Bill > B26-0467

This bill requires the District of Columbia government to only contract with financial institutions for prepaid debit cards that have physical locations in at least 5 of the city's wards, with a specific preference for entities that have locations in lower-income census tracts (defined as areas with a median household income of $50,000 or less). The goal appears to be ensuring financial service accessibility across different neighborhoods and promoting economic inclusion by prioritizing institutions that serve less affluent communities. The bill includes standard legislative provisions for a fiscal impact statement and specifies that it will take effect after mayoral approval and a 30-day congressional review period, which is typical for District of Columbia legislation due to its unique governance structure. By mandating widespread physical presence across wards, the bill aims to ensure that District employees and residents have convenient access to financial services regardless of their neighborhood.

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https://lims.dccouncil.gov/Legislation/B26-0467