Financial Empowerment and Protection Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 3
- Latest action
- Jun 24, 2025
What it does
The Financial Empowerment and Protection Act would require certain covered companies—such as utilities, internet and telephone providers, landlords, mortgage servicers, and childcare providers—to allow consenting cohabitating adults to open joint accounts for managing services and bills, provided both parties agree. The bill mandates that these companies provide shared access to account information, online portals, and privacy notices, and requires them to notify users about what information will be shared. It also creates a civil remedy allowing individuals harmed by noncompliance to sue for up to $1,000 per violation, with requirements taking effect 180 days after enactment. Additionally,…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.