[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4811 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 4811

To amend the Federal Deposit Insurance Act and the Federal Credit Union 
      Act to prohibit fees for using teller windows at depository 
                 institutions, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 12, 1998

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

_______________________________________________________________________

                                 A BILL


 
To amend the Federal Deposit Insurance Act and the Federal Credit Union 
      Act to prohibit fees for using teller windows at depository 
                 institutions, and for other purposes.

    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 ``Depository Institution Customer 
Protection Act''.

SEC. 2. FEES FOR USING TELLER WINDOWS PROHIBITED.

    (a) Federal Deposit Insurance Act.--Section 18 of the Federal 
Deposit Insurance Act (12 U.S.C. 1828) is amended by adding at the end 
the following new subsection:
    ``(t) Prohibition on Fees for Using Teller Windows.--
            ``(1) In general.--No fee may be imposed, directly or 
        indirectly, on a customer of an insured depository institution 
        for using the services, in person, of any individual employed 
        by the depository institution at a domestic branch of the 
        institution.
            ``(2) Regulations.--Each Federal banking agency shall 
        prescribe such regulations as the agency determines to be 
        appropriate to ensure compliance by insured depository 
        institutions with the requirements of this subsection.''.
    (b) Federal Credit Union Act.--Section 205 of the Federal Credit 
Union Act (12 U.S.C. 1785) is amended by adding at the end the 
following new subsection:
    ``(h) Prohibition on Fees for Using Teller Windows.--
            ``(1) In general.--No fee may be imposed, directly or 
        indirectly, on a member of an insured credit union for using 
        the services, in person, of any individual employed by the 
        credit union at an office of the credit union where deposits 
        are accepted or checks are paid or money lent.
            ``(2) Regulations.--The Board shall prescribe such 
        regulations as the Board determines to be appropriate to ensure 
        compliance by insured credit unions with the requirements of 
        this subsection.''.
    (c) Effective Date.--The amendments made by this section shall 
apply after the end of the 6-month period beginning on the date of the 
enactment of this Act.
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