US Congress House Bill 3077 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 33-0)
Status: Introduced on October 3 2011 - 25% progression, died in committee
Action: 2011-10-21 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Pending: House Subcommittee on Financial Institutions and Consumer Credit Committee
Text: Latest bill text (Introduced) [PDF]

Freedom and Mobility in Consumer Banking Act - Amends the Federal Deposit Insurance Act (FDIA) to prohibit an insured depository institution from: (1) prohibiting any person from closing a checking or savings account, regardless of its balance; or (2) charging a fee to close such an account. Requires a depository institution to close an account within 48 hours after receiving a request from the customer to do so. Permits an account holder to request that the account be closed in person, over the phone, or by other electronic or remote means, as may be prescribed by regulation. Sets forth financial institution procedures for closing large accounts and repaying balances, as well as notice and opportunity for accountholder repayment of overdrafts. Prohibits a depository institution from: (1) imposing fees or charges after receiving a request to close an account, or (2) reopening an account without express account holder request.

Freedom and Mobility in Consumer Banking Act

Rep. Brad Miller [D-NC]	Rep. Earl Blumenauer [D-OR]	Rep. Michael Capuano [D-MA]	Rep. Donna Christensen [D-VI]
Rep. Judy Chu [D-CA]	Rep. David Cicilline [D-RI]	Rep. John Conyers [D-MI]	Rep. Susan Davis [D-CA]
Rep. Peter DeFazio [D-OR]	Rep. Keith Ellison [D-MN]	Rep. Bob Filner [D-CA]	Rep. Raul Grijalva [D-AZ]
Rep. Luis Gutierrez [D-IL]	Rep. Maurice Hinchey [D-NY]	Rep. Michael Honda [D-CA]	Rep. Sheila Jackson-Lee [D-TX]
Rep. Jesse Jackson [D-IL]	Rep. Barbara Lee [D-CA]	Rep. Zoe Lofgren [D-CA]	Sen. Ben Lujan [D-NM]
Rep. Jim McDermott [D-WA]	Rep. James Moran [D-VA]	Rep. Eleanor Norton [D-DC]	Rep. Donald Payne [D-NJ]
Rep. Chellie Pingree [D-ME]	Rep. David Price [D-NC]	Rep. Steven Rothman [D-NJ]	Rep. Janice Schakowsky [D-IL]
Rep. Louise Slaughter [D-NY]	Rep. John Tierney [D-MA]	Rep. Peter Visclosky [D-IN]	Rep. Maxine Waters [D-CA]
Rep. Lynn Woolsey [D-CA]

Date	Chamber	Action
2011-10-21	House	Referred to the Subcommittee on Financial Institutions and Consumer Credit.
2011-10-03	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/3077/all-info
Text	https://www.congress.gov/112/bills/hr3077/BILLS-112hr3077ih.pdf