3.0.0 1095 2023-01-11T13:20:21Z 2023-01-11T13:20:21Z House H HR 2011-03-15 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PAUL:H.R. 1095.Congress has the power to enact this legislation pursuantto the following:This legislation is authorized by Article I, Section 8 ofthe Constitution:``To make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States.''This includes the power to repeal legislation thatexercises power beyond that which is granted to the Congressin the Constitution.[Page H1843]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2011-04-04T20:53:24Z Referred to 2011-03-15T14:03:40Z 2011-04-04 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2011-03-15 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-03-15 Sponsor introductory remarks on measure. (CR E484) IntroReferral B00100 9 Library of Congress 2011-03-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-03-15 Introduced in House IntroReferral 1000 9 Library of Congress P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 N Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Consumer affairs Financial services and investments Finance and Financial Sector 00 2011-03-15 Introduced in House 2011-05-10T20:19:28Z 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 Display Title Freedom to Bank Act Official Title as Introduced To sunset Federal laws and regulations which treat the American people like children by denying them the opportunity to make their own decision regarding control of their bank accounts and what type of information they wish to receive from their banks, and for other purposes. Introduced in House IH Short Titles as Introduced Freedom to Bank Act Introduced in House 2011-03-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr1095ih/xml/BILLS-112hr1095ih.xml 2011-04-04 Referred to the Subcommittee on Financial Institutions and Consumer Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.