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12 U.S.C. § 5623

Expanded access to mainstream financial institutions

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 5623, Expanded access to mainstream financial institutions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/439116
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Full text

The Secretary is authorized to establish a multiyear program of grants, cooperative agreements, financial agency agreements, and similar contracts or undertakings to promote initiatives designed— The Secretary shall restrict participation in any program established under subsection (a) to an eligible entity. Subject to regulations prescribed by the Secretary under this subchapter, 1 or more eligible entities may participate in 1 or several programs established under subsection (a). Subject to regulations prescribed by the Secretary, an eligible entity may, in participating in a program established under subsection (a), offer or provide to low- and moderate-income individuals products and services relating to accounts, including—

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.