12 U.S.C. § 4301
Findings and purpose
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 4301, Findings and purpose, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438704
- Permanent ID
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Full text
The Congress hereby finds that economic stability would be enhanced, competition between depository institutions would be improved, and the ability of the consumer to make informed decisions regarding deposit accounts, and to verify accounts, would be strengthened if there was uniformity in the disclosure of terms and conditions on which interest is paid and fees are assessed in connection with such accounts.
It is the purpose of this chapter to require the clear and uniform disclosure of—
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Federal Deposit Insurance Corporation Improvement Act of 1991House: no recorded tallySenate: 68–15