HR 1095

112th CONGRESS
1st Session

H. R. 1095

To sunset Federal laws and regulations which treat the American people like children by denying them the opportunity to make their own decision regarding control of their bank accounts and what type of information they wish to receive from their banks, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

March 15, 2011

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


A BILL

To sunset Federal laws and regulations which treat the American people like children by denying them the opportunity to make their own decision regarding control of their bank accounts and what type of information they wish to receive from their banks, and for other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. SUNSET OF FEDERAL LAWS REQUIRING PENALTIES FOR WITHDRAWALS FROM TRANSACTION OR TIME ACCOUNTS.

SEC. 3. SUNSET OF FEDERAL LAWS REQUIRING FINANCIAL INSTITUTIONS TO PROVIDE STATEMENTS OF ACCOUNTS EXCEPT AT THE REQUEST OF THE CONSUMER.

END