House Advances Bipartisan Postal Banking Amendment

Campaign for Postal Banking: Postal Banking Campaign keeps moving forward.  Yesterday, the House of Representatives adopted an amendment backing the Postal Service’s expanding its offering of postal financial services.

Introduced to a federal appropriations bill, the amendment expresses the House’s support for the Postal Service exercising its existing statutory authority to offer a wider range of postal financial services. The Postal Service could, without a change in law, expand its money order services, allow customers to cash checks and pay bills at the post office, install ATMs, and expand and enhance wire transfer services. These services, which are a feature of other postal systems around the world, would greatly reduce the harm faced by nearly 90 million people across the country that lack adequate financial services today.

The amendment was moved by a bipartisan group of lawmakers, Democrats Bill Pascrell (NJ-9) and Ayanna Pressley (MA-7) and Republican Mark Amodei (NV-2).

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