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Working Group for Survivor Financial Safety and Inclusion

This act establishes a working group to study how financial institutions can better support survivors of economic abuse. The goal is to enhance financial safety and inclusion for these individuals, including those in underserved communities. Citizens can expect improved financial products and procedures designed to protect them from financial exploitation.
Key points
Creation of an expert working group to combat economic abuse, often affecting domestic violence survivors.
Investigation into how financial institutions can safely collect data on financial abuse tactics and their impact on consumers.
Development of new financial products and services tailored to meet the financial and safety needs of survivors.
Consideration of the needs of rural, low-income, and federally recognized Indian Tribe communities, who often have limited access to banking services.
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Expired
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Additional Information
Print number: 118_HR_7510
Sponsor: Rep. Velázquez, Nydia M. [D-NY-7]
Process start date: 2024-02-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Survivor Financial Safety and Inclusion Working Group Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7510.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-02-29.

What are the main provisions?

Key points include:

  • Creation of an expert working group to combat economic abuse, often affecting domestic violence survivors.
  • Investigation into how financial institutions can safely collect data on financial abuse tactics and their impact on consumers.
  • Development of new financial products and services tailored to meet the financial and safety needs of survivors.
  • Consideration of the needs of rural, low-income, and federally recognized Indian Tribe communities, who often have limited access to banking services.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Velázquez, Nydia M. [D-NY-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Family Benefits