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Bill116th CongressFiled Jul 25, 2019Finance and Financial Sector
H.R. 4067

Financial Inclusion in Banking Act of 2019

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
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Law

What it doesSummary passed house (Oct 28, 2019)

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.)

What just happenedOct 29, 2019

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

Who’s behind it

Rep. Scott, David [D-GA-13](D-GA)Sponsor
5 cosponsors3 D2 R
Read on Congress.gov
5cosponsors2committees14actions1related bills7subjects
  1. Oct 29, 2019IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  2. Oct 28, 2019FloorH38310

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

  3. Oct 28, 2019FloorH37300

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

  4. Oct 28, 2019Floor8000

    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)

  5. Oct 28, 2019FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 4067.

  6. Oct 28, 2019FloorH30000

    Considered under suspension of the rules. (consideration: CR H8503-8505)

  7. Oct 28, 2019FloorH30300

    Mr. Scott, David moved to suspend the rules and pass the bill, as amended.

  8. Sep 20, 2019Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 55 - 0.

    Financial Services Committee
  9. Sep 20, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  10. Sep 19, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  11. Sep 18, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  12. Jul 25, 2019IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  13. Jul 25, 2019IntroReferralIntro-H

    Introduced in House

  14. Jul 25, 2019IntroReferral1000

    Introduced in House

Passed HouseOct 28, 201953

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.)

Introduced in HouseJul 25, 2019

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.

Financial Inclusion in Banking Act of 2019 — Informed