I 

118TH CONGRESS 

2D SESSION H. R. 7510 

To establish an interagency Working Group to study financial safety and 

inclusion for survivors, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 29, 2024 

Ms. VELA ́ZQUEZ introduced the following bill; which was referred to the 

Committee on Financial Services 

A BILL 

To establish an interagency Working Group to study financial safety and inclusion for survivors, and for other 

purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Survivor Financial 

5 Safety and Inclusion Working Group Act’’. 

6 SEC. 2. WORKING GROUP FOR FINANCIAL SAFETY AND IN7 CLUSION FOR SURVIVORS. 

8 (a) ESTABLISHMENT.—There is established an inter9 agency Working Group (in this Act referred to as the 

10 ‘‘Working Group’’) to study the following: 


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1 (1) How the Congress and covered agencies can 

2 support regulated financial institutions in safely and 

3 confidentially collecting data on— 

4 (A) the types and prevalence of economic 

5 abuse tactics that are being carried out through 

6 regulated financial institutions; and 

7 (B) the impacts of economic abuse tactics 

8 on consumers and regulated financial institu9 tions. 

10 (2) Data from regulated financial institutions 

11 on the statistics, trends, and impacts of economic 

12 abuse carried out through regulated financial insti13 tutions. 

14 (3) How regulated financial institutions can im15 prove existing financial products and services, and 

16 design and offer new financial products and services 

17 specially-tailored to meet the financial and safety 

18 needs of survivors. 

19 (4) How the recommendations and guidance 

20 provided by the Working Group account for any ad21 ditional financial or safety needs of historically 

22 underbanked and underserved communities, includ23 ing rural communities, low- and moderate-income 

24 communities, federally recognized Indian Tribes, and 

25 territories of the United States. 


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1 (5) Any legislative or regulatory authority nec2 essary to implement any recommendations or guid3 ance provided by the Working Group. 

4 (b) MEMBERSHIP.—The Working Group shall be 

5 comprised of the following: 

6 (1) The head of each of the following, or the 

7 head’s designee: 

8 (A) The Department of the Treasury. 

9 (B) The Board of Governors of the Fed10 eral Reserve System. 

11 (C) The Bureau of Consumer Financial 

12 Protection. 

13 (D) The Federal Deposit Insurance Cor14 poration. 

15 (E) The Office of the Comptroller of the 

16 Currency. 

17 (F) The National Credit Union Adminis18 tration. 

19 (G) The Securities and Exchange Commis20 sion. 

21 (2) A State insurance commissioner selected by 

22 the State insurance commissioners (through the Na23 tional Association of Insurance Commissioners). 

24 (3) One individual who has expertise in eco25 nomic abuse and has experience working with and 


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1 advocating on behalf of survivors of domestic vio2 lence, appointed by the Secretary of the Treasury. 

3 (4) One individual who has expertise in con4 sumer protection and has experience working with 

5 and advocating on behalf of consumers, appointed by 

6 the Secretary of the Treasury. 

7 (5) One individual who is a member of, and has 

8 experience working with and advocating on behalf of, 

9 communities that have been historically underbanked 

10 and unbanked, including rural communities, low11 and moderate-income communities, federally recog12 nized Indian Tribes, and territories of the United 

13 States, appointed by the Secretary of the Treasury. 

14 (6) Any other individuals, but no more than 

15 four, appointed by the Secretary of the Treasury, as 

16 the Secretary determines appropriate. 

17 (c) CHAIRPERSON.—The Secretary of the Treasury 

18 (or the Secretary’s designee, as applicable) shall serve as 

19 the chairperson of the Working Group. 

20 (d) TERMS.— 

21 (1) IN GENERAL.—A term of the Working 

22 Group shall be 2 years. 

23 (2) LIMITATION.—Each individual appointed 

24 under paragraphs (3) through (6) of subsection (b) 

25 may only serve one term. 


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1 (3) FIRST TERM.—The first term of the Work2 ing Group shall begin on January 1st of the first 

3 calendar year that begins after the date of enact4 ment of this Act. 

5 (e) MEETINGS.—The Working Group shall convene 

6 no later than 60 days after the beginning of the first term 

7 of the Working Group and shall meet no less than twice 

8 a year thereafter. 

9 (f) COMPENSATION.—Members of the Working 

10 Group shall receive no additional compensation by reason 

11 of their service on the Working Group. 

12 (g) TRAVEL EXPENSES.—Members of the Working 

13 Group may be reimbursed by the Federal Government for 

14 travel expenses, including per diem in lieu of subsistence, 

15 in accordance with applicable provisions under subchapter 

16 I of chapter 57 of title 5, United States Code, while away 

17 from home or regular places of business in performance 

18 of service for the Working Group. 

19 (h) ANNUAL REPORTS.— 

20 (1) IN GENERAL.—The Working Group shall 

21 submit annually to the Committee on Financial 

22 Services of the House of Representatives and the 

23 Committee on Banking, Housing, and Urban Affairs 

24 of the Senate, a report regarding— 


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1 (A) the activities of the Working Group; 

2 and 

3 (B) the study required under subsection 

4 (a). 

5 (2) PUBLIC AVAILABILITY.—The report under 

6 paragraph (1) shall be made publicly available online 

7 and in accessible format that adheres to section 4(b) 

8 of the Plain Writing Act of 2010 (5 U.S.C. 301 

9 note) and Executive Order 13166 (65 Fed. Reg. 

10 159). 

11 (i) CONGRESSIONAL TESTIMONY.—The head of an 

12 agency described under subparagraphs (A) through (G) of 

13 subsection (b)(1) shall, when providing the semi-annual 

14 written testimony and appearing before the Committee on 

15 Financial Services of the House of Representatives and 

16 the Committee on Banking, Housing, and Urban Affairs 

17 of the Senate, include information on the activities of the 

18 agency as part of the Working Group. 

19 (j) TRANSPARENCY.—To the greatest extent possible, 

20 the Working Group shall operate in a transparent manner 

21 that adheres to the requirements of chapter 10 of title 5, 

22 United States Code, with the exception that the Working 

23 Group shall be permitted to freely communicate both dur24 ing and between meetings in a confidential manner to disVerDate Sep 11 2014 03:30 Mar 05, 2024 Jkt 049200 PO 00000 Frm 00006 Fmt 6652 Sfmt 6201 E:\BILLS\H7510.IH H7510

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1 cuss non-public information and other sensitive and non2 public issues. 

3 (k) DEFINITIONS.—In this section: 

4 (1) COVERED AGENCY.—The term ‘‘covered 

5 agencies’’ means the following: 

6 (A) The Department of the Treasury. 

7 (B) The Board of Governors of the Fed8 eral Reserve System. 

9 (C) The Bureau of Consumer Financial 

10 Protection. 

11 (D) The Federal Deposit Insurance Cor12 poration. 

13 (E) The Office of the Comptroller of the 

14 Currency. 

15 (F) The National Credit Union Adminis16 tration. 

17 (G) The Securities and Exchange Commis18 sion. 

19 (H) The State insurance regulators. 

20 (2) DOMESTIC VIOLENCE.—The term ‘‘domestic 

21 violence’’ means the use or attempted use of physical 

22 abuse or sexual abuse, or a pattern of any other co23 ercive behavior committed, enabled, or solicited to 

24 gain or maintain power and control over a survivor, 

25 including verbal, psychological, economic, or technoVerDate Sep 11 2014 03:30 Mar 05, 2024 Jkt 049200 PO 00000 Frm 00007 Fmt 6652 Sfmt 6201 E:\BILLS\H7510.IH H7510

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1 logical abuse that may or may not constitute crimi2 nal behavior, by a person who— 

3 (A) is a current or former spouse or inti4 mate partner of the survivor, or person simi5 larly situated to a spouse of the survivor; 

6 (B) is cohabitating, or has cohabitated, 

7 with the survivor as a spouse or intimate part8 ner; 

9 (C) shares a child in common with the sur10 vivor; or 

11 (D) commits acts against a youth or adult 

12 survivor who is protected from those acts under 

13 the family or domestic violence laws of the ju14 risdiction. 

15 (3) ECONOMIC ABUSE.—The term ‘‘economic 

16 abuse’’ means behavior that is coercive, deceptive, or 

17 unreasonably controls or restrains a person’s ability 

18 to acquire, use, or maintain economic resources to 

19 which they are entitled, including using coercion, 

20 fraud, or manipulation, to— 

21 (A) restrict a person’s access to money, as22 sets, credit, or financial information; 

23 (B) unfairly use a person’s personal eco24 nomic resources, including money, assets, and 

25 credit, for one’s own advantage; 


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1 (C) exert undue influence over a person’s 

2 financial and economic behavior or decisions, 

3 including forcing default on joint or other fi4 nancial obligations; 

5 (D) exploit powers of attorney, guardian6 ship, or conservatorship; or 

7 (E) fail or neglect to act in the best inter8 est of a person to whom one has a fiduciary 

9 duty. 

10 (4) FEDERALLY RECOGNIZED INDIAN TRIBE.— 

11 The term ‘‘federally recognized Indian Tribe’’ has 

12 the meaning given the term ‘‘Indian tribe’’ in section 

13 102 of the Federally Recognized Indian Tribe List 

14 Act of 1994 (25 U.S.C. 5130). 

15 (5) LOW- OR MODERATE-INCOME COMMU16 NITY.—The term ‘‘low- or moderate-income commu17 nity’’ means a census tract designated as low-income 

18 or moderate-income by the Financial Institutions 

19 Examinations Council on a public website of the 

20 Council. 

21 (6) REGULATED FINANCIAL INSTITUTION.—The 

22 term ‘‘regulated financial institution’’ means— 

23 (A) a depository institution, as defined 

24 under section 3 of the Federal Deposit Insur25 ance Act (12 U.S.C. 1813); 


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1 (B) a Federal credit union or a State cred2 it union, as such terms are defined, respec3 tively, under section 101 of the Federal Credit 

4 Union Act (12 U.S.C. 1752); 

5 (C) an investment adviser, as such term is 

6 defined under section 202(a) of the Investment 

7 Advisers Act of 1940 (15 U.S.C. 80b–2(a)); 

8 (D) a broker or dealer, as those terms are 

9 defined, respectively, under section 3(a) of the 

10 Securities Exchange Act of 1934 (15 U.S.C. 

11 78c(a)); 

12 (E) an insurance company, as such term is 

13 defined under section 2(a) of the Investment 

14 Company Act of 1940 (15 U.S.C. 80a–2(a)); 

15 (F) an insurance agency, meaning any 

16 business entity that sells, solicits, or negotiates 

17 insurance coverage; 

18 (G) a transfer agent, as such term is de19 fined under section 3(a) of the Securities Ex20 change Act of 1934 (15 U.S.C. 78c(a)); 

21 (H) an insurance producer, meaning an in22 dividual who is required under State law to be 

23 licensed in order to sell, solicit, or negociate in24 surance coverage; and 


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1 (I) an investment advisor representative, 

2 meaning an individual who— 

3 (i) is employed by, or associated with, 

4 an investment adviser; and 

5 (ii) does not perform solely clerical or 

6 ministerial acts. 

7 (7) RURAL AREA.—The term ‘‘rural area’’ 

8 means any county that is mostly rural or completely 

9 rural in the most recent decennial census. 

10 (8) STATE.—The term ‘‘State’’ means each of 

11 the 50 States, the District of Columbia, Puerto Rico, 

12 and any territory or possession of the United States. 

13 (9) SURVIVOR.—The term ‘‘survivor’’ means an 

14 individual who is or has previously been subjected to 

15 domestic violence, including economic abuse. 

16 (10) TERRITORY OF THE UNITED STATES.— 

17 The term ‘‘territory of the United States’’ means the 

18 Commonwealth of Puerto Rico, Guam, the United 

19 States Virgin Islands, American Samoa, and the 

20 Commonwealth of the Northern Mariana Islands. 

Æ 


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