A bill to extend the State Taxation of Depositories Act.
Public Law 94-222 · S. 2672 · 94th Congress · began in the Senate
Signed by Gerald Ford (R) on Feb 27, 1976 · Finance and Financial Sector
Sponsor: Sen. William Proxmire (D-WI)
Cosponsors: None
Passage votes
- HouseMethod not stated
- SenateMethod not stated
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
(Senate reconsidered its action and agreed to House amendment with an amendment)
Extends, effective January 1, 1976, the State Taxation of Depositories Act to September 12, 1976. Authorizes negotiable order of withdrawal (NOW) accounts in Connecticut, Rhode Island, Maine, and Vermont.
Exempts from specified civil liability provisions of the Truth in Lending Act, those acts done in good faith in conformity with any rule, regulation, or interpretation thereof by the Board of Governors of the Federal Reserve System, or in conformity with any interpretation or approval by an official or employee of the System duly authorized to so act.
Prohibits a seller from imposing a surcharge on a credit card transaction.
Deletes provisions from such Act limiting cash purchase discounts to five percent. Terminates the effectiveness of such deletion three years after enactment of this Act.
Provides that any discount offered under specified provisions of such Act shall not be considered a finance charge or other charge for credit under the usury laws or specified disclosure laws of any State.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 15 actions.
- Feb 27, 1976Became lawBecame law · Signed by President.
- PresidentPresident · Public law 94-222.
- Feb 16, 1976PresidentPresident · Measure presented to President.
- PresidentPresident · Measure enrolled in Senate.
- PresidentPresident · Measure enrolled in House.
- Feb 9, 1976Resolving differencesResolving differences · House agreed to Senate amendment.
- Feb 6, 1976Resolving differencesResolving differences · Senate reconsidered its action and agreed to House amendment with an amendment.
- Resolving differencesResolving differences · Senate agreed to House amendment.
- Dec 16, 1975FloorFloor · Measure passed House, amended.
- FloorFloor · Measure called up under motion to suspend rules and pass in House.
- Dec 9, 1975CommitteeCommittee · Referred to House Financial Services Committee
- Dec 8, 1975FloorFloor · Measure passed Senate, amended.
- Nov 20, 1975CommitteeCommittee · Reported by Senate Banking, Housing, and Urban Affairs Committee
- Nov 14, 1975CommitteeCommittee · Referred to Senate Banking, Housing, and Urban Affairs Committee
- IntroducedIntroduced · Introduced in the Senate
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.