small Business Banking Act of 1996 - Amends the Federal Deposit Insurance Act (FDIA) to authorize any depository institution to permit an owner to make withdrawals by negotiable or transferable instrument from any interest-bearing or dividend bearing account in order to make payments to third parties (currently such withdrawals are permissible only for specified deposits). Amends the Federal Reserve Act, the Home Owners' Loan Act, and the FDIA to repeal the proscription against the payment of interest on demand deposits. 2025-08-21T20:15:57Z  

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