To direct the Board of Governors of the Federal Reserve System to revise the transfers and withdrawals limit with respect to savings deposits and transaction accounts, and for other purposes.

10/28/2022, 1:45 AM

Congressional Summary of HR 5460

This bill directs the Federal Reserve Board to increase (1) the number of transfers and withdrawals permitted for savings deposit accounts, and (2) the withdrawal threshold for transaction accounts.

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Current Status of Bill HR 5460

Bill HR 5460 is currently in the status of Bill Introduced since December 17, 2019. Bill HR 5460 was introduced during Congress 116 and was introduced to the House on December 17, 2019. Bill HR 5460's most recent activity was Referred to the House Committee on Financial Services. as of December 17, 2019

Bipartisan Support of Bill HR 5460

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5460

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures

- Bank accounts, deposits, capital

- Federal Reserve System

Alternate Title(s) of Bill HR 5460

To direct the Board of Governors of the Federal Reserve System to revise the transfers and withdrawals limit with respect to savings deposits and transaction accounts, and for other purposes.