United States · Bill · HR
H.R. 5816 (115th)
Postal Banking Act
Introduced
15 May 2018
Last action
15 May 2018 · Introduced
Status
Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, 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.
Sponsors
Rep. Clarke, Yvette D. [D-NY-9]
Subjects
Postal service
Source updated
5 December 2025
Summary
Postal Banking Act This bill grants the U.S. Postal Service (USPS) the power to provide basic financial services, including: low-cost, small-dollar loans, in specified amounts; small checking accounts and interest-bearing savings accounts in specified amounts, alone or in partnership with depository institutions and federal credit unions; transactional and remittance services; and other basic financial services in the public interest. It grants the USPS the power to: (1) set interest rates and fees for the financial instruments and products provided by the USPS that meet specified requirements, and (2) allow capitalization of an amount deemed necessary by the USPS to finance the services provided by this bill. The USPS: (1) shall not be granted a bank charter, become an insured depository institution, or engage in traditional banking activities such as lending; and (2) shall be subject to the provisions of the Uniform Commercial Code regarding bank deposits and collections.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
15 May 2018
Introduced
Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, 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.
Source: IntroReferral
15 May 2018
Introduced
Introduced in House
Source: IntroReferral
15 May 2018
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 15 May 2018 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 15 May 2018
Introduced in House (PDF)
Introduced in House · EN · 15 May 2018
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Introduced in House
summary · EN · 15 May 2018
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Clarke, Yvette D. [D-NY-9] · D · Sponsor
- · hsba00 · Standing
- · hsgo00 · Standing
Related records
- related to → POSTAL Act of 2017
- related to → Postal Banking Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/115th-congress/house-bill/5816
- Open data entity: https://api.congress.gov/v3/bill/115/hr/5816
- us · 115-hr-5816 · source updated 5 December 2025