Postal Banking Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 5627 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 5627 To amend title 39, United States Code, to provide that the United States Postal Service may provide certain basic financial services, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 19 (legislative day, December 16), 2024 Mrs. Gillibrand (for herself and Mr. Sanders) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs _______________________________________________________________________ A BILL To amend title 39, United States Code, to provide that the United States Postal Service may provide certain basic financial services, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Postal Banking Act''. SEC. 2. AUTHORITY FOR THE POSTAL SERVICE TO OFFER CERTAIN FINANCIAL SERVICES. (a) In General.--Section 404(a) of title 39,…