116TH CONGRESS 
1ST SESSION H. R. 4067 
AN ACT 
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 pur-
poses. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Financial Inclusion 
in Banking Act of 2019’’. 
SEC. 2. OFFICE OF COMMUNITY AFFAIRS DUTIES WITH RE-
SPECT TO UNDER-BANKED, UN-BANKED, AND 
UNDERSERVED CONSUMERS. 
Section 1013(b)(2) of the Consumer Financial Pro-
tection Act of 2010 (12 U.S.C. 5493(b)(2)) is amended— 
(1) by striking ‘‘The Director shall establish a 
unit’’ and inserting the following: 
‘‘(A) IN GENERAL.—The Director shall es-
tablish a unit to be known as the ‘Office of 
Community Affairs’ ’’; and 
(2) by adding at the end the following: 
‘‘(B) 
DUTIES
RELATED
TO
UNDER- 
BANKED, 
UN-BANKED, 
AND
UNDERSERVED 
CONSUMERS.— 
‘‘(i) IN
GENERAL.—The Office of 
Community Affairs shall— 
‘‘(I) lead coordination of research 
to identify any causes and challenges 
contributing to the decision of individ-
uals who, and households that, do not 
initiate or maintain on-going and sus-
tainable relationships with depository 
institutions, including consulting with
trade associations representing deposi-
tory institutions, trade associations 
representing minority depository insti-
tutions, organizations representing the 
interests of traditionally underserved 
consumers and communities, organi-
zations representing the interests of 
consumers (particularly low- and mod-
erate-income individuals), civil rights 
groups, community groups, consumer 
advocates, and the Consumer Advisory 
Board about this matter; 
‘‘(II) identify subject matter ex-
perts within the Bureau to work on 
the issues identified under subclause 
(I); 
‘‘(III) lead coordination efforts 
between other Federal departments 
and agencies to better assess the rea-
sons for the lack of, and help increase 
the participation of, under-banked, 
un-banked, 
and 
underserved 
con-
sumers in the banking system; and 
‘‘(IV) identify and develop strate-
gies to increase financial education to
under-banked, un-banked, and under-
served consumers. 
‘‘(ii) COORDINATION WITH OTHER BU-
REAU OFFICES.—In carrying out this para-
graph, the Office of Community Affairs 
shall consult with and coordinate with the 
research unit established under subsection 
(b)(1) and such other offices of the Bureau 
as the Director may determine appropriate. 
‘‘(iii) REPORTING.— 
‘‘(I) IN GENERAL.—The Office of 
Community Affairs shall submit a re-
port to Congress, within two years of 
the date of enactment of this subpara-
graph and every 2 years thereafter, 
that identifies any factors impeding 
the ability of, or limiting the option 
for, individuals or households to have 
access to fair, on-going, and sustain-
able relationships with depository in-
stitutions to meet their financial 
needs, discusses any regulatory, legal, 
or structural barriers to enhancing 
participation of under-banked, un- 
banked, and underserved consumers
with depository institutions, and con-
tains recommendations to promote 
better participation for all consumers 
with the banking system. 
‘‘(II) TIMING
OF
REPORT.—To 
the extent possible, the Office shall 
submit each report required under 
subclause (I) during a year in which 
the Federal Deposit Insurance Cor-
poration does not issue the report on 
encouraging use of depository institu-
tions by the unbanked required under 
section 49 of the Federal Deposit In-
surance Act.’’. 
SEC. 3. DISCRETIONARY SURPLUS FUNDS. 
(a) IN
GENERAL.—The dollar amount specified 
under section 7(a)(3)(A) of the Federal Reserve Act (12 
U.S.C. 289(a)(3)(A)) is reduced by $10,000,000. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall take effect on September 30, 2029. 
SEC. 4. DETERMINATION OF BUDGETARY EFFECTS. 
The budgetary effects of this Act, for the purpose of 
complying with the Statutory Pay-As-You-Go Act of 2010, 
shall be determined by reference to the latest statement 
titled ‘‘Budgetary Effects of PAYGO Legislation’’ for this
Act, submitted for printing in the Congressional Record 
by the Chairman of the House Budget Committee, pro-
vided that such statement has been submitted prior to the 
vote on passage. 
Passed the House of Representatives October 28, 
2019. 
Attest: 
Clerk.
116TH CONGRESS 
1ST SESSION 
H. R. 4067 
AN ACT 
To amend the Consumer Financial Protection Act 
of 2010 to direct the Office of Community Af-
fairs to identify causes leading to, and solutions 
for, under-banked, un-banked, and underserved 
consumers, and for other purposes.