[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2251 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 2251

To direct the Board of Governors of the Federal Reserve System to amend 
 Regulation D to increase the transaction limits on passbook savings, 
         statement savings, and money market deposit accounts.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 21, 2011

Mr. Neugebauer introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To direct the Board of Governors of the Federal Reserve System to amend 
 Regulation D to increase the transaction limits on passbook savings, 
         statement savings, and money market deposit accounts.

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

SECTION 1. INCREASE OF TRANSACTION LIMITS.

    The Board of Governors of the Federal Reserve System shall amend 
part 204 of title 12, Code of Federal Regulations (commonly known as 
Regulation D), to include in the term ``savings deposit'' a passbook 
savings account, statement savings account or a money market deposit 
account that otherwise meets the requirements of section 204.2(d)(1) of 
such title and from which, under the terms of the deposit contract or 
by practice of the depository institution, the depositor is permitted 
or authorized to make no more than thirty transfers and withdrawals, or 
a combination of such transfers and withdrawals, per calendar month or 
statement cycle or similar period of at least four weeks, to another 
account (including a transaction account) of the depositor at the same 
institution or to a third party by means of a preauthorized or 
automatic transfer, or telephonic (including data transmission) 
agreement, order or instruction, or by check, draft, debit card, or 
similar order made by the depositor and payable to third parties.
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