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HOUSE 1711117th CongressReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Financial Inclusion in Banking Act of 2021

Last Action
5/19/2021

Actions

  • 2021-05-19Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2021-05-18Pursuant to section 5 of H. Res. 403, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 144, as amended; H.R. 204, as amended; H.R. 210, as amended; H.R. 240; H.R. 707, as amended; H.R. 711, as amended; H.R. 1157, as amended; H.R. 1447, as amended; H.R. 1510, as amended; H.R. 1711, as amended; H.R. 2027; H.R. 2167, as amended; H.R. 2441; H.R. 2494; H.R. 2533; H.R. 2655, as amended; H.R. 2695, H.R. 2704; H.R. 2788; H.R. 2878, as amended; and H.R. 3008. (consideration: CR H2482-2520; text: CR H2509-2510)
  • 2021-05-18Passed/agreed to in House: Pursuant to section 5 of H. Res. 403, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 144, as amended; H.R. 204, as amended; H.R. 210, as amended; H.R. 240; H.R. 707, as amended; H.R. 711, as amended; H.R. 1157, as amended; H.R. 1447, as amended; H.R. 1510, as amended; H.R. 1711, as amended; H.R. 2027; H.R. 2167, as amended; H.R. 2441; H.R. 2494; H.R. 2533; H.R. 2655, as amended; H.R. 2695, H.R. 2704; H.R. 2788; H.R. 2878, as amended; and H.R. 3008.(consideration: CR H2482-2520; text: CR H2509-2510)
  • 2021-05-18Pursuant to the provisions of H. Res. 403, proceedings on H.R. 1711 are considered vacated.
  • 2021-05-18At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  • 2021-05-18DEBATE - The House proceeded with forty minutes of debate on H.R. 1711.
  • 2021-05-18Considered under suspension of the rules. (consideration: CR H2450-2452; text: CR H2450)
  • 2021-05-18Mr. Cleaver moved to suspend the rules and pass the bill, as amended.
  • 2021-03-09Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2021-03-09Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2021-03-09Introduced in House
  • 2021-03-09Introduced in House

CRS Summary

As of 2021-05-18 (53)

Financial Inclusion in Banking Act of 2021

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. Specifically, the office must (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, 2031, the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)

Cosponsors (1)

  • Nikema Williams (D-GA)

Subjects

  • Bank accounts, deposits, capital
  • Congressional oversight
  • Consumer Financial Protection Bureau
  • Consumer credit
  • Executive agency funding and structure
  • Federal Reserve System
  • Financial literacy
  • Government studies and investigations
Read on Congress.gov

Sourced from Congress.gov (public domain).

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