S.3571: Banking for All Act

About This Bill

  • Introduced March 23, 2020
  • Latest Major Action June 30, 2020

Bill Version

Bill Summary

Banking for All Act This bill requires Federal Reserve member banks to provide digital pass-through accounts (i.e., digital dollar wallets) to residents and citizens, and to businesses domiciled in the United States. Among other things, these accounts must provide specified banking services to eligible persons who elect to deposit funds into these accounts, including access to COVID-19 (i.e., coronavirus disease 2019) aid payments. These...

(Source: Library of Congress)

Bill Actions

Date Description
June 30, 2020
Committee on Banking, Housing, and Urban Affairs. Hearings held.
March 23, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
March 23, 2020

Introduced in the Senate by Sherrod Brown (D-Ohio)

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