,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #abhe  ,,in ,,the ,,house ,,of  
,,representatives  ,february #ad1       
#bjai,mr4 ,david ,scott of ,georgia     
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
amend the ,consumer ,financial          
,protection ,act of #bjaj to establish  
an ,office for ,under-,banked1          
,un-,banked1 and ,underserved           
,consumers1 and for other purposes4  #a4
 ,short title ,this ,act may be cited as
 the ,improving ,access to ,traditional 
,banking ,act of #bjai4  #b4 ,office for
 ,under-,banked1 ,un-,banked1 and       
,underserved ,consumers ,section #ajac  
of the ,consumer ,financial ,protection 
,act of #bjaj 7#ab ,u4,s4,c4 #edic7 is  
amended by adding at the end the        
following3  7i7 ,office for             
,under-,banked1 ,un-,banked1 and        
,underserved ,consumers  7#a7           
,establishment ,before the end of the   
#ij-;day period beginning on the date of

 the enactment of the subsection1 the   
,bureau shall--  7,a7 establish an      
,office for ,under-,banked1 ,un-,banked1
 and ,underserved ,consumers            
7hereinafter referred to as the         
,office71 the functions of which shall  
include activities designed to better   
assess the reasons for the lack of1 and 
help increase the participation of1     
under-banked1 un-banked1 and underserved
 consumers in the banking system2 and   
7,b7 lead coordination between the      
appropriate ,federal banking agencies1  
the ,national ,credit ,union            
,administration1 and ,state banking     
supervisors on this matter to ensure the
 most efficient and effective use of    
governmental resources4  7#b7 ,duties   
7,a7 ,research ,the ,office shall       
conduct research to identify any causes 
and challenges contributing to the      
decision of individuals who1 and        
households that1 do not initiate or     
maintain on-going and sustainable       
relationships with depository           

institutions1 including consulting with 
trade associations representing minority
 depository institutions1 organizations 
representing the interests of           
traditionally underserved consumers and 
communities1 organizations representing 
the interests of consumers 7particularly
 low- and moderate-income individuals71 
civil rights groups1 community groups1  
consumer advocates1 and the ,consumer   
,advisory ,board about this matter4     
7,b7 ,best practices and strategies ,the
 ,office shall identify best practices  
and develop and implement strategies to 
increase the participation of           
under-banked1 un-banked1 and underserved
 consumers in the banking system4  7,c7 
,financial education ,the ,office shall 
identify and develop strategies to      
increase financial education to         
under-banked1 un-banked1 and underserved
 consumers4  7,d7 ,report  7i7 ,in      
general ,the ,office shall submit a     
report to ,congress1 within two years of
 the establishment of the ,office and   

every #b years thereafter1 that         
identifies any factors impeding the     
ability to1 or limiting the option for1 
individuals or households to have access
 to on-going and sustainable            
relationships with depository           
institutions to meet their financial    
needs1 discusses any regulatory1 legal1 
or structural barriers to enhancing     
participation of under-banked1          
un-banked1 and underserved consumers    
with depository institutions1 and       
contains regulatory and legislative     
recommendations to promote better       
participation for all consumers with the
 banking system4  7ii7 ,timing of report
 ,to the extent possible1 the ,office   
shall submit each report required under 
clause 7i7 during a year in which the   
,federal ,deposit ,insurance            
,corporation does not issue the report  
on encouraging use of depository        
institutions by the unbanked required   
under section #di of the ,federal       
,deposit ,insurance ,act4  7#c7 ,use of 

all available information ,the ,bureau  
and the ,office1 in carrying out this   
subsection1 and each ,federal agency    
specified under paragraph 7#a77;,b71 in 
coordinating with the ,bureau1 shall use
 all available data sources when        
researching participation of            
under-banked1 un-banked1 and underserved
 consumers in the banking system4  4