# 115-hr-5816: Postal Banking Act

115-hr-5816, Postal Banking Act, is a 115th Congress bill sponsored by Rep. Clarke, Yvette D. [D-NY-9] (D-NY); status Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-5816
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-5816
- Congress: 115
- Title: Postal Banking Act
- Status: Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced: 2018-05-15
- Sponsor: Rep. Clarke, Yvette D. [D-NY-9] (D-NY)
- Cosponsors: 0
- Policy area: Government Operations and Politics
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Postal Banking Act This bill grants the U.S. Postal Service (USPS) the power to provide basic financial services, including: low-cost, small-dollar loans, in specified amounts; small checking accounts and interest-bearing savings accounts in specified amounts, alone or in partnership with depository institutions and federal credit unions; transactional and remittance services; and other basic financial services in the public interest. It grants the USPS the power to: (1) set interest rates and fees for the financial instruments and products provided by the USPS that meet specified requirements, and (2) allow capitalization of an amount deemed necessary by the USPS to finance the services provided by this bill. The USPS: (1) shall not be granted a bank charter, become an insured depository institution, or engage in traditional banking activities such as lending; and (2) shall be subject to the provisions of the Uniform Commercial Code regarding bank deposits and collections.

## Related bills

- 115-hr-7368: Federal Employee Retroactive Pay Fairness Act
- 115-hr-7359: Voter Information and Access Act of 2018
- 115-hr-7350: No Nuclear Weapons for Saudi Arabia Act of 2018
- 115-hr-7332: Protect American Taxpayers and Secure Border Act
- 115-hr-7307: Ronald V. Dellums Memorial Fellowship for Women of Color in STEAM and National Security Act
- 115-hr-7293: To designate the facility of the United States Postal Service located at 770 Ayrault Road in Fairport, New York, as the "Louise and Bob Slaughter Post Office".

## Sources
- [115-hr-5816 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/5816)

## Related
- [115-hr-7368: Federal Employee Retroactive Pay Fairness Act](https://policyrisk.com/legislation/115-hr-7368)
- [115-hr-7359: Voter Information and Access Act of 2018](https://policyrisk.com/legislation/115-hr-7359)
- [115-hr-7350: No Nuclear Weapons for Saudi Arabia Act of 2018](https://policyrisk.com/legislation/115-hr-7350)
- [115-hr-7332: Protect American Taxpayers and Secure Border Act](https://policyrisk.com/legislation/115-hr-7332)
- [115-hr-7307: Ronald V. Dellums Memorial Fellowship for Women of Color in STEAM and National…](https://policyrisk.com/legislation/115-hr-7307)
- [115-hr-7293: To designate the facility of the United States Postal Service located at 770 Ay…](https://policyrisk.com/legislation/115-hr-7293)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-5816 (as of 2025-11-18).