Political Quotes

“Madam Speaker, I yield myself such time as I may consume. I thank the gentleman from Georgia (Mr. David Scott) for introducing this bill, which has been bipartisan for several Congresses. According to data from the FDIC's survey of unbanked and underbanked households, 5.4 percent of U.S. households were unbanked in 2019. This means no one in the household had a checking or savings account. This translates, Madam Speaker, into 7.1 million American households that don't have that simple, straightforward needed access to a checking or savings account. While this is the lowest percentage rate since the FDIC began conducting that survey back in 2009, the number of unbanked and underbanked families is still disturbing. These statistics point to a staggering number of Americans who have limited or no access to traditional banking services. When I was in community banking before coming to Congress, there was nothing more empowering than having connection to and access to that financial system so that you can save for college, buy a home, acquire that first car that you have dreamed of, or just conduct your household's financing. So, over the years in Congress, I have supported efforts to improve financial literacy, particularly with my friend, Dr. Foster. As a banker, I certainly worked with volunteers, helping families understand the financial system and how they could have banking access.…”