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Postal Banking Act
Legislative Progress
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vs 7,393 other HR bills in the 115th — cohort avg 50d
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.
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Filing registrants (2)
2018 · second_quarter · Postal
H. Res. 15- Six Day Mail Delivery H. Res. 28- Door Delivery H. Res. 31- Service Standards H.R. 756- Postal Reform Act of 2017 H.R. 5524- Bill to establish rates for delivery of in bound international mail S. 2638- Ending Needles Delivery Subsidies Act of 2018 S. 2755/ H.R. 5816- Postal Banking Act of 2018 S. 1204- Post Office Discontinuance Accountability Act of 2017 H.R. 6076/S. 2629- Postal Reform Act of 2018
Client expense: $80,000 · Firm income: Not reported
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.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · second_quarter · Financial Institutions/Investments/Securities
HR 2706, Financial Institution Customer Protection Act; HR 3299, Valid When Made; HR 4439, Modernizing Credit Opportunities Act; HR 4861, Ensuring Quality Unbiased Access to Loans Act of 2018; HR 5816, Postal Banking Act; SB 1642, Homeowners Loan Act, Federal Credit Union Act and Federal Deposit Insurance Act; SB 2755, Postal Banking Act
Client expense: Not reported · Firm income: Not reported