Financial Inclusion in Banking Act of 2019
USA116th CongressHR-4067| House
| Updated: 10/29/2019
David Scott
Democratic Representative
Georgia
Cosponsors (5)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.)
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 55 - 0.
Committee Consideration and Mark-up Session Held.
Mr. Scott, David moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H8503-8505)
DEBATE - The House proceeded with forty minutes of debate on H.R. 4067.
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)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8503)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Bank accounts, deposits, capitalCongressional oversightConsumer creditConsumer Financial Protection BureauExecutive agency funding and structureFinancial literacyGovernment studies and investigations
Financial Inclusion in Banking Act of 2019
USA116th CongressHR-4067| House
| Updated: 10/29/2019
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.)
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 55 - 0.
Committee Consideration and Mark-up Session Held.
Mr. Scott, David moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H8503-8505)
DEBATE - The House proceeded with forty minutes of debate on H.R. 4067.
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)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8503)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
David Scott
Democratic Representative
Georgia
Cosponsors (5)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalCongressional oversightConsumer creditConsumer Financial Protection BureauExecutive agency funding and structureFinancial literacyGovernment studies and investigations