Small Business Reading Room

Friday, June 03, 2005

Changes Coming to 75 Year Restriction on Business Banking

The Small Business & Entrepreneurship Council reports that a bill in the House of Representives has passed that will allow banks to offer interest on commercial checking accounts.

Sponsored by Rep. Sue Kelly (R-NY), the legislation would provide small business owners the opportunity to earn interest on their business checking accounts.

For more on H.R 1224 see the Thomas Bill Report.

Maybe we should make every law (except the Constitution) subject to sunshine provisions. That would automatically get rid of some of these ancient laws. It might also limit the time available to the Senate for making new laws :)

posted by Larry at 3:10 PM - permalink 0 comments

Small Business Reading Room

Changes Coming to 75 Year Restriction on Business Banking

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