PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
Congressional Research Service
Version 00 · Introduced in House · Jun 9, 1993
Financial Services Access Act of 1993 - Prescribes guidelines under which: (1) each depository institution must offer a basic financial services account under which an account holder may obtain either basic transaction account services or government check cashing account services; and (2) the Board of Governors of the Federal Reserve System (the Board) is required to develop a model application form for the use of depository institutions offering such accounts. Sets forth the criteria for basic transactions service accounts and government check cashing services accounts. Requires a depository institution to conspicuously disclose the availability of such accounts in its public areas. Directs the Board to prescribe regulations which require certain depository institutions to disseminate such information in multi-language notices. Requires certain credit unions to offer such basic financial services accounts. Exempts certain depository institutions from the requirements of this Act. Prescribes guidelines for: (1) fraud prevention and administrative enforcement; and (2) civil liability for noncompliance with this Act by a depository institution.
People & committees
Rep. Torres, Esteban Edward [D-CA-34] · D–CA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
Referred to the Subcommittee on Consumer Credit and Insurance.
Referred to the House Committee on Banking, Finance + Urban Affrs.
Sponsor introductory remarks on measure. (CR E1447)
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.
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