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.)
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2021-05-19 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2021-05-18 | Floor | 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) | House floor actions |
| 2021-05-18 | Floor | Pursuant to the provisions of H. Res. 403, proceedings on H.R. 1711 are considered vacated. | House floor actions |
| 2021-05-18 | Floor | At 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. | House floor actions |
| 2021-05-18 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 1711. | House floor actions |
| 2021-05-18 | Floor | Considered under suspension of the rules. (consideration: CR H2450-2452; text: CR H2450) | House floor actions |
| 2021-05-18 | Floor | Mr. Cleaver moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2021-03-09 | IntroReferral | Referred 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. | House floor actions |
| 2021-03-09 | IntroReferral | Referred 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. | House floor actions |
| 2021-03-09 | IntroReferral | Introduced in House | Library of Congress |