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Working Group on Financial Safety for Domestic Violence Survivors

This law establishes an interagency Working Group tasked with studying how financial institutions are used to perpetrate economic abuse against domestic violence survivors. The goal is to develop new financial products and guidelines that help survivors regain financial stability and ensure greater safety within the banking system. The group's work is intended to lead to concrete changes in consumer protection laws.
Key points
Creation of a federal expert group to combat economic abuse (e.g., blocking account access, forcing debt) against domestic violence survivors.
The group will study how banks and financial institutions can better protect survivors and offer them safer financial products, considering the needs of underserved communities.
Reports on the group's findings will be made publicly available, aiming to drive specific changes in consumer protection laws and regulations.
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Expired
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Additional Information
Print number: 118_S_3835
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2024-02-29
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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_S_3835.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-02-29.

What are the main provisions?

Key points include:

  • Creation of a federal expert group to combat economic abuse (e.g., blocking account access, forcing debt) against domestic violence survivors.
  • The group will study how banks and financial institutions can better protect survivors and offer them safer financial products, considering the needs of underserved communities.
  • Reports on the group's findings will be made publicly available, aiming to drive specific changes in consumer protection laws and regulations.
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 Sen. Smith, Tina [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Family Courts and Law