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A bill to establish requirements for use of a driver's license or personal identification card by certain financial institutions for opening an account or obtaining a financial product or service, and for other purposes.

USA115th CongressS-2854| Senate 
| Updated: 9/18/2018
Tim Scott

Tim Scott

Republican Senator

South Carolina

Cosponsors (2)
Catherine Cortez Masto (Democratic)David Perdue (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
MOBILE Act of 2018 This bill establishes requirements for the use of an individual's driver's license or personal identification card by financial institutions to open an account or obtain a financial product or service. It allows financial institutions to scan or copy personal information and store or retain it in any electronic format. Except as required to comply with federal bank secrecy laws, a financial institution may only use such information to: (1) verify the authenticity of the driver's license or personal identification card; (2) verify the identity of the individual; and (3) comply with a legal requirement to record, retain, or transmit the personal information in connection with opening an account or obtaining a financial product or service. After using the driver's license or personal information card for such purposes, the financial institution must permanently delete any image of the license or card within a reasonable amount of time. The Department of the Treasury shall report to Congress on: (1) the decrease in the unbanked or underbanked populations through the use of the technology described in this bill in rural communities and underserved populations, and (2) the increase in violations of federal or state laws relating to the disclosure and security of personal information by a financial institution.
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Timeline
Jan 30, 2018

Latest Companion Bill Action

HR 115-1457
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 16, 2018
Introduced in Senate
May 16, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 18, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-380.
  • January 30, 2018

    Latest Companion Bill Action

    HR 115-1457
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • May 16, 2018
    Introduced in Senate


  • May 16, 2018
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • September 18, 2018
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-380.

Transportation and Public Works

Related Bills

  • HR 115-1457: To establish requirements for use of a driver's license or personal identification card by certain financial institutions for opening an account or obtaining a financial product or service, and for other purposes.

A bill to establish requirements for use of a driver's license or personal identification card by certain financial institutions for opening an account or obtaining a financial product or service, and for other purposes.

USA115th CongressS-2854| Senate 
| Updated: 9/18/2018
MOBILE Act of 2018 This bill establishes requirements for the use of an individual's driver's license or personal identification card by financial institutions to open an account or obtain a financial product or service. It allows financial institutions to scan or copy personal information and store or retain it in any electronic format. Except as required to comply with federal bank secrecy laws, a financial institution may only use such information to: (1) verify the authenticity of the driver's license or personal identification card; (2) verify the identity of the individual; and (3) comply with a legal requirement to record, retain, or transmit the personal information in connection with opening an account or obtaining a financial product or service. After using the driver's license or personal information card for such purposes, the financial institution must permanently delete any image of the license or card within a reasonable amount of time. The Department of the Treasury shall report to Congress on: (1) the decrease in the unbanked or underbanked populations through the use of the technology described in this bill in rural communities and underserved populations, and (2) the increase in violations of federal or state laws relating to the disclosure and security of personal information by a financial institution.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 30, 2018

Latest Companion Bill Action

HR 115-1457
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 16, 2018
Introduced in Senate
May 16, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 18, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-380.
  • January 30, 2018

    Latest Companion Bill Action

    HR 115-1457
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • May 16, 2018
    Introduced in Senate


  • May 16, 2018
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • September 18, 2018
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-380.
Tim Scott

Tim Scott

Republican Senator

South Carolina

Cosponsors (2)
Catherine Cortez Masto (Democratic)David Perdue (Republican)

Banking, Housing, and Urban Affairs Committee

Transportation and Public Works

Related Bills

  • HR 115-1457: To establish requirements for use of a driver's license or personal identification card by certain financial institutions for opening an account or obtaining a financial product or service, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted