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S. 2755: Postal Banking Act

About the bill

About one in four Americans either does not have a bank account or is forced to use high-interest alternatives such as payday lenders. In fact, there are some communities that don’t have any traditional banks at all.

The demographics of those forced “outside the system” financially skew younger, non-white, and poorer. They spend about $89 billion per year on interest and fees alone.

But there is a U.S. Postal Service post office in every community in the country, operating with low costs and freely accessible to all. Could ...

Sponsor and status

Kirsten Gillibrand

Sponsor. Junior Senator for New York. Democrat.

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Last Updated: Apr 25, 2018
Length: 6 pages

Apr 25, 2018


Introduced on Apr 25, 2018

This bill is in the first stage of the legislative process. It was introduced into Congress on April 25, 2018. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.


2% chance of being enacted according to Skopos Labs (details)


Apr 25, 2018

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Ordered Reported

Passed Senate (House next)

Passed House

Signed by the President

S. 2755 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 2755 — 115th Congress: Postal Banking Act.” 2018. September 21, 2018 <>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from, the official portal of the United States Congress. is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.