Financial Inclusion in Banking Act of 2019

United States116th CongressHR-4067House of Representatives
Updated: Oct 29, 2019

Summary

Financial Inclusion in Banking Act of 2019 This bill expands the duties of the Office of Community Affairs within the Consumer Financial Protection Bureau regarding under-banked, un-banked, and underserved consumers. The office must, in part (1) report on impeding factors for individuals and families that do not participate in the banking system, and (2) develop strategies to increase such participation. The bill also decreases, beginning September 30, 2029, the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)

Bill texts

Available versions
View official text

3 versions available

All available records shown.

Timeline

  1. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8503)

    House of Representatives

  2. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H8503)

  3. Motion to reconsider laid on the table Agreed to without objection.

    House of Representatives

  4. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Senate