summary
Introduced
03/09/2021
03/09/2021
In Committee
03/09/2021
03/09/2021
Crossed Over
05/19/2021
05/19/2021
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
AN ACT To amend the Consumer Financial Protection Act of 2010 to direct the Office of Community Affairs to identify causes leading to, and solutions for, under-banked, un- banked, and underserved consumers, and for other pur- poses.
AI Summary
This bill, the Financial Inclusion in Banking Act of 2021, amends the Consumer Financial Protection Act of 2010 to direct the Office of Community Affairs to identify the causes and challenges contributing to individuals and households not having ongoing and sustainable relationships with depository institutions, consult with relevant stakeholders, coordinate with other federal agencies, and develop strategies to increase financial education for underbanked, unbanked, and underserved consumers. The bill also includes a provision to reduce the dollar amount of the Federal Reserve's discretionary surplus funds by $10 million, effective September 30, 2031.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (2)
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 05/19/2021)
Official Document
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