Regulation Q prohibits banks from paying interest on commercial demand deposits. Regulation D limits the number of transfers businesses can make from interest-bearing transaction accounts to demand accounts.

Congresswoman Nydia M. Velázquez (D-NY) introduced a new bill in the House of Representatives on December 22, 2006. "The Business Checking Fairness Act of 2007" calls for the repeal of Reg. Q and the relaxation of Reg. D.

While the House passed similar legislation in previous years, the measure sat in the Senate as the session ended and was not made into law.

This special web site section presents up-to-date status reports on the legislation and a number of useful ideas for dealing with the $2.5 billion or more financial implication for commercial banks, should the legislation be enacted.

Download press release Chairwoman Velázquez Promotes Fairness for Small Business - 01/04/07

Download press release Small Businesses Gain Greater Input in the 110th Congress - 01/04/07

Download the latest Proposed House Bill (01/2007)

"Reg Q and the Financial Markets," Anthony Carfang and Dave Robertson, Onsite Conference, June 12, 2003.

Regulation Q Status Update 03/23/04

Regulation Q Status Update 03/17/03

Regulation Q Status Update 12/2002

Regulation Q Exposure Calculator

"Key Elements of a Regulation Q Strategy: Understanding the Impact," Anthony Carfang, December, 2002.

Regulation Q Webcast 06/2001

“Reg Q’s Repeal Would Mean Chance to Stop Deposit Drain,” Anthony Carfang, American Banker, Friday, October 6, 2000.