HR 5014
To codify Executive Order 14331 on fair banking.
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Bill overview
This bill aims to make Executive Order 14331 permanent by converting it into federal law. Executive Order 14331 focuses on promoting fair and equitable access to financial services for all Americans. It seeks to address historical and systemic inequities in the banking system and ensure that all consumers receive fair treatment. The bill’s purpose is to solidify these efforts and prevent future administrations from reversing the order’s provisions.
Key provisions
- Codifies Executive Order 14331 into federal law.
- Establishes a framework for fair banking practices.
- Directs federal agencies to address inequities in financial services.
- Requires agencies to collect and report data on disparities in access to financial services.
- Promotes transparency in banking practices.
Who is affected
- Consumers
- Banks
- Federal Financial Agencies
- Low-income communities
- Minority communities
Notable changes
- Creates a legal basis for addressing historical inequities in banking.
- Mandates data collection to monitor and address disparities.
- Provides a framework for agencies to promote fair banking practices.
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119th CONGRESS — 1st Session
H. R. 5014
IN THE HOUSE OF REPRESENTATIVES
A BILL
To codify Executive Order 14331 on fair banking.
Executive Order 14331, titled Guaranteeing Fair Banking for All Americans
(90 Fed. Reg. 38925; published August 12, 2025), shall have the force and effect of law.