US Congress House Bill 1419 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on March 10 2009 - 25% progression, died in committee
Action: 2009-03-10 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Freedom to Bank Act - Terminates any provision of federal law (other than the Internal Revenue Code) that subjects a consumer to a penalty for withdrawing or transferring funds from any transaction account or any savings or time deposit. Declares that no creditor, depository institution, or credit union shall be required to provide periodic statements of account to a customer unless the customer has notified it of an election to receive such statements. Requires such entities to establish a procedure for notifying customers of their right to elect to receive statements of account and the method for implementing such election.

Freedom to Bank Act

Rep. Walter Jones [R-NC]

Rep. Ron Paul [R-TX]

Date	Chamber	Action
2009-03-10		Referred to the House Committee on Financial Services.
2009-03-10		Sponsor introductory remarks on measure. (CR E622)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/1419/all-info
Text	https://www.congress.gov/111/bills/hr1419/BILLS-111hr1419ih.pdf