H.R. 4067: Financial Inclusion in Banking Act of 2019

CBO Score

$10 million

Date of Report

Mon October 28th, 2019

CBO Report Details

Legislation Details

116th Congress

To amend the Consumer Financial Protection Act of 2010 to direct the Office of Community Affairs to identify causes leading to, and solutions for, under-banked, un-banked, and underserved consumers, and for other purposes.

Sponsor: Rep. David Scott — D — GA

Expands the functions of the Office of Community Affairs unit within the Consumer Financial Protection Bureau (CFPB). Under the bill, that office would be required to coordinate with other bureau offices to facilitate research on the reasons some people are underserved by depository institutions. The CFPB also would be required to coordinate research efforts related to underserved people across the federal government. Finally, every two years, the CFPB would study and report to the Congress about the factors that impede people from engaging with depository institutions.

View the full vote history of this bill on GovTrack.us.

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