,i  #aagth ,,congress  #ast ,session    
,h4 ,r4 #cifh  ,,in ,,the ,,house ,,of  
,,representatives  ,june #ag1 #bjba,mr4 
,torres of ,new ,york 7for himself1 ,mr4
 ,sherman1 ,ms4 ,velzquez1 ,mr4 ,meeks1 
,mrs4 ,carolyn ,b4 ,maloney of ,new     
,york1 ,ms4 ,clarke of ,new ,york1 ,mr4 
,suozzi1 ,mr4 ,espaillat1 ,mr4 ,nadler1 
,ms4 ,ocasio-,cortez1 ,ms4 ,meng1 ,mr4  
,jeffries1 and ,mr4 ,bowman7 introduced 
the following bill2 which was referred  
to the ,committee on ,financial         
,services  ,a ,,bill  ,to require the   
,board of ,governors of the ,federal    
,reserve ,system1 the ,federal ,deposit 
,insurance ,corporation1 the ,financial 
,crimes ,enforcement ,network1 the      
,national ,credit ,union                
,administration1 the ,office of the     
,comptroller of the ,currency1 and the  
,united ,states ,department of the      
,treasury to update guidance on customer
 identification regulations with respect
 to the use of identification cards     
issued by a municipality1 and for other 

purposes4  #a4 ,short title ,this ,act  
may be cited as the ,municipal ,i,ds    
,acceptance ,act4  #b4 ,findings        
,congress finds the following3 7#a7     
,current law and regulations require    
certain financial institutions1         
including depository institutions1      
savings associations1 and credit unions1
 to have a ,customer ,identification    
,program to identify customers who wish 
to open accounts4  7#b7 ,a financial    
institution must have risk-based        
procedures for evaluating new customers 
that allow the financial institution to 
form a reasonable belief that the       
financial institution knows the true    
identity of the customer4  7#c7         
,guidance on the ,consumer              
,identification ,program has not been   
updated since the staff of the ,board of
 ,governors of the ,federal ,reserve    
,system1 ,federal ,deposit ,insurance   
,corporation1 ,financial ,crimes        
,enforcement ,network1 ,national ,credit
 ,union ,administration1 ,office of the 

,comptroller of the ,currency1 ,office  
of ,thrift ,supervision1 and the ,united
 ,states ,department of the ,treasury   
7in this section referred to as the     
,agencies7 issued ,interagency          
,interpretive ,guidance on ,customer    
,identification ,program ,requirements  
under ,section #cbf of the ,,usa        
,,patriot ,act1 #bjje ,f,a,qs4  7#d7    
,over the last decade more than two     
dozen cities and counties in the ,united
 ,states have instituted municipal      
identification programs1 issuing a form 
of identification to residents who      
typically do not have driver's licenses1
 including young people1 the elderly1   
homeless residents1 and immigrants4     
7#e7 ,municipal identification programs 
help vulnerable populations access      
private and public services1 including  
library services1 utility accounts1     
food1 medical care1 and housing         
assistance4  7#f7 ,while the ,agencies  
have issued statements about the use of 
municipal identification for consumer   

identification1 many financial          
institutions have been hesitant to      
incorporate municipal identification    
into the ,consumer ,identification      
,programs1 limiting access to banking   
for underserved populations4  7#g7 ,it  
is important for the ,agencies to       
clarify1 in guidance1 that financial    
institutions may accept municipal       
identification to establish a customer's
 identity if such identification enables
 the bank to form a reasonable belief   
that the bank knows the true identity of
 the customer4  #c4 ,updating guidance  
on customer identification regulations  
,the ,board of ,governors of the        
,federal ,reserve ,system1 the ,federal 
,deposit ,insurance ,corporation1 the   
,financial ,crimes ,enforcement         
,network1 the ,national ,credit ,union  
,administration1 the ,office of the     
,comptroller of the ,currency1 and the  
,department of the ,treasury shall      
update the guidance titled ,guidance on 
,customer ,identification ,regulations  

,financial ,crimes ,enforcement ,network
 ,f,a,qs3 ,final ,,cip ,rule issued on  
,january #h1 #bjjd1 to state that an    
identification card issued by a         
municipality may be used by a bank to   
verify the identity of a customer if    
such identification card enables the    
bank to form a reasonable belief that   
the bank knows the true identity of the 
customer4