3.0.0 3077 2023-01-11T13:22:13Z 2023-01-11T13:22:13Z House H HR 2011-10-03 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MILLER of North Carolina:H.R. 3077.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8.[Page H6505]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2011-10-21T21:30:26Z Referred to 2011-10-03T18:01:05Z 2011-10-21 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2011-10-03 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-10-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-10-03 Introduced in House IntroReferral 1000 9 Library of Congress M001154 Rep. Miller, Brad [D-NC-13] Brad Miller D NC 13 N E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2011-10-11 False M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2011-10-11 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2011-10-11 False C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2011-10-11 False B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2011-10-11 False C001037 Rep. Capuano, Michael E. [D-MA-8] MICHAEL CAPUANO D MA E. 8 2011-10-11 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-28] LOUISE SLAUGHTER D NY M. 28 2011-10-13 False P000523 Rep. Price, David E. [D-NC-4] DAVID PRICE D NC E. 4 2011-10-13 False J000283 Rep. Jackson, Jesse L., Jr. [D-IL-2] JESSE JACKSON D IL L. 2 2011-10-13 False W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2011-10-13 False D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2011-10-13 False R000462 Rep. Rothman, Steven R. [D-NJ-9] STEVEN ROTHMAN D NJ R. 9 2011-10-24 False W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2011-10-24 False L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2011-10-24 False V000108 Rep. Visclosky, Peter J. [D-IN-1] PETER VISCLOSKY D IN J. 1 2011-10-24 False P000149 Rep. Payne, Donald M. [D-NJ-10] DONALD PAYNE D NJ M. 10 2011-10-24 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2011-10-24 False C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2011-10-24 False M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2011-10-24 False C001080 Rep. Chu, Judy [D-CA-32] Judy Chu D CA 32 2011-10-24 False G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2011-10-24 False T000266 Rep. Tierney, John F. [D-MA-6] JOHN TIERNEY D MA F. 6 2011-10-25 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2011-11-03 False L000397 Rep. Lofgren, Zoe [D-CA-16] ZOE LOFGREN D CA 16 2011-11-03 False H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2011-11-18 False C000380 Del. Christensen, Donna M. [D-VI-At Large] DONNA CHRISTENSEN D VI M. 0 2011-11-18 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2011-11-18 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2011-11-18 False D000598 Rep. Davis, Susan A. [D-CA-53] SUSAN DAVIS D CA A. 53 2011-11-18 False H001034 Rep. Honda, Michael M. [D-CA-15] MICHAEL HONDA D CA M. 15 2011-11-18 False L000570 Rep. Lujan, Ben Ray [D-NM-3] Ben Lujan D NM R. 3 2011-11-18 False F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2011-11-18 False Finance and Financial Sector Bank accounts, deposits, capital Consumer affairs User charges and fees Finance and Financial Sector 00 2011-10-03 Introduced in House 2012-01-10T21:26:23Z 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 Display Title Freedom and Mobility in Consumer Banking Act Official Title as Introduced To amend the Federal Deposit Insurance Act to ensure that customers have the right to immediately close any account at any insured depository institutions on demand, without cost to the consumer, that consumers receive any balance in their account immediately, and for other purposes. Introduced in House IH Short Titles as Introduced Freedom and Mobility in Consumer Banking Act Introduced in House 2011-10-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3077ih/xml/BILLS-112hr3077ih.xml 2011-10-21 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.