Bills · HR 2890
IN COMMITTEE· 119TH CONGRESS
House BillHR 2890Finance and Financial Sector
Financial Inclusion in Banking Act of 2025
INTRO APR 10· LAST ACTION APR 10
READING
3MIN
COSPONSORS
2
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because a significant portion of the American population still lacks full access to traditional banking services, which can make managing money more expensive and difficult. Without bank accounts, people often pay higher fees for basic transactions, struggle to build credit, and have limited options for saving money safely.
If this bill becomes law, it would create a dedicated federal effort to understand and address these financial inclusion challenges, potentially leading to policy changes or new programs that help more Americans integrate into the mainstream financial system. If it doesn't pass, the research and coordinated efforts to tackle the un-banked and under-banked issues might continue but without the specific, mandated focus and regular reporting to Congress that this bill proposes, potentially slowing progress on these issues.
KEY PROVISIONS
4AI-extractedPROVISION 01
Directs the Office of Community Affairs within the Consumer Financial Protection Bureau (CFPB) to research the causes and challenges preventing individuals and households from maintaining relationships with banks.
This provision creates a focused effort to understand the root problems of financial exclusion, rather than just addressing symptoms.
PROVISION 02
Requires the Office to coordinate with other federal agencies and identify experts within the CFPB to address issues related to the un-banked, under-banked, and underserved consumers.
This ensures a comprehensive government-wide approach to tackling financial inclusion and leverages existing expertise.
PROVISION 03
Mandates the development of strategies to increase financial education for these specific consumer groups.
Improved financial literacy can empower individuals to make better financial decisions and access banking services more effectively.
PROVISION 04
Requires the Office of Community Affairs to submit a report to Congress every two years, detailing impediments to banking access and offering recommendations for improvement.
Regular reporting ensures accountability and provides Congress with actionable insights to inform future legislation.
SPONSORSHIP
1 + 2
D· Georgia
YRS IN OFFICE
23
BILLS LED
18
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 2 IND 0
ACTION TIMELINE
2 EVENTSAPR 10
Introduced in House
APR 10
Referred to the House Committee on Financial Services.
BILL INFO
TypeHouse Bill
NumberHR 2890
Congress119th
StatusIn Committee
IntroducedApr 10, 2025
Last actionApr 10, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED APR 10, 2025
House BillHR 2890Finance and Financial Sector
Financial Inclusion in Banking Act of 2025
INTRODUCED APR 10, 2025· LAST ACTION APR 10, 2025
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
2
COMPLEXITY
Moderate
