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H.R. 3617

POSTAL Act of 2017

Providing Opportunities for Savings, Transactions, and Lending Act of 2017 or the POSTAL Act of 2017

This bill expands the specific powers of the U.S. Postal Service (USPS) to include the provision of basic financial services, including: (1) small-dollar loans; (2) checking accounts, interest-bearing savings accounts, and services relating to international money transfers, each of which may be provided by the USPS alone or in partnership with depository institutions and credit unions; (3) other basic financial services as appropriate in the public interest; and (4) the creation of a Postal Card that allows users to engage in such financial services.

Referred to the House Committee on Oversight and Government Reform.

Rep. Richmond, Cedric L. [D-LA-2](D-LA)Sponsor
17 cosponsors17 D
17cosponsors1committees3actions2related bills5subjects
  1. IntroReferralH11100

    Referred to the House Committee on Oversight and Government Reform.

    Oversight and Accountability Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

POSTAL Act of 2017 — Informed