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United States · Bill · HR

H.R. 1711 (117th)

Financial Inclusion in Banking Act of 2021

referredUnited States· United States Congress· EN

Introduced

9 March 2021

Last action

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Status

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

Sponsors

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Subjects

Discovery layer

Source updated

28 May 2025

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Summary

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, 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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Documents

8 official files

Referred in Senate (text)

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