PRINTER'S NO. 2976
No. 346 Session of 1998
INTRODUCED BY HASAY, LESCOVITZ, MAJOR, SERAFINI, READSHAW,
PETRARCA, KENNEY, JAMES, SATHER, WALKO, KIRKLAND, YOUNGBLOOD,
DeWEESE, HESS, BELARDI, TRELLO, GEORGE, BELFANTI, PESCI,
LAUGHLIN, WILT, BAKER, STABACK, TIGUE, SANTONI, RAMOS,
DEMPSEY, GORDNER, MELIO, ZUG, ORIE, C. WILLIAMS, JOSEPHS,
COY, GEIST, ITKIN AND SEYFERT, FEBRUARY 17, 1998
REFERRED TO COMMITTEE ON INTERGOVERNMENTAL AFFAIRS,
FEBRUARY 17, 1998
A RESOLUTION
1 Memorializing the Committee on Banking, Housing, and Urban
2 Affairs of the United States Senate and the Committee on
3 Banking, Finance and Urban Affairs of the United States House
4 of Representatives to petition the Comptroller of the
5 Currency to eliminate fees charged by banks on accounts held
6 by senior citizens.
7 WHEREAS, Federal agencies are increasingly using electronic
8 means to transfer financial benefits directly to the bank
9 accounts of recipients; and
10 WHEREAS, This trend is expected to continue until all Federal
11 program benefits are directly deposited into the accounts of
12 recipients; and
13 WHEREAS, The majority of recipients who are senior citizens
14 will need to access their accounts through methods that may
15 require the payment of fees to banking institutions to be
16 debited from the individual recipient's account; and
17 WHEREAS, Service fees are levied by both Federal and state
1 banking institutions; and
2 WHEREAS, State law cannot regulate the fees of federally
3 chartered institutions; and
4 WHEREAS, The Federal regulatory system can set a uniform
5 policy for service fees to be charged by all banking
6 institutions; therefore be it
7 RESOLVED, That the House of Representatives of the
8 Commonwealth of Pennsylvania memorialize the Committee on
9 Banking, Housing, and Urban Affairs of the United States Senate
10 and the Committee on Banking, Finance and Urban Affairs of the
11 United States House of Representatives to petition the
12 Comptroller of the Currency to develop regulations that would
13 eliminate fees charged to senior citizens to access their
14 Federal benefits; and be it further
15 RESOLVED, That a copy of this resolution be delivered to the
16 respective chairmen of the Committee on Banking, Housing, and
17 Urban Affairs of the United States Senate and the Committee on
18 Banking, Finance and Urban Affairs of the United States House of
19 Representatives.
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