H.R. 7021 — A bill to remove the limitation on the maximum rate of interest which may be paid on certain balances maintained in a negotiable order of withdrawal account.

Summary

Prohibits Federal regulation of the rate of interest which may be paid on balances in excess of $5,000 which are maintained in a negotiable order of withdrawal (NOW) account.

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Legislative Actions

1982-08-19
Introduced in House
1982-08-19
Introduced in House
1982-08-19
Referred to House Committee on Banking, Finance and Urban Affairs.
1982-08-19
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

A bill to remove the limitation on the maximum rate of interest which may be paid on certain balances maintained in a negotiable order of withdrawal account.

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