PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Banking.
Congressional Research Service
Version 00 · Introduced in Senate · Jan 21, 1993
Financial Services Access Act of 1993 - (Secs. 3-4) 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) must develop a model application form for the use of depository institutions offering such accounts. (Secs. 5-6) Sets forth the criteria for basic transaction services accounts and government check cashing services accounts. (Sec. 7) Requires a depository institution to conspicuously disclose the availability of such accounts in its public areas. (Secs. 8-9) Requires certain credit unions to offer basic financial services accounts. Exempts certain depository institutions from the requirements of this Act. (Secs. 10-11) Prescribes guidelines for fraud prevention and administrative enforcement. (Secs. 13-16) Requires a study and report to the Congress by: (1) the Board on the incidence of fraud in connection with government check cashing services; (2) the Secretary of the Treasury on the feasibility of staggering Federal recurring payments; and (3) the Comptroller General on using the Postal Service as a supplemental provider of government check cashing services and on using direct deposit for Federal recurring payments.
People & committees
Sen. Metzenbaum, Howard M. [D-OH] · D–OH
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Read twice and referred to the Committee on Banking.
Sponsor introductory remarks on measure. (CR S501)
Introduced in Senate
Primary sources
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Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.
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