Financial Empowerment and Protection Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4096 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4096 To require covered companies to allow consenting cohabitating adults to open joint accounts, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 24, 2025 Mr. Casten (for himself, Mrs. Kiggans of Virginia, and Mrs. Beatty) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, Transportation and Infrastructure, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To require covered companies to allow consenting cohabitating adults to open joint accounts, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Financial Empowerment and Protection Act''. SEC. 2. COVERED COMPANY JOINT ACCOUNTS OF CONSENTING COHABITATING ADULTS. (a) Requirements for Covered Company Joint Accounts of Consenting Cohabitating Adults.-- (1) Joint accounts.-- (A) In general.--Each covered company shall allow consenting cohabitating adults who are or will be customers of the covered company to open a joint account with the covered company for purposes of managing-- (i) the services provided by the covered company; and (ii) bills for such services. (B) Agreement required.--A joint account may not be opened pursuant to this paragraph unless each of the consenting cohabitating adults agree to open the joint account. (2) Names.--Each joint account opened pursuant to paragraph (1) shall be in the name of each of the