{"database": "openregs", "table": "legislation", "rows": [["107-s-229", 107, "s", 229, "Interest on Business Checking Act of 2001", "Finance and Financial Sector", "2001-01-31", "2001-01-31", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Hagel, Chuck [R-NE]", "NE", "R", "H001028", 3, "Interest on Business Checking Act of 2001 - Amends the Federal Reserve Act, the Home Owners' Loan Act, and the Federal Deposit Insurance Act to: (1) provide that a depository institution may permit owners of interest or dividend paying accounts to make up to 24 transfers monthly for any purpose to their other demand deposits in the same institution; and (2) repeal the proscription against the payment of interest on demand deposits.Prescribes conditions for interest payments on escrow accounts.Amends the Federal Reserve Act to require a Federal reserve bank to pay interest at least quarterly on any balance maintained by a depository institution at the reserve bank to meet its reserve requirements.", "2025-08-19T17:31:12Z", "https://www.congress.gov/bill/107th-congress/senate-bill/229"]], "columns": ["bill_id", "congress", "bill_type", "bill_number", "title", "policy_area", "introduced_date", "latest_action_date", "latest_action_text", "origin_chamber", "sponsor_name", "sponsor_state", "sponsor_party", "sponsor_bioguide_id", "cosponsor_count", "summary_text", "update_date", "url"], "primary_keys": ["bill_id"], "primary_key_values": ["107-s-229"], "units": {}, "query_ms": 0.2463129349052906, "source": "Federal Register API & Regulations.gov API", "source_url": "https://www.federalregister.gov/developers/api/v1", "license": "Public Domain (U.S. Government data)", "license_url": "https://www.regulations.gov/faq"}