[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1312 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 1312

    To establish a freeze on bank fees for accounts held by average 
                               taxpayers.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 23, 1995

  Ms. Waters introduced the following bill; which was referred to the 
              Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
    To establish a freeze on bank fees for accounts held by average 
                               taxpayers.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Freeze on Bank Fees Act of 1995''.

SEC. 2. FREEZE ON BANK FEES OF AVERAGE TAXPAYERS.

    Section 18 of the Federal Deposit Insurance Act (12 U.S.C. 1828) is 
amended by adding at the end the following new subsection:
    ``(s)  Freeze on Bank Fees for Average Taxpayers.--
            ``(1) In general.--During the 2-year period beginning on 
        the date of the enactment of the Freeze on Bank Fees Act of 
        1995, no insured depository institution may impose any fee of 
        any sort on any average taxpayer account in an amount in excess 
        of the amount imposed for such fee, if any, as of such date of 
        enactment.
            ``(2) Average taxpayer account defined.--For purposes of 
        this subsection, the term `average taxpayer account' means any 
        transaction account held by any person other than a corporation 
        in which the average daily balance (determined on a monthly 
        basis) does not exceed $3,000.''.
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